MoPh Markets

TUI, Moneysupermarket, Ocado — 3 Stocks to Watch This Week

On Friday, London-listed airline stocks (IAG, EZJ, TUI, JET2) took a bit of a tumble, but TUI investors will be hoping the company’s trading update on Tuesday will boost the stock. 

Meanwhile, Ocado, which we previously noted was experiencing declining demand, plunged more than 11% on Friday, and it is still on our radar for the coming week.

Finally, Moneysupermarket will report its final results on Thursday and is the last stock on our watchlist this week…

TUI (LON: TUI)

TUI Web Traffic – Source: Semrush
  • TUI will post its FY23 Q1 Results on Tuesday, February 14 (see our more in-depth preview here).
  • In the last week, Twitter mentions for the airline stocks we cover (EasyJet and Wizz Air) have declined.
  • While the continued squeeze on household income will continue to test European carriers, the recovery in travel is evident from TUI’s online traffic.
  • As a result, we see the release being potentially positive. 

Ocado (LON: OCDO)

  • Based on current demand, consumer sentiment, and inflation, we said last month that we see Ocado’s share price continuing to wane.
  • It has fallen somewhat since then, but we still see further downside in the near term. 
  • This week, we will be watching for a break of around the 613p level.

 Moneysupermarket (LON: MONY)

Moneysupermarket Web Traffic – Source: Semrush
  • Moneysupermarket Group will post its full-year results on Thursday, February 16.
  • MONY shares have climbed more than 24% so far in 2023.
  • With web traffic (according to Semrush) and Google Trends data both moving sideways, we are Neutral ahead of the release.
  • However, Moneysupermarket shares were upgraded at Barclays recently, with the firm saying they see a clearer backdrop for European internet stocks.

Leave a Reply