FTSE 100 Technical Review
Messels' weekly Stocks & Sectors report highlights continued improvement in Services, Media and Banks, while reducing exposure to Consumer sectors. New Buys include Ashtead (broken out of 2-year price and relative ranges) and Barclays (renews the uptrend and has broken out of 8-year price and relative ranges). They have also closed longs in Whitbread (lacks momentum in the short term), Imperial Brands (maintains the uptrend but is reaching the top of the relative range), Howden Joinery (lost momentum and developed short term price and relative tops) and Marks & Spencer (reaching medium term price and relative resistance). Following these changes, Messels’ FTSE 100 Momentum portfolio now consists of 16 stocks.
Edition: 199
- 15 November, 2024
Consumer Staples
ROCGA has recently launched a product that ranks companies using their own CFROI based DCF valuation modelling tools. The list contains the UK’s largest companies ranked according to warranted value, the most undervalued to the most overvalued. CWK appears in the top part of the list, along with Sainsbury, Imperial Brands and ITV. Among others, Sage and Ocado appear at the bottom. ROCGA also covers the US and European markets, with over 2,150 companies in total.
Edition: 168
- 01 September, 2023
FTSE 100 Momentum Portfolio
Messels position themselves as a dedicated technical research team who work for fund managers at a fraction of the cost of a typical sell-side analyst. Highlights from their weekly report: 1) Informa - new Buy as it rallies from support at the bottom of the 12m range and gains relative momentum. 2) Rio Tinto - develops bases at medium term support. 3) Croda - finding 7-year price and relative uptrend support. 4) Imperial Brands - renews uptrends from support above 2-year price and relative bases. 5) GSK - reaching support at the bottom of the 10-year range.
Edition: 146
- 14 October, 2022
Philip Morris International (PM)
Consumer Staples
Considers leaving the Russian market as it scales down operations - PMI cancels the launch of its heated tobacco device Iqos Iluma in Russia. It has also withdrawn plans to manufacture over 20bn Terea sticks for its device, losing $150m. Last month PMI, British American Tobacco and Japan Tobacco announced they would have limited investments in Russia, continuing their sales and domestic production. Imperial Brands was the only company halting domestic Russian production and sales & marketing activity across the country.
Edition: 133
- 14 April, 2022
Consumer Staples
European heated tobacco trials show promising signs - IMB said that the ongoing trials of its Pulze heated tobacco device and iD consumables in the Czech Republic and Greece were progressing well despite a global decrease in net revenues for the category in 2021. While net revenue for IMB’s smoke-free portfolio fell by 3.9%, this was due to the company's exit from several markets, including Japan and Russia, and the refocus of the category in line with its revised strategy.
Edition: 124
- 26 November, 2021