Inflation Peak

Headlines say inflation is at the highest level since March and all stock picks are a mix of 82% BUY, 6% HOLD and 12% SELL.

1. SELL Oracle Power

Top performing stock pick this week is SELL Oracle Power by Tom Winnifrith in ShareProphets with a tip performance of 13%.

Oracle Power is an international project developer quoted on London's AIM Market, developing projects in Pakistan and Australia. The company is led by an experienced management team with international experience in project execution.

Oracle Power is an international project developer, developing projects in Pakistan and Australia. The Company holds one prospective gold asset, the Northern Zone Project, which is located in a gold region of Western Australia. The Northern Zone Project covers an area of approximately one square kilometer. The project is located in a highly prospective area for gold in Western Australia, approximately 25km east of Kalgoorlie and 55km east-northeast of Coolgardie, in close proximity to the Super Pit, an open pit gold mine.

The Thar Block VI coalfield is located 380km to the east of Karachi, 20km northeast of Islamkot. Its Green Hydrogen project located in the Jhimpir Wind Corridor in Sindh, Pakistan, focuses on producing green hydrogen and green ammonia. It develops a one giga-watt solar park in the Thar Desert. It also operates Blue Rock Valley Copper and Silver Project, which is located in the Ashburton Basin in Western Australia, 165km southeast of Onslow.

Oracle Power share price launched at 13p in 2011, it’s all-time high, and is now at 0.03p.

On 12th December Oracle Power announced in this RNS ‘Repricing & Exercise of Warrants to Raise £416,667’ to provide funding primarily for project development in Australia and the green hydrogen project in Pakistan, as well as general working capital.

In Stockomendation two analysts, Winnifrith with SELL and Zak Mir with BUY. There are no active short positions open.

2. BUY Velocity Composites

Second top performing stock pick this week is BUY Velocity Composites by Canaccord Genuity with a tip performance of 9%.

Velocity Composites manufactures advanced carbon fibre and ancillary material kits for use in the production of aircraft. Listed on AIM under the ticker VEL, it was founded in 2007. It’s material kits are used by aerospace and other high-performance manufacturers. The company’s services include structural pre-preg kits; engineered vacuum bag material kits; honeycomb, core potting compounds and co-bonded materials; process & tooling aids, and engineering support services.

Velocity Composites share price launched at 91p in 2017, rose to an all-time high of 129p in 2018 and is now at 29p.

Canaccord Genuity reissued its BUY rating on the stock on 12th December with a target price of 60p. Current stock price was 25p. By 16th December the stock was at 31p.

In Stockomendation two analysts: Canaccord Genuity with BUY and Steve Moore with AVOID. There are no active short positions open.

3. BUY International Consolidated Airlines Group

Third top performing stock pick this week is BUY International Consolidated Airlines Group by Deutsche Bank with a tip performance of 7%.

Formed in January 2011, IAG is the parent company of British Airways, Iberia, Vueling, Aer Lingus, LEVEL, IAG Loyalty and IAG Cargo. It is a Spanish registered company with shares trading on the London and Spanish stock exchanges. Headquartered in in London, IAG is a constituent of the FTSE 100 Index and IBEX 35 indices.

IAG share price launched at 91p in 1988, rose to an all-time high of 518p in 1997 and is today at 303p.

On 11th December Deutsche Bank upgraded IAG’s rating from HOLD to BUY upping the target price from 215p to 400p. The trend continued with Jefferies raising the target price to 350p from 270p on 18th December.

In Stockomendation five analysts with four out of five saying BUY, they are: Deutsche Bank, Jefferies, Harvey Jones and Bank of America and only RBC Capital with OUTPERFORM. There are three UK fund manager short positions open, view those here.

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Disclaimer: The contents of this article should not be considered financial advice. Pricing data correct as at 19th December 2024.