Inflation Cools

Headlines say Inflation Cools and all stock picks are a mix of 77% BUY, 12% HOLD and 11% SELL.

1. BUY CleanTech Lithium

Top stock pick this week is BUY CleanTech Lithium by Royston Wild in The Motley Fool with a tip performance of a massive 38%!!!

The sustainable lithium exploration and development company with interests in Chile reported a successful exploration at its flagship operation Laguna Verde. The mine was upgraded leading to a whopping £21m increase in company valuation, topping the board with the largest daily increase at 23%.

Individual investors own 30% of stock. Cleantech Lithium share price opened at 35p in March 2022 and today is at 59p.

Four out of five analysts in Stockomendation rate it as a BUY – they are Royston Wild, Ben McPoland, John Smith and Canaccord Genuity with Charlie Carman saying WATCH.

2. LONG TERM BUY Persimonn

Second top stock pick this week is LONG TERM BUY Persimmon by Ben McPoland in The Motley Fool with a tip performance of 13%.

The York housebuilder topped the charts as the largest weekly riser at 12.51% this week. The big news catalyst for the rise is the announcement of a new development Crossgates in Fife, Scotland. The development of 157 homes and 8 affordable homes has been allocated by the local council.

Persimmon listed at 144p in 1988 and today is at 1,238p.

All housebuilders are up this week as this month’s inflation figures are lower than expected at 7.9% (!!!).

Five out of five analysts in Stockomendation say BUY or LONG TERM BUY – they are Harvey Jones, James Beard, Ben McPoland, John Fieldsend and Harshil Patel. There are four short positions currently open.

3. HOLD Barratt Developments

Third interesting top stock pick this week is HOLD Barratt Developments by Deutsche Bank with a tip performance of 11%. As mentioned, housebuilders went up this week due to lower than expected monthly inflation rates which at 7.9% are not that low.

Barratt’s long-term performance is better than Persimmon’s however house prices are predicted to fall 25% in the next 5 years.

Barratt listed at 106p in 1988 and today is at 470p.

Three out of four analysts in Stockomendation rate it as a BUY with JP Morgan neutral and there are three short positions currently open.

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Disclaimer: The contents of this article should not be considered financial advice. Pricing data correct as at 20th July 2023.