As we head into the Christmas period, things are starting to die down, but we still have updates from a few companies we follow here at MoPh Markets, including Ocado (LON: OCDO), Currys (LON: CURY), and TUI (LON: TUI).

Here’s why we are watching these stocks next week…

Ocado (OCDO)

• We were fairly bearish on Ocado in the aftermath of the pandemic, and not much has changed since.
• On some earnings calendars, it is stated that Ocado will release a trading update on Wednesday, although we can’t see any confirmation on the company’s own financial calendar. 
• Nevertheless, even though web traffic and Google Search interest have steadied in recent months, we still lean bearish for now.
• Ocado recently halted its expansion plans as demand for online groceries continues to decline.

TUI (TUI)

• TUI will post its annual report on Wednesday, December 14,
• We are overall bullish long-term on airlines, but over the Christmas period, we have a Neutral bias.
• Even so, we expect TUI to provide a Christmas period outlook in line with the rest of the market (solid demand).
• According to Semrush data, traffic to TUI’s UK website is only slightly off recent highs providing a reason to be positive on its near-term outlook.

Currys (CURY)

• Currys will release its interim results on Thursday, December 15.
• We expect the current macroeconomic outlook to have impacted Currys demand.
• Looking ahead, despite its shares being down 40% this year, inflation is sure to have an impact on near-term demand, pressuring Currys share price.