Share Tips of the Week

TOP PICKS THIS WEEK 05-08-2022 :

1. Atlantic Lithium

Suraj Radhakrishnan tipped BUY Atlantic Lithium (ALL) in The Motley Fool this week winning Top Pick with performance 9% better than the FTSE in terms of profits when its share price started soaring on 3 August with the announcement of the results of assays in Ghana.

Atlantic Lithium’s strapline is CREATING WEST AFRICA’S FIRST LITHIUM MINE. It’s an Australian Africa-focused exploration company which plans to create the first African lithium mine in Ghana, West Africa.

Lithium is a precious metal used predominantly in the manufacturing of batteries for the electric vehicle industry which makes up 39% of lithium use globally. The explosive demand for electric vehicles in the race to carbon zero has made this non-renewable resource extremely valuable as its properties are such that it packs a lot of power into a very small space.

2022 has been a bit of a wild ride for this company with the death of its founder & CEO Vincent Mascolo earlier this year at the age of only 53, who was replaced by the current interim CEO.

The Pre-Feasibility Study on the area is targeted for completion in Q3 2022 – check back on www.stockomendation.com to see who knows it first!

2. Darktrace

This week’s second Top Pick is a BUY Darktrace (DARK) by Stifel which performed 5% above the market average. Darktrace is a British-American cyber-defence company according to Wikipedia.

The DARK share price started climbing in July with the announcement of a new set of products. It increased its profits forecast at the same time. This year they have reportedly onboarded 500 new customers and beefed up the executive team however DARK shares are down 65% on September 2021 value after the Mike Lynch Autonomy saga where the ex-CEO lost a court case to Hewlett Packard for deliberately overstating the value of the tech business he sold.

3. Scottish Mortgage Investment Trust

Third this week was a BUY Scottish Mortgage Investment Trust (SMT) by Charlie Carman in The Motley Fool. After crashing 32% in 12 months SMT was due a change in fortune and was up 25% in 2 weeks this July. The tumble down due in part to the sad state of the economy, inflation et. al. The rise is due to an increase in its underlying assets, the companies it invests in as a fund. Its biggest investment is in Moderna which fell 53% in the past year but regained 65% on June value lately.

Join Now

Our current platform allows you to performance-track over 120,000 stock tips from over 300 tipsters and brokers. Sign up now and take a look for yourself – it’s FREE!

Disclaimer: The contents of this article should not be considered financial advice. Pricing data correct as at 5th August 2022..