MoPh Markets

Aviva, Burberry, EasyJet – 3 Stocks to Watch This Week

It’s a mixed bag this week with Aviva (LON: AV.), Burberry (LON: BRBY), and EasyJet (LON: EZJ) on our watchlist — all for different reasons. Here’s what we are looking out for:

Aviva

Aviva Daily Chart – Source: TradingView
  • Aviva surged Friday, climbing almost 10% to a high of 428.3p and closing the session up over 5% at 409p.
  • The rise was due to rumours that the insurance company is at the centre of takeover talks, with a “foreign buyer” interested. 
  • Names such as Allianz, Intact Financial and Tryg were reported to be potential interested parties.
  • The rumours have refused to die down, and Aviva refused to comment, so if they persist, we could see the stock continue to edge higher this week.

Burberry

Burberry Revenue YoY – Source: Statista
  • Burberry shares declined last week after a more than 3.5% drop on Monday. 
  • The fall was due to UBS downgrading the stock to Sell. 
  • However, there have been a few analyst notes in the last couple of weeks suggesting the market is becoming more cautious on the luxury sector.
  • Online demand data doesn’t suggest a significant decline in Buurberry demand, but we feel the BRBY share price is one to keep an eye on this week.

EasyJet

EasyJet Analyst Ratings – Source: TipRanks
  • EasyJet will post a full-year trading update on Thursday, October 12.
  • Despite a recent dip, EZJ shares are up over 52% in the last 12 months.
  • The low-cost carrier is expected to report a hike in profit and revenue.
  • Despite inflation, demand for travel remains strong, and we anticipate a positive release from EZJ.

By Sam Boughedda