MoPh Markets

Domino’s Pizza, Wizz Air, Deliveroo — 3 Stocks to Watch

It’s another busy week of earnings with London-listed names such as FTSE 250 constituent Domino’s Pizza (LON: DOM), Greggs (LON: GRG), Wizz Air (LON: WIZZ), Next (LON: NXT), and Pets as Home (LON: PETS) reporting. 
Alongside DOM and WIZZ, Deliveroo (LON: ROO) makes it onto our list of stocks to watch this week. Here’s why:

Deliveroo

Statista Consumer Survey Result – Source: Statista
  • After moving sideways in 2022 and at the beginning of this year, Deliveroo shares are firmly on the rise. 
  • The stock is now up more than 50% this year and is currently on a three-week winning streak.
  • Deliveroo will report its interim results on August 10, and we think it’s one to watch. 
  • According to Statista, a survey conducted among UK consumers about online food delivery bookings by brand found that 69% of respondents had used JUST EAT in the past 12 months to order food, with Deliveroo at second place, with 48% of those surveyed using the food delivery platform.
  • Given the resilient economy, analysts at Morgan Stanley and Goldman Sachs are positive on the stock and see it moving higher in the run-up to the release.

Wizz Air

Wizz Air Web Traffic – Source: Semrush
  • Wizz Air will report its first-quarter results on Thursday, August 3.
  • WIZZ shares have come under pressure recently, but the company is expected to benefit from the ongoing travel boom.
  • With web traffic at highs and Google search trends climbing, we are positive regarding demand heading into the results, although we acknowledge that WIZZ still faces some headwinds.

Domino’s Pizza

Dominos.co.uk Web Traffic – Source: Semrush
  • Domino’s Pizza will report its interim results on Tuesday, August 1.
  • After a fall for most of 2022, the company’s shares are up 19% this year and are on a 4-day win streak. 
  • Demand trends for Domino’s remain solid, with traffic to the company’s UK, US, and India (its biggest market outside the US) websites near highs, despite a slight dip in recent months. 

By James Fyeman