Stock Watch 03 May 2010

The Share Centre’s top 5 customer buys from the last 7 days

1. Lloyds Banking Group – Continued buying after the less than impressive results were released.
2. RBS – Buying ahead of results being issued on the 7th May.
3. BP – There has been significant price weakness on BP due to the huge oil spill in the Gulf of Mexico and investors see  this as a buying opportunity, we would be more cautious.
4. Barclays – Buying ahead and after results were released.
5. Aviva – Our preferred play in the insurance sector finds further favor with investors

The Share Centre’s top 5 shares to follow:

1. Tesco Lower Risk – Last weeks results confirm Tesco’s dominance and profitability.
2. Alliance Trust Lower Risk - Investment trust with global exposure.
3. BskyB Medium Risk – Results impressed and we upgraded to a buy.
4. Royal Dutch Shell ‘b’ Medium Risk – Upgraded to a ‘buy’, our preferred play in the oil sector.
5. Domino’s Pizza Higher Risk – Company has performed well so far this year and we expect further to come.


Ratio of buys to sells = 56:44%
Top 5 most searched for companies on www.share.com


1. Barclays
2. RBS
3. Banco Santander
4. Taylor Wimpey
5. Lloyds

The Share Centre’s Share of the Week
Company: Barclays    Share price: 316.70p    Sector: Banks
Recommendation:    Buy
Risk category:    Medium
Investment class:    Growth
Opinion:
The bank has managed to stay independent and even took advantage of the banking crisis by acquiring assets, possibly on the cheap.
Q1 figures were released by Barclays in late April and despite recording profits of £1.8 billion the market was unimpressed. Reason being was that the performance from Barclays Capital, its investment banking arm was expected to produce more than the 62% rise in profits that they did record.
The weakness that has been seen on the shares should be seen as an opportunity to buy but we will emphasise that we expect the share price to be volatile in the near future.
Barclays is our pick within the UK banking sector and so investors who are looking for exposure to the sector should take a closer look. The company are also now starting to pay dividends and for Q1 a dividend of 1 pence will be paid, it may not be big but at least it’s a start.
 
THIS DATA IS PROVIDED BY NICK RAYNOR, INVESTMENT ADVISER AT THE SHARE CENTRE. THIS IS NOT INTENDED TO CONSTITUTE AN OFFER OR AGREEMENT TO BUY OR SELL INVESTMENTS.

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2010-05-06 09:30:18 © Moneyextra.com