| Bargain Blue Chips 5 stocks trading significantly below their 2018 highs Seeking out undervalued companies that can offer attractive potential for a bounce back to what investors feel represents their "fair value" is a strategy often favoured by FTSE investors. With this approach in mind, our latest report looks at 5 Bargain Blue Chip stocks; medium-term charts, potential support and resistance levels, broker recommendations and target prices 78% of retail clients lose money, consider affordability. Get the report here » | | | London open: Stocks rise on strong US cues; Just Eat tumbles | | | | | London stocks rose in early trade on Friday, taking their cue from a record session on Wall Street as the dollar weakened and worries about the trade conflict between the US and China eased. At 0825 BST, the FTSE 100 was up 0.6% to 7,414.37, while the pound was down 0.2% against the dollar at 1.3234 and 0.4% lower versus the euro at 1.1228, following strong gains the day before on the back of better-than-expected retail sales data. Market analyst Jasper Lawler at London Capital Group said sterling is proving to be resilient as the thorny issue of the Irish border threatens to completely detail Brexit talks. "Yet even if Theresa May bows to European Council President Donald Tusk’s unexpected ultimatum to find an Irish border solution in the next four weeks, she could struggle to get any deal through parliament, with David Davis lining up MPs who will vote against May’s plans to leave the European Union. "Despite the negative headlines, both the EU and Theresa May seem more motivated than ever to get a deal done and this is ultimately what is offering support to the pound." Lawler said any Brexit positivity could see the pound reach $1.3360 before targeting $1.35. The Dow Jones and the S&P 500 hit all-time highs on Thursday thanks to a solid performance from the tech sector, as investors brushed aside escalating tensions between the US and China, choosing instead to focus on recent strong economic data. Lawler said: "Concerns over the trade war continued to ease overnight after the latest round of tit for tat measures, announced earlier in the week, were lower than what traders had been expecting. "The reality is we will need to wait until Chinese export data early next year to see the real impact of the tariffs on the Chinese economy and before then we have the US midterm elections to get through, making any resolution to the trade spat unlikely after November. This has become a long-term issue for the markets, which they are able to shrug off for the time being." On the data front, public sector net borrowing figures are due at 0930 BST while the Bank of England's quarterly bulletin is at 1200 BST. In corporate news, SIG was a touch higher even after it said profits shrank 22% in the first half of the year as the building products supplier continues its transformation and reported that it was "starting to see evidence of delivery". Just Eat tumbled following reports that Uber is in early-stage talk to buy Deliveroo. Peel Hunt said that while this is isn’t a done deal, it would be a shift in the paradigm of the cooked food delivery market in the UK and beyond and could put enormous pressure on "the poster child for takeaway aggregation", Just Eat. Still, it argued that Just Eat's buying power to get discounts for its restaurants, its invaluable big data assets, and the large swathe of customers that use and continue to use the platform is still a huge barrier to entry for the smaller players. Smiths Group traded sharply lower after saying it returned to growth last year as revenue increased but currency swings and reclassification of costs sent annual profit down 8%. The company also announced the sale of its medical division's water bottling business for an enterprise value of $40m. Rare disease specialist Shire ticked up as it announced that the Ministry of Health, Labour and Welfare (MHLW) in Japan has granted manufacturing and marketing authorisation for its treatment for hereditary angioedema attacks in adult patients. In broker note action, Burberry was cut to 'neutral' from 'outperform' by Credit Suisse, while Paragon Banking Group was initiated at 'sector perform' by RBC Capital Markets. | | | | | Invest in the revolutionary combustion technology that’s reducing emissions and cutting costs – with 400% Projected ROI by year 3 Find Out More | | | | Top 10 FTSE 100 Risers| Sponsored by Interactive Investor | 
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| | | eToro Daily Update 21/09/2018 | | | | Today’s highlights: Wall Street reaches new heights - Dow Jones reaches new all-time high: For the first time since January, the Dow Jones soared to a new all-time high, joined by an all-time high by the S&P 500and gains by the Nasdaq. Several companies also reached record highs, including Nike, Microsoft and Visa.
- Asia follows Wall Street’s lead: Markets in the East were seen higher this morning, as the China50 index was up more than 2.5% at the time of writing, and the Hang Seng and Nikkei each climbed more than 1.3%.
Read More.. | | | US close: Wall Street finishes higher as investors digest tsunami of data | | | | | Wall Street trading ended well into the green on Thursday, as investors shrugged off the trade conflict between the US and China and thumbed through a slew of data releases. The Dow Jones Industrial Average ended the session up 0.95% at 26,656.98, the S&P 500 was ahead 0.78% at 2,930.75, and the Nasdaq 100 leapt 1.05% to 7,569.03. “Investors are continuing to monitor the main political stories, which have been an important driver of risk appetite for much of the year, but the latest tariffs didn't catch anyone off guard and so the impact has been marginal,” said Oanda analyst Craig Erlam. On the macroeconomic calendar, US jobless claims moved lower still over the latest week, underlining the ongoing strength of the labour market. According to the US Department of Labor, initial claims for the week ending on 20 September slipped by 3,000 to 201,000. The four-week moving average meanwhile, which aims to smooth out the variations from one week to the next, fell by 2,250 to 205,750. Elsewhere, factory sector activity in the US mid-Atlantic region bounced back sharply in September on the back of a big increase in firms' new orders, according to the results of a widely-followed survey. The Federal Reserve Bank of Philadelphia's manufacturing sector index improved from August's reading of 11.9 to 22.9. The consensus forecast was for a reading of 15.0. Lastly, existing-home sales held steady month-on-month at a seasonally adjusted annual rate of 5.34m in August as housing starts began to fumble, the National Association of Realtors said. Existing-home sales were 1.5% lower than a year ago. The flat reading fell short of consensus expectations of a reading of 5.37m. In corporate news, Darden Restaurants reversed earlier gains to end down 1.22%, despite the Olive Garden parent's first-quarter earnings coming in better than expected. Software company Red Hat was 6.53% lower after it posted lower-than-expected second-quarter revenue late on Thursday, and recreational vehicle maker Thor Industries tumbled 13.01% after the release of its quarterly earnings. Comcast rose 1.31%, 21st Century Fox fell 0.11% and Walt Disney added 1.67% after the UK's takeover panel said it would begin an auction process for London-listed broadcaster Sky this weekend. Facebook was up 1.82% and Twitter was ahead 1.12% despite the EU announcing the companies could face sanctions if they don't comply with European consumer rules by the end of the year. | | | Friday newspaper round-up: Brexit 'humiliation', taxes, Uber, SDX Energy | | | | | Theresa May was left fighting to save her Chequers Brexit plan and with it her authority as prime minister after she was ambushed at the end of the Salzburg summit when EU leaders unexpectedly declared that her proposals would not work. On Thursday night the transport secretary, Chris Grayling, hit back for the government, declaring there were no changes to the Chequers plan on the table and the EU’s demands on Northern Ireland were “impossible” for the UK to accept. - Guardian ...President Macron of France warned the prime minister that she must come up with “new propositions” if she wanted to rescue a deal. The rejection at the Salzburg meeting triggered a crisis in government, with some cabinet ministers considering attempting to bounce Mrs May into abandoning Chequers within days. - The Times ...Senior Brexiteers see Mrs May’s political humiliation in Salzburg as an opportunity, not to remove her, but to allow her to climb down of her own volition. In the coming days they will up the ante by publishing their own detailed proposals for a free-trade deal based on plans that were worked up by David Davis when he was the Brexit secretary. - The Times Most Conservative voters now back higher taxes to fund the NHS, the British Social Attiudes Survey has found. The polling, carried out by the National Centre for Social Research, found that 53 per cent of Conservatives Party supporters think the Government should increase taxes and spending on public services. - Telegraph Jeremy Corbyn’s plan to put up taxes to fund an increase in spending for public services has received a boost after research showed that 60% of people thought the government should do just that. The British Social Attitudes survey found that the proportion of people who believed the government should raise taxes to fund more public spending was at its highest in 15 years, following almost a decade of austerity. - Guardian Uber is in talks to buy the British food delivery start-up Deliveroo for a sum in excess of $2 billion. The owner of the world’s most popular taxi-hailing app is in early stage talks to buy Deliveroo for “several billion dollars”, according to Bloomberg. - The Times Local authorities will collect a whopping £79million from 77,000 landlords this month as new licensing rules come into effect. HMO licensing - which stands for houses in multiple occupation - already applies to landlords who rent their properties to five or more tenants from two or more different households where the property is three or more storeys. - Daily Mail The American retail industry was bracing itself yesterday for a new onslaught by Amazon, amid reports that the ecommerce giant could open as many as 3,000 high-tech inner-city grocery shops by 2021. The $940 billion company, whose main businesses are online retailing and cloud computing, was said to be considering a wider expansion of Amazon Go, a grocery shop concept that has no cashiers and uses an artificially intelligent motion-tracking system to record what shoppers buy. - The Times The bike shop chain Evans Cycles is urgently seeking a buyer as the retailer battles to survive amid tough high street trading conditions, including the rise of online competition and the cost of running stores. The retailer’s management team needs to find £20m to fund a rescue plan, but its backers and bankers were understood to be unwilling to provide the extra cash. - Guardian Only four years after apparently giving its consumer goods business a mini-makeover, Nestlé has put its skin health division up for sale. The Swiss-based maker of Kit Kat and Nescafé said that it had decided to sharpen its focus on its food, beverage and nutritional health products — and that as a result its Nestlé Skin Health division “increasingly lies outside the group’s strategic scope”. An Aim-listed oil explorer is nearing a billion-dollar deal to buy BP’s ageing oilfields in Egypt. SDX Energy confirmed yesterday that it was in talks with the oil major about “a significant package of assets” in the country, after a report by Bloomberg. - The Times A British technology consultant and former adviser to David Cameron has held talks with the owner of Fortune about buying the American business magazine, it is understood. Ian Osborne, an early investor in Snap, owner of the Snapchat messaging app, is believed to have discussed the purchase of Fortune with Meredith, the publisher, on behalf of a group of investors. - The Times | | | Atlantic Advisory - Share Tips of the Year 2018 | |
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