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Sorry that was meant to read if triple locked pension stays and interest rates reduce.
Great thank you Carrington, great to hear you are too.
I agree with your forecast, especially if triple lock on pensions and interest rates reduce, sentiment . Investors seem almost punch drunk on geopolitics and maybe feel they expect anything, yet still have to put their money somewhere.
Yes all good here Neil, hope likewise - holding on here for 350p minimum although if MKS continues taking market share I think 4 quid could be on the cards -
gl dyor etc
Really good when hsbc has something to share Carrington, I hope you are well.
HSBC raises Marks & Spencer to 'buy' - price target 380 pence - my advice in terms of pullbacks in the share price is don't worry too much - nothing goes up in a straight line - money going into peoples accounts through wage rises in April and an increase in the basic wage in April will filter through into retail - Marks will be the greatest beneficiary in that it has momentum right now and is taking market share from competitors in food and clothing - follow the money
gla dyor etc
Market wide drops today, risk-off ahead of important data tomorrow (all UK times):
UK GDP 7am; US CPI 1.30 pm; US Fed Int Rate 7pm (spoiler alert) - it's a hold, the presser and dot plot afterwards more important.
That's dot plot, not losing the plot, although maybe...
Maybe late registration of ex div shares? Or insider dealing? Or the fact that the Tories have been utter divs?
Errr, did I miss something?
Https://youtu.be/tR0znm__efc?si=rMG3fLdzHHRaO8bP
Flying Robot
Very good Fforest, extra cookie for you :op
Looks firmly in a Stage 2 uptrend to me, so the old adage of letting your winners run does perhaps seem apt (without offering advice). Some also call it 'climbing the wall of worry' so DYOR of course and know where your exit point(s) might be.
Loving the SP. How much more??? Well how many sold early with RR? Holding!
Looks like b@xter's cup and handle theory is maybe holding water (or tea if you prefer, we're an inclusive bunch here). Broken through the top of the short-term uptrend and into the stronger currents of the main channel.
M&S m’ share price traditionally has a good build from now until December. So assuming that pattern broadly holds true, and the usual performance and macro economic conditions are accepted, then we should expect a very nice Christmas!
Did anyone see the news that Shein are considering an IPO in London, after being rejected by the US. So they’ve come here with our rather more ‘lax’ approach to financial and corporate governance. What interested me was the massive valuation they were suggesting… £50bn. Turnover something like £25-£30bn, with £1.5bn profit. Interesting times
I don't have access to the full report but this is the summary:
https://brc.org.uk/insight/content/retail-sales/retail-sales-monitor/reports/202405_uk_rsm/
A little bit more detail on the % splits here:
https://www.ii.co.uk/news/top-news-uk-retail-sales-rise-in-may-thanks-to-food-and-online-sales-al1717480785912712800
JJ you can have mine for £4, short term offer valid for 2 months only, £5 to any foreigners
Pleased we've held above £3, even gave 3.10 a nudge, will be happier once we're in high teens to know £2 is behind us. If that happens sooner than expected then may revise my target for a 3.50-3.75 range later this year. Ocado may surprise and gives us a push on the 16th, not much else to spur us on for a while.
Well done PANG. GLA
Anywher near 3.50 and i will be gone. Bought in at start covid, 3.50 woul give me about 200% profit.
At present not showing any Election gloom; no "sell in May and go away". £4 anyone ?? JJ
So, um, that possible ‘hesitation’ I mentioned on Tuesday. Yup, that one :(
Intraday has been tagging the top of the recent uptrend and then closing below it each day this week, until yesterday when the intraday peak didn’t quite make it. Perhaps suggests the market was okay with the recent trend but not yet convinced enough to push us into the middle of the stronger long-term uptrend?
So a bit of indecision around the SP at the moment, and the run of daily doji candles supports that view, but maybe not with a good outcome.
Good to see the US sorted themselves out into close yesterday. I mean, the PCE came in bang on estimate but they still decided to throw a hissy fit in the afternoon (perhaps taking a lead from their newest convict) before coming to senses later on (much unlike their newest convict). Hopefully bodes well for a good run next week as otherwise the slight weakness yesterday may retrace a little more...
Not yet convinced about a cup & handle, looks a bit sketchy? But if there is a breakout then it could certainly herald a strong run up. Lemon fancy for me please :)
For now, at least, the rune stones remain sealed in a box. Might get the tea caddy out though…
What no saucer, just in case your cup overfloweth!
I'll slip you a french fancy if we see it play out!
Yes please. Just a splash of milk if you would and a little royal jelly. Thank you.
Possible bullish cup and handle forming for the chartists.
Yes who would want to not consider 2 cent dividend.
Could be a bit of a sell off tomorrow as we go ex dividend.