RE: Facts : retail shopping still closed and Boohoo revenues ++10 Nov 2020 17:56
This one makes a lot of sense after the past two days of wild trading: https://www.fool.co.uk/investing/2020/11/10/as-the-ftse-100-surges-over-5-what-do-i-think-are-the-best-uk-shares-to-buy-now/
UK companies that don’t fear Lockdown 2.0
In my view, there’s no better place to start than with companies that look poised to continue performing strongly despite the lockdown restrictions. While such businesses are few and far between, they offer investors the prospect of superior returns, I feel. That’s even in the midst of an uncertain and shaky macroeconomic climate.
For example, consider online food order and delivery service Just Eat Takeaway. After all, people still have to eat during a pandemic. Additionally, having the food delivered straight to your door is a huge bonus. What’s more, the company reported an increase in first-half earnings and revenue as it benefited from the first lockdown. Overall, Just Eat has performed outstandingly over recent months, and I reckon that trend looks set to continue.
With many e-commerce stocks thriving throughout 2020, I think it also makes sense to consider their appeal. While more than 11,000 shops closed for good in the UK in the first half of the year, online retailers such as ASOS and Boohoo reported a surge in profits. Both companies have watched their sales boom and look well-positioned to navigate the second round of restrictions with ease. In my eyes, that’s largely thanks to their popular and affordable products.
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