What Recession

Headlines said that the UK economy avoided recession but we’re not out of the woods yet, and out of all Stockomendation stock picks were 80% BUY, 10% SELL and 10% HOLD.

1. BUY EasyJet

Top share tip this week was BUY easyJet by John Choong in The Motley Fool with a tip performance of 7%. EasyJet share price is having a ‘spectacular year’ as travel resumes and a ‘golden triangle’ forms on the analyst chart.

EasyJet share price is up 40% this year and Deutsche Bank thinks there is another 20% upside left in it this year.

In Stockomendation 4 out of 5 analysts rate EasyJet as a BUY and there are 6 active UK fund manager short positions. See the big picture here.

2. OVERWEIGHT Drax Group

Second interesting stock pick this week was OVERWEIGHT Drax Group by JP Morgan with a tip performance of 4%. The coal and biomass burning power generation company at the top of the FTSE 250 risers this week with JP Morgan lifting the target price to 900p which is a 44% rise on the current price of 682p.

Drax Group share price is up today from opening price of 491p in 2005 and power prices show no sign of reducing.

2 analysts rate this stock as a BUY, 2 as OVERWEIGHT and 1 neutral in Stockomendation and there is 1 active short position. See the full data here.

3. ADD Airtel Africa

Third interesting stock pick this week was ADD Airtel Africa (AAF) by Dr. James Fox in The Motley Fool with a tip performance of 4%. No mucking around by Dr. Fox with this stock pick as he views it as undervalued currently: with the growth of the telecommunications industry and Africa as a region Fox is firmly in the camp. Not like some who see pre-tax profit fall of 4% last quarter (but revenue rising in the same period).

It depends what stick you measuring with but Airtel Africa share price is stable and slightly rising since listing at 68p in 2019 to 130p today. Don’t get me wrong, this is a highly emotive stock with Simply Wall Street making fun of insiders who lost considerable amounts with last year’s share price fall.

But with 4 out of 4 analysts in Stockomendation rating Airtel Africa as ADD or HOLD and NO active short positions, Dr.James Fox is not the only one with faith in the phone sectors.

Image credit: Laurence Broderick © Luke Byfield

Forewarned is forearmed! As always you can see the the aggregated, performance monitored and ranked stock tips and picks data in Stockomendation.

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Disclaimer: The contents of this article should not be considered financial advice. Pricing data correct as at 16th February 2023.