HNW Flee

Headlines say £6 billion has been raised for the treasury due to the inheritance tax whilst one high net worth person leaves the UK every 45 minutes and all stock picks this week 82% BUY, 8% HOLD and 10% SELL.

1. SELL Argo Blockchain

Top performing stock pick this week is SELL Argo Blockchain by Tom Winnifrith in ShareProphets with a tip performance of 11%.

Argo Blockchain is a blockchain technology company that specializes in large-scale cryptocurrency mining. The company is headquartered in London, England, and has operations in North America.

Argo Blockchain share price launched at 13p in 2018, rose to an all-time high of 282p in 2021 and is today at 4p.

On 21st January in this RNS it issued an announcement of a new CEO.

Listed in London and New York on NASDAQ, shares in Argo Blockchain on NASADAQ fell below minimum price of $1.00 for 30 consecutive days, causing a breach.

In Stockomendation two analysts Tom Winnifrith and Lucien Myers both with SELL. There are no active short positions open.

2. HOLD Wizz Air

Second top performing stock pick this week is HOLD Wizz Air Holdings by Deutsche Bank with a tip performance of 9%.

Wizz Air is a Hungarian ultra low-cost carrier group headquartered in Jersey. Wizz Air flies to 194 airports in Europe and some destinations in North Africa, the Middle East, and South and Central Asia.

Wizz Air share price launched at 1,310p, rose to an all-time high of 5,500p in 2021 and is now at 1,473p.

Deutsche Bank raised the target price to 1700p from 1650p on 21 January causing an increase in price.

In Stockomendation five analysts with five different ratings: Deutsche Bank with HOLD, Bernstein with OUTPERFORM, Bank of America is NEUTRAL, Barclays has UNDERWEIGHT and Jefferies says UNDERPERFORM. There are 9 open short positions, view those here.

3. BUY Team17

Third top performing stock pick this week is BUY Team17 Group by Berenberg with a tip performance of 7%.

Team17 Group is a British video game developer and publisher based in Wakefield, England. Ccreated in 1990 through the merger of British publisher 17-Bit Software and Swedish developer Team 7, it is headquartered in Wakefield and listed in London under the ticker TM17.

Team17 share price launched at 233p in 2018, rose to an all-time high of 870p in 2021 and is today at 273p.

On 23 January it issued a Trading Update in this RNS announcing revenue and EBITDA ahead of market expectations.

Last week it awarded £5.2 billion sustainability fund mandate to Schroders from incumbent Impax Asset Management.

Positive performance in the second half of the year was a result of popular new titles, strong back catalogue and healthy Christmas trading period.

In Stockomendation four analysts: Jefferies and Berenberg say BUY, Deutsche Bank says HOLD and Cantor Fitzgerald says OVERWEIGHT. There are no active short positions open.

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Disclaimer: The contents of this article should not be considered financial advice. Pricing data correct as at 24th January 2025.