JD Sports, B&M, ABF— 3 Stocks to Watch This Week

The stock market has continued to face uncertainty this week as investors weigh the risks of inflation and higher rates on the general economy.

JD Sports, B&M, and ABF are highlighted as this week’s three stocks to watch as they provide some intriguing readings and potential volatility.

JD Sports

JDSports.co.uk Web Traffic – Source: Semrush
  • JD Sports shares have had a difficult last six months, falling 23%.
  • However, Berenberg labelled the retailer as its “top pick” and raised its price target to 225p.
  • The investment bank believes that JD offers extreme value given its quality and growth.
  • However, regarding JD Sports online web traffic, we can see a significant decline, falling back to pre-pandemic levels.


  • B&M shares have had a volatile week following a double-downgrade from JPMorgan.
  • JPMorgan downgraded B&M to Underweight from Overweight as they are taking a cautious stance on the sector.
  • Additionally, JPMorgan believes its current sentiment and valuations make for an unnatractive risk-reward.
  • However, Shore Capital raised B&M shares to Buy from Hold.
  • The discount retailer has continued to benefit from consumers trading down to cheaper retailers due to inflationary pressures.
  • B&M has also recently purchased up to 51 Wilko stores as its rival collapses, advancing its long-term plans for 950 UK stores.

Associated British Foods

ABF Q3 Revenue – Source: Associated British Foods Q3 Trading Update
  • ABF reports its pre-close trading update on Tuesday.
  • So far, ABF results have been smooth sailing, with its Q3 results highlighting growth across all major categories and group revenue gaining 16%.
  • As for Primark, its value proposition has resonated well with consumers, with total sales up 13%.
  • The group raised its operating profit guidance, stating it would be moderately ahead of last year.
  • As consumers income continues to be squeezed, results for Q4 may be more moderate, but the group has performed well in a year that has seen them hike prices.

By James Fyeman

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