Share Tips of the Week

Headlines like FTSE spooked after Wall Street suffers worst performance since the dark days of the pandemic still 3/5 Stockomendation top tips are BUY!

1. Top tip this week isAvoid Ocado Group (OCDO) by Chris Bailey in ShareProphets with a tip performance of 12%. This tip was placed on 13 Sept when Ocado had started the freefall from a high on the 12th.

What sparked it? The grocery tech licensor published earnings on Tuesday which caused shares to literally plummet 13% overnight. Lower revenue was forecast as consumers cut back due to the cost-of-living crisis.

Ocado listed in 2010 at a meagre 159p and climbed to a nice 2819p high in peak pandemic in 2021 after which it fell. And kept falling, to a 4-year low today at 639p.

What’s instore for this grocery chain supplier? Rising costs & inflation & growth of only 2.7% does not bode well.

2. Second tip this week was Buy Marlowe by Berenberg with a nice performance of 10%.

Simply Wall Street recommends putting this stock on your watchlist as it’s risen more than 20% in recent months. Marlowe provides compliance technology and though you may not have heard of it, listed in 2007 at 54p and climbed to an all-time high of 1020 in December 2021.

In an earnings announcement on Wednesday, it announced 66% growth in revenues and forecast that to continue. Compliance is not a discretionary spend. Its costs are mostly fixed, and we think Berenberg might be onto something!

3. Third tip this week was a Overweight Network International Holdings by Morgan Stanley with a tip performance of 7%.

Moderate buy rating by Morgan Stanley for Network International Holdings. Morgan Stanley is amongst 6 analysts who have rated it as a buy.

This payment solutions provider operates in the Middle East and Africa. It recently announced 31% growth in year-on-year total revenue for H1 2022 with Africa growing 21% year-on-year.

It opened at 505p in April 2019 and been slowly sinking to 295p today, but who knows what the analysts know? Not us but with a consensus of 6 BUY ratings Network International Holdings might be worth a closer look!

The fact is nobody knows what will happen next except next week’s top share pickers. Follow them on www.stockomendation.com

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Disclaimer: The contents of this article should not be considered financial advice. Pricing data correct as at 15th September 2022..