FTSE Rises

FTSE Rises and all stock picks are a mix of 86% BUY, 6% HOLD and 8% SELL.

1. HOLD IG Design Group

Top interesting stock pick this week is HOLD IG Design Group by Russ Mould in The Telegraph - Questor with a tip performance of 11%.

IG Design Group is a purveyor of stationery mostly cards and gift wrap with sales predominantly in the UK and US. IG Design Group share price listed at 53p in 1996, reached an all-time high of 798p in 2020 and is now at 152p.

Shares jumped last week at the company announcement last week that performance exceeded forecasts resulting in lower debt.

Russ Mould in his article says the stock is suited to aggressive investors who don’t care about a return or dividends, not cautious ones due to a slowdown in consumer spending.

In Stockomendation five out of five analysts say WATCH, HOLD or BUY they are Russ Mould of The Telegraph, Steve Moore of Shareprophets, Lucy Tobin of The Times, Robert Stephens of The Telegraph and Canaccord Genuity. There are no active short positions.

2. SELL Powerhouse Energy

Second interesting stock pick this week is SELL Powerhouse Energy Group by Tom Winnifrith in ShareProphets with a tip performance of 7%.

The energy company says it is a sustainable hydrogen company that has a ‘solution to the plastic problem.’ Powerhouse Energy share price listed at 4,839p in 2000, rose to an all-time high of 4,912p later that year and are currently trading at 0.26p, an all-time low.

Big news this week was the company announcement that it is deferring its Northern Ireland waste-to-hydrogen joint venture commitment due to ‘re-evaluation of priorities,’ resulting in a 15% loss of value.

Recently Powerhouse Energy received a European Patent on its method of waste to hydrogen so we shall see what happens in the future.

Two analysts divided in Stockomendation with Hamish Cassidy saying BUY and Tom Winnifrith saying SELL.

3. OVERWEIGHT Rolls Royce

Third interesting stock pick this week is OVERWEIGHT Rolls-Royce Holdings by Barclays with a tip performance of 6%.

Barclays upgraded the engine giant from EQUAL WEIGHT to OVERWEIGHT due to a 10% share price slump over the past month making it ‘good value’ the Bank said in its research report.

In addition, Rolls Royce announced a ‘capital markets day’ on 28 November which will be an investor / strategic update that could fuel a BUY spree.

Rolls Royce was incorporated in 1904 in Manchester as a luxury car and then aerospace engine manufacturing firm. Rolls Royce share price listed at 40p in 1988, reached an all-time high of 436p in 2013 and is now at 220p.

In Stockomendation five out of five analysts say BUY, OVERWEIGHT or LONG TERM BUY they are Barclays, James Fox, Jon Smith, Harvey Jones and Kevin Godbold. There are three active short positions open.

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Disclaimer: The contents of this article should not be considered financial advice. Pricing data correct as at 2nd Novmeber 2023.