Interest Rates Up Again

Interest rates are up again and top stock picks are a mix of 82% BUY, 7% HOLD and 11% SELL tracked in Stockomendation.

1. BUY Tinybuild

Top stock pick this week is BUY Tinybuild by Berenberg with a tip performance of 10%. The American video game manufacturer listed at 210p in 2021 and is now at 51p.

Shares were up almost 9% on Wednesday after the investor announcement that profits were up 27%, revenue up 21% and the COO is resigning.

Some are sceptical with Investors Chronicle saying ‘Investors will be waiting for the day it brings in more cash than it spends.’ The company line is that 2022 was hard and the worst is behind them but net cash is down and it will could need to do more in 2023 for the latest announcements to come true.

TinyBuild is rated by 2 analysts on Stockomendation Berenberg and Shore Capital which both rate it as a BUY and there are no active short positions.

2. BUY eEnergy Group

Second interesting stock pick this week was BUY eEnergy Group by Canaccord Genuity with a tip performance of 10%.

The net zero energy provider optimistically announced positive pretax profit and a 58% rise in revenue for 2022 second half results. Latest results represent a turnaround from operating loss to profit of 4.1%.

eEnergy share price listed at 10,350 in 2005 and is now flatlining at 4p.

Canaccord is eEnergy’s broker. Three of four analysts in Stockomendation rate eEnergy as a BUY: Canaccord Genuity, Malcolm Stacey and Joanne Hart. Tom Winnifrith lists it as SELL with his most recent article of November 2011 listing it as a “great short stock”. There are no active short positions on eEnergy in Stockomendation.

3. BUY MP Evans

Third interesting stock pick this week was LONG TERM BUY M. P. Evans Group by Kevin Godbold in The Motley Fool with a tip performance of 7%.

The British owned sustainable palm oil manufacturer with farms in Indonesia forecasts 5% dividend next year and it seems investors believe it with the share price rising.

Palm oil farming is a volatile business prone to fluctuating weather and prices. The unstable political environment in which it operates saw month-long export bans and increased tariffs pose additional challenges.

But MP Evans’ share price is up by 26 times its list price of 41p way back in 1993 as it is now at 885p, the only top stock this week at a higher price than when it listed.

Featured image via tinyBuild

Forewarned is forearmed! As always you can see the aggregated, performance monitored and ranked stock tips and picks data in Stockomendation which equips you to make good investing decisions. Check out www.stockomendation.com before your next trade for maximum understanding of your target stock.

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Disclaimer: The contents of this article should not be considered financial advice. Pricing data correct as at 30th March 2023.