How can you figure out which stocks to buy?
The table below is an interesting starting point if you’re wondering which stocks to buy right now. It highlights those that are furthest from their 17-month highs. You’ll notice that the stocks with furthest to go are in some cases those that have rallied hardest of late! It shows that, if these stocks can maintain their upwards momentum, there’s still a hefty amount of upside to be had. The defensives should also be watched closely for signs they’re pulling back. Indeed, the likes of Severn Trent (SVT), National Grid (NG.) and British American Tobacco (BATS) are up to 5% off their highs already. This could well keep the cyclicals supported.
The above table shows the 10 stocks with the most upside potential in terms of the distance from current levels to their 17-month highs. Some have already made impressive recoveries from their 2016 lows (in some cases all-time lows). Some are currently consolidating or correcting – will they rebound once more and continue their northerly course? Others remain close to their 2016 lows – do these now represent the notable ‘bargain blue chip’ opportunities of the year?
We’ve analysed the entire UK 100 for its recovery potential and to try to figure out which stocks to buy. For a full rundown simply sign up for our free 2-week research trial, at which point you’ll be able to ask us all the questions you want about the markets and experience for yourself the award winning service we offer.
In the meantime, why not have a look through our selection of 7 stocks that could make you some money over the summer – whether from an income or capital gains standpoint? Some are stocks that have already posted good gains and are arguably still carrying a decent amount of momentum, while others remain close to their year-to-date lows. All have potential to register large share price moves in the coming weeks or months.
Our picks include Standard Chartered (STAN), Anglo American (AAL), Barclays (BARC), Pearson (PSN), Shire (SHP), easyJet (EZJ) and ARM Holdings (ARM).
We’re sure you’ll find an idea or two in what follows!
