Rush for Cash

Headlines this week say get ready for a corporate rush for cash and all stock picks are a mix of 80% BUY, 10% HOLD and 10% SELL

1. ADD Jet2

Top performing stock pick this week is ADD Jet2 by Dr. James Fox in The Motley Fool with a tip performance of 17%.

Jet2 is a British multinational airline company, operating both flights and package holidays. It is based in Leeds, England. Jet2 is the third-largest scheduled airline in the UK. The company's main focus is on offering low-cost flights with high-class service, and they also operate package holidays through Jet2holidays.

Jet2 share price laucnedhat 42p in 1996, rose to an all-time high of 1,880p in 2020 and is today at 1,657p.

On 29th April Jet2 released its end of year trading results in this RNS and at the same time announced a £250 million share buyback program. Shares jumped in response to the positive trading update.

In Stockomendation three analysts: Dr. James Fox with ADD, Deutsche Bank with BUY and JP Morgan has OVERWEIGHT. There are no active short positions.

2. BUY Impax Asset Management

Second top performing stock pick this week is BUY Impax Asset Management Group by Patrick Hosking in The Times - Tempus with a tip performance of 7%.

Impax Asset Management is a specialist asset manager, focusing on the transition to a more sustainable global economy. Founded in 1998, the company manages approximately £37.2 billion in assets under management as of September 2024. They offer a range of investment solutions across various asset classes, including listed equity, fixed income, systematic equities, and private markets.

Impax share price launched at 38p in 2000, reached an all-time high of 1,472p in 2021 and is today at 149p.

The embattled asset manager has fallen from popularity in recent months with the loss of St. James’ Place who announced it was investing elsewhere. Shares creashed but Hosking sees reason for hope in an undervalued stock with plenty of potential, not least with an eventual upswing of markets.

In Stockomendation two analysts both with BUY – Patrick Hisking and Citibank. Three open fund manager short positions, view those here.

3. AVOID Focusrite

Third top performing stock pick this week is AVOID Focusrite by Steve Moore in ShareProphets with a tip performance of 7%.

Focusrite PLC is an English music and audio products group based in High Wycombe, England. The Focusrite Group trades under eight brands: Focusrite, Focusrite Pro, Martin Audio, ADAM Audio, Novation, Ampify Music, Optimal Audio and Sequential.

Focusrite share price launched at 140p in 2014, rose to an all-time high of 1,730p and is today at 131p.

On 29th April the company released interim results in this RNS. The general truth is that much of Focusrite’s revenue comes from the US and shareholders are awash with tariff fears. In his article Steve Moore questions the numbers associated with the positive sentiment put forward in the trading update.

In Stockomendation two analysts: Steve Moore with AVOID and Berenberg with BUY.

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Disclaimer: The contents of this article should not be considered financial advice. Pricing data correct as at 1st May 2025.