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Share Tips Update: Talen Energy, Oscar Health and Watches of Switzerland

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There was plenty of political risk still on the table in May, but despite that, and idle speculation about interest rates, many key stock indexes seemed intent on pushing to new highs. 

Investors need to be cautious given the highly concentrated scenario around the Magnificent 7 stocks: there is too much money riding this wave, and I worry about liquidity issues should it all try to run for the door.

Our figures below reflect a substantial change in the NVIDIA stock price. This was due to a 10:1 stock split to allow more retail access to NVIDIA shares, which were becoming very pricey for the small buyer. NVIDIA is obviously hoping that its stock will lead to the same upside performance as that of Amazon, for example. Brokers we spoke to think the split should see more investors entering the stock in the short term.

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Talen Energy [OTCQX:TLNE]

Talen Energy joined the long term buy and hold portfolio in May. The stock was trading on the OTCQX but conversations with fund managers led us to expect that the company may be prepping a move onto a major bourse in the US in the near future. Talen is one of the leading US power infrastructure companies and is coming off the back of the strongest year financially in its history. It has also just concluded a major deal with Amazon Web Services for the sale of Talon’s Cumulus Data business, which brought a staggering USD 650m into its treasury.

Oscar Health NYSE:OSCR

Regular followers of this tips column will know I like healthcare stocks. Oscar Health operates in the large and lucrative American healthcare insurance market. This is rapidly expanding following the passage of the Affordable Care Act. Oscar Health caters to people who don’t work for big companies or benefit from the healthcare insurance benefits which typically come with a US employment package. In my view the company should benefit from a strong shift by the US healthcare insurance market to a much more customer-centric model.

Watches of Switzerland LON:WOSG

Once a market darling in the UK, Watches of Switzerland has had a tough couple of years. The stock dropped 77% from a 2021 peak to a low established last year. James Coffey in his column in May said he felt the last few updates from WOSG suggest the business is in a stronger position than the market currently believes. WOSG sales growth as reported in its 16 May update was 5%, representing an uplift in momentum compared to a sluggish year overall. This could represent a fairly early entry point for a company which has a strong retail following in the UK.

Sold in May: Euro Manganese, VinaCapital Vietnam

How are our picks getting on?

James Coffey’s FTSE 350 share tips

Holding Start price* Current Change Report
Volution Group LON:FAN GBX 379.80 451.00 +18.7% Report
Rightmove LON:RMV GBX 512.00 533.20 +4.1% Report
CMC Markets LON:CMCX GBX 98.63 281.50 +185.4% Report
JD Sports [LON:JD] GBX 115.00 127.50 +10.9% Report
Entain LON:ENT GBX 973.80 675.20 -30.7% Report
ME Group LON:MEGP GBX 166.00 182.80 +10.1% Report
Chemring LON:CHG GBX 365.00 386.00 +5.8% Report
Watches of Switzerland LON:WOSG GBX 396.00 409.60 +3.4% Report

Raine Lahtinen’s US stock tips

Holding Start price* Current Change Report
Nvidia NASDAQ:NVDA USD 45.57** 109.63 +140.6% Report
Skechers NYSE:SKX USD 48.29 71.42 +47.9% Report
Palantir Technologies NYSE:PLTR USD 17.79 21.68 +21.9% Report
General Dynamics NYSE:GD USD 244.83 299.77 +22.4% Report
Palo Alto Networks NASDAQ:PANW USD 340.00 294.91 -13.3% Report
Live Nation Entertainment NYSE:LYV USD 88.00 93.74 +6.5% Report
Meta Platforms NASDAQ:META USD 506.00 466.83 -7.7% Report
RTX Corp NYSE:RTX USD 100.00 107.81 +7.8% Report

Tactical trading portfolio

These are shorter-term equity and commodity trades which we can see playing out within one to three months. We will sometimes keep these on longer if the trade is still quite range-bound but we are anticipating further upside. These trades have the tightest risk parameters.

Holding Start price* Current Change Report
Raytheon Technologies NYSE:RTX USD 73.32 107.81 +47.0% Report
SPDR Gold Shares ETF [NYSEARCA:GLD] USD 173.00 215.30 +24.5% Report
Arbuthnot Banking Group plc LON:ARBB GBX 947.00 970.00 +2.4% Report
CDW NASDAQ:CDW USD 174.00 223.62 +28.5% Report
Severn Trent (Short Trade) LON:SVT GBX 2574.00 2,386.00 +3.3% Report
iShares 0-3 Month Treasury Bond ETF [NYSEARCA:SGOV] USD 100.38 100.75 +0.4% Report

Longer-term buy and hold portfolio

These are positions where we see a longer-term growth scenario, usually in the small- to mid-cap space, but sometimes larger companies. We will typically be keeping these stocks on the list for at least six months and often longer. Consequently our risk tolerance is higher for these positions than for the trading list.

Holding Start price* Current Change Report
Yellow Cake LON:YCA GBX 211.50 638.00 +201.7% Report
Nordnet [STO:SAVE] SEK 152.20 208.80 +37.2% Report
First Rand [JSE:FSR] ZAC 5,229.00 6,500.00 +24.3% Report
Turkish Airlines [IST:THYAO] TRY 13.86 302.75 +2084.3% Report
Airtel Africa LON:AAF GBX 109.60 121.90 +11.2% Report
Riverstone Energy [LON:RSE] GBX 566.00 900.00 +59.0% Report
Implenia [SWX:IMPN] CHF 26.95 34.50 +28.0% Report
Babcock LON:BAB GBX 291.00 565.50 +94.3% Report
Gaming Realms LON:GMR GBX 25.00 40.40 +61.6% Report
Michelmersh Brick Holdings LON:MBH GBX 97.14 100.50 +3.5% Report
Tsukada Group [TYO:2418] JPY 417.00 474.00 +13.7% Report
Indian Investment Trust [LON:IGC] GBX 137.50 161.00 +17.1% Report
Literacy Capital LON:BOOK GBX 505.00 522.50 +3.5% Report
Attendo [STO:ATT] SEK 37.20 42.50 +14.2% Report
Ichigo [TYO:2337] JPY 367.00 395.00 +7.6% Report
Fabasoft Group [FRA:FAA] EUR 22.50 21.70 -3.6% Report
Darktrace LON:DARK GBX 461.60 588.00 +27.4% Report

Venture portfolio

These are companies which we see as having long-term and considerable growth prospects. Due to their size and the nature of the business they are in, we feel that our normal risk management constraints should not be applied to these stocks.

Holding Start price* Current Change Report
Nano One [TSE:NANO] CAD 1.13 1.70 +50.4% Report
Kodiak Copper [CVE:KDK] CAD 0.24 0.54 +125.0% Report
Thunderbird Entertainment [CVE:TBRD] CAD 1.05 1.81 +72.4% Report
Pineapple Power LON:PNPL GBX 5.64 2.74 -51.4% Report
Atlas Salt [CVE:SALT] CAD 0.82 0.64 -22.0% Report
Net Zero Infrastructure LON:NZI GBX 4.50 1.35 -70.0% Report
Electric Guitar LON:ELEG GBX 4.00 1.90 -52.5% Report
Fortitude Gold [OTCMKTS:FTCO] USD 6.70 5.00 -25.4% Report
FPX Nickel Corp [CVE:FPX] CAD 0.50 0.32 -36.0% Report
Medigene AG [ETR:MDG1] EUR 2.40 1.20 -50.0% Report
Sogeclair [EPA:ALSOG] EUR 22.90 23.00 +0.4% Report
Warpaint London LON:W7L GBX 168.50 504.00 +199.1% Report
Synectics LON:SNX GBX 119.00 185.00 +55.5% Report
Perimeter Medical Imaging [CVE:PINK] CAD 1.92 0.53 -72.4% Report
Shin Maint Holdings [TSE:6086] JPY 1,686.00 1,330.00 -21.1% Report
Smith-Midland NASDAQ:SMID USD 41.00 37.00 -9.8% Report

*Prices as of close of play on 31 May 2024, all prices in GBX (Pence Sterling) unless indicated.
**Price is adjusted to account for the stock split in 2024.  Original entry price was USD 462.41.

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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