- 16th March 2020 at 11:30 am #19484
I thought it may be interesting to start up a topic to run over the next few weeks that identifies UK stocks with rising share prices. It may fuel some ideas in these difficult market conditions, either in the short term, or with longer term prospects in mind. Feel free to share your thoughts.
- 16th March 2020 at 12:06 pm #19485
So, I ran a search on Share Pad, designed to find any UK All-Share Stocks that has seen their share price rise over the last 5 days (search on 16th March). There weren’t many, as you might imagine, but there were some. Here they are:
- Balfour Beatty [LON:BBY]
- BH Global [LON:BHGG]
- Evraz [LON:EVR]
- Ocado [LON:OCDO]
- Pershing Square [LON:PSH]
- Ruffer Investment Company [LON:RICA]
Interesting to note that investment groups make up the bulk of the list. Hedge funds have the tools to make money in falling markets. Perhaps investors are getting wise to this? Ocado is on the list too – are investors banking on a boom for retail delivery services should a mandatory lockdown be enforced?
Balfour Beatty provides infrastructure services for the utility companies whose services are required at all times, whether there is a market upturn or downturn. Perhaps this is the motivation for investors here?
Evraz seems to be the anomaly on our list. The stock has had a tough few months but seems to be moving at odds with its short term trend. A whopping 24% dividend yield this time around might be driving interest, or some large scale buying. But here at The Armchair Trader, we can’t see the attraction of the steel industry in the current climate. Perhaps someone knows something we don’t….
- 18th March 2020 at 9:00 am #19509
Following up on my previous note, WM Morrisons is now up over 5, 10 and 20 day periods which is having a positive impact on Sainsbury’s and to a lesser extent, Tesco. As households stock up for any future eventuality, retailers appear to be the real winners at this time.
Ocado remains the standout performer, up an impressive 20% over the last 20 days.
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