What’s in store?

Headlines this week weighed in on the year that was and what’s in store – opportunity versus resiliency – and 4/5 top stock picks this week are BUY reflecting the extended FTSE 100 NYE rally despite oil price slip.

1. AVOID GENinCode

Top spot this week wasAVOID GENinCode by Steve Moore in ShareProphets with a share tip performance of 16%.

Moderate sell tip from Steve for this London gene diagnostics for cardio health company. It listed at 39p in Summer 2021 and suffered gradual decline since. Shares rallied 170% (!) on 29 December when California granted it license approval opening the US market.

Steve paints a different picture and from his article this tip will play the long game: he raises questions about commercial potential and ‘environment challenges.’

Whether he’s missing a trick or knows something we don’t, there is a long way for GENinCode to go before monetising the new licence approval.

2. BUY Fresnillo

Second top stock pick this week was Buy Fresnillo by Robert Stephens (Telegraph) in The Telegraph - Questor with a stock pick performance of 8%. Fresnillo is the world’s largest silver producer and one of Mexico’s largest gold producers. Fresnillo silver mine started operating in 1554. Robet said, ‘Investors with the courage to be bullish this year can make significant returns with this stock.”

It listed at 520p in 2008 and is now at 956p. On 28 December it announced completion of test phase at Juanicipio Project (JV with Canadian firm MAG), a major milestone. Ore will be processed at Juanicipio once commissioned in 2Q2023. The site is expected to produce 11.7 million oz. of gold and 43,500 oz. of silver over its lifetime.

In Stockomendation we see Fresnillo has 12 BUY recommendations, 5 HOLD and 2 SELL ratings. Bloomberg says seven of seven analysts gave it a HOLD rating – we may just see Robert Stephens’ headline come true.

3. BUY CRH

Third interesting top performing stock pick this week was BUY CRH (CDI) (CRH) by Redburn with a stock pick performance of 7%.

The 50 year old Irish building materials supplier has consistently risen since listing in 1993 at 225p to today where it sits comfortably at 3525p. How we might wish we bought this stock back in the 90’s! It’s the largest global materials provider in the world and employs 79k people at 3,100 locations.

Redburn placed the BUY stock tip on 3 January which was an upgrade from its previous NEUTRAL rating. CRH lists 16 BUYs, 3 HOLDs and 1 SELL in Stockomendation. The FT lists nine out of nine analyst ratings as BUY and OUTPERFORM.

If ever there was consensus, this might be it!

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Disclaimer: The contents of this article should not be considered financial advice. Pricing data correct as at 5th January 2023.