Stock Watch 17 May 2010

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

1. Rockhopper Exploration – Share price rickets after the discovery of oil, investors follow but is it too late?
2. Lloyds Banking Group – Buying after volatile markets make banking shares look attractive to short-term investors.
3. Barclays – Volatile markets are seeing traders play the banking sector.
4. Royal Bank of Scotland – Further buying after shares weakening after results and concerns over Europe still.
5. Desire Petroleum – Investors hoping that Desire will find oil like Rockhopper.



The Share Centre’s top 5 shares to follow:

1. Tesco Lower Risk – Last weeks results confirm Tesco’s dominance and profitability.
2. GlaxoSmithkline Lower Risk – Recent weakness make yield look even more attractive.
3. BskyB Medium Risk – Upgraded to a buy after good recent results.
4. Intercontinental Hotels Medium Risk – Figures starting to show a turnaround worth buying. 
5. Tullow Oil Higher Risk – After recent weakness attraction returns6.   


Ratio of buys to sells = 69:31 %


Top 5 most searched for companies on www.share.com


1. Barclays
2. Debenhams
3. Ospec Security
4. DSG International
5. Legal and General


The Share Centre’s Share of the Week
Company:  Tullow Oil    Share price: 1123.0p    Sector: Oil and Gas Producers
Recommendation:    Buy
Risk category:    High
Investment class:    Growth
Opinion:
There is constant news flow from the group as they lobby hard for the Ugandan government to allow Tullow to take over the assets of Heritage Oil in the country.

If successful they will own three license blocks containing the Lake Albert discoveries, a third of which would then be sold.

After a strong share price performance in 2009 we lowered Tullow to a hold, taking the view that a lot of the good news was already in the share price along with the uncertainty of the ongoing negotiations with the Ugandan government.

News from Uganda is expected in the next few weeks and with the share price down we now return the group to the buy list.


THIS DATA IS PROVIDED BY SHERIDAN ADMANS, 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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2010-05-19 09:46:27 © Moneyextra.com