Top Tips of the Week

Headlines like Recession or not, growth is slowing didn’t deter Stockomendation stock pickers with top 3 interesting picks of the week all BUY!

1. S4 Capital

Top interesting tip this week was a BUY S4 Capital (SFOR) by Christopher Ruane in The Motley Fool with a tip performance 12%. This tip was placed on 20 September before a hike of around 20p so far 2 days later. But why does Christopher Ruane thinks the shares are a buy? Maybe it is because with Industry behemoth Martin Sorrell at the helm investors seem to rate his chances of success with the buy and build business model that has turned S4Capital into a player in this space.

Well done Christopher on this BUY tip but with S4’s valuation crashing this year it will be interesting to see how sentiment changes on this stock with current macro conditions.

2. ASOS

Second tip this week was an OUTPERFORM ASOS (ASC) by Credit Suisse with a tip performance 5%.

This was a moderate BUY rating by major player Credit Suisse for the online fashion brand that claims to have revolutionised the way we shop…hmm really!

If we go back to the beginning of time in 2001 when it was just a twinkle in investors eyes it had a price of just 24p. Fast forward to 2018 when it hits a massive all time high of 7530p. Wow. The only thing is at 685p now it is currently at an 11-year low. What to do?

Credit Suisse appears to be looking further into the future than the current cost-of-living crisis and predicts a bounceback in consumer goods.

3. Redrow

Third tip this week was a BUY Redrow (RDW) by Alan Oscroft in The Motley Fool with a tip performance of 4%.

Housebuilding shares surged this week at news of a probable significant stamp duty cut in the Friday budget earlier this week.

The FTSE was up 0.6% at midday on Wednesday at news about the bullish budget.

Over time this housebuilder has been growing with a share price of just 97p back in 1994 steadily increasing to an all-time high of a nice 827p in 2020 back down to 437 today.

Overall, these are less certain times for the property and housing market with the Government looking to stem a crash by announcing stimulation and stamp duty cuts.

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Disclaimer: The contents of this article should not be considered financial advice. Pricing data correct as at 22nd September 2022..