EasyJet, Moonpig, Greggs — 3 Stocks to Watch This Week

Airline EasyJet, online greetings card firm Moonpig, and British bakery chain Greggs are our three stocks to watch this coming week. Here’s Why:

  • EasyJet: The low-cost carrier’s shares have been ranging for a fair few months now, and the recent negative market sentiment has seen it pull back to around the 472p mark, near the low of the range. However, demand trend indicators remain robust, with Twitter mentions continuing to climb. If general market sentiment begins to improve, EasyJet is definitely one we will be looking out for. 
  • Greggs: The bakery chain has been on the slide for the last couple of months, but from a long-term view, it is another we like. Despite the share price decline following its most recent trading update, sales were strong, with its menu development which includes hot food and snacks such as chicken goujons and wedges, proving popular. Demand trends remain robust, and we are positive on the stock if we see sentiment shift. 
Greggs Search Interest – Source: Google Trends
  • Moonpig: Online greeting card firm Moonpig will post its full-year results for the 12 months ended April 30, 2023, on June 29. While the stock is up 17% YTD, it has declined more than 45% in the last 12 months and remains one of the Top 5 Most Shorted London-Listed Stocks. According to Semrush, web traffic continues to decline, leaving us wary ahead of the upcoming release. 
Moonpig Web Traffic – Source: Semrush

Over the long term, EasyJet and Greggs are the two stocks we favour. The ongoing travel recovery should see airline trends continue to strengthen, while we believe Greggs’s menu development is resonating with consumers.

By Sam Boughedda