As the stock market continues to navigate a volatile environment, which seems to be easing, investors are looking for stocks that offer growth potential. This week, we’re taking a closer look at three companies that could be worth considering: EasyJet (LON: EZJ), Tesco (LON: TSCO), and Kingfisher (LON: KGF).
- Kingfisher will report a Q3 trading update on Wednesday, November 22.
- Although it is down just over 1% this year, the stock has gained over 15% in the last month.
- Investments in technology and store openings have helped the company recently.
- One point to note is rival Wickes’s recent release, which saw a drop in Do-It-For-Me (DIFM) sales, suggesting the market could be turning after recent strong performance.
- Tesco shares have had a solid year so far, up 22%.
- But Goldman Sachs analysts believe the stock is set to move higher over the next 12 months.
- The firm noted the supermarket giant’s focus on value as a factor in its bullish view of the stock.
- Elsewhere, Reuters reported late Friday that Barclays has been exploring a potential acquisition of Tesco’s banking operations.
- There could be movement in the stock this week, making it one to watch.
- EasyJet will report its full-year results in just over a week on November 28.
- After dipping on the back of its full-year trading update, EZJ shares have regained some momentum, up over 19% in the last month.
- The low-cost carrier reported record Q3 results and restarted its dividend.
- Last Thursday, Morgan Stanley upgraded EasyJet, stating the company’s earnings are most geared to pricing uplift.
- While we don’t expect too much to come out of the full-year results, EZJ is worth watching for a sustained move higher if market sentiment remains positive.
By Sam Boughedda