Connor Campbell, financial analyst for Spreadex, joined Nick Batsford on the Tip TV Finance Show to discuss his views on Netflix, WH Smith, Burberry, ASOS and the Dow.
Campbell begun with the Dow, and highlighted that it has a busy week ahead with 1/6th of its firms reporting earnings so we could see potentially large movements in either direction depending on the strength of the results.
In terms of Netflix, Campbell outlined that it has been dancing between $100 and $115 levels, after hitting its all-time high earlier in August. He added that this could be a big mover, with the move weighing heavily on subscription figures, but he also recognised that this stocks comes with high expectations which may hold the stock back from a significant jump up or down.
He continued to WH Smith, where he commented that it has realised where its strengths are, with travel stores growing 8% up to June whilst high street stores suffered. He concluded that it has still been in profit and has navigated the volatile times well, thus he leaned to more upside.
When concerning Burberry, Campbell noted that it has seen sellers around £15, and has suffered from the Chinese and Asian downturn, with 10% of its sales coming from Hong Kong. He believed that it is not in too dangerous territory yet, but could be in trouble with further data releases from China and Asia in the near future.
To finish, he expressed that ASOS has had a rough two years, but Campbell highlighted that they may be coming out the other end stronger.
We are not authorised by the Financial Conduct Authority of England and Wales. The information and/or data on this website is provided by us and any data providers which may be used by us for your general information and use only and is not intended for trading purposes or to address your particular financial or other requirements. In particular, the information and/or data on the website:
(1) does not constitute any form of advice (financial, investment, tax, medical, legal, spread -betting or otherwise); and (2) does not constitute any inducement, invitation or recommendation relating to any of the products listed or referred to; and (3) is not intended to be relied upon by you in making (or refraining to make) any specific investment, placing any bet or making any other decision; and (4) has not been issued or approved by Tip TV for the purposes of section 21 of the Financial Services and Markets Act 2000 (as amended from time to time).
Opinions expressed by speakers in the videos, writers of the blogs are only opinions and not expert advice. These opinions do not necessarily agree with those held by Tip TV, its directors, agents or employees who disclaim any intent to make betting, securities or securities markets recommendations. The value of investments and the income derived from them may fall as well as rise. APPROPRIATE EXPERT INDEPENDENT ADVICE SHOULD BE OBTAINED BEFORE MAKING ANY INVESTMENT, PLACING ANY BET OR MAKING ANY OTHER DECISIONS.
Recommended Content
Editors’ Picks
AUD/USD post moderate gains on solid US data, weak Aussie PMI
The Australian Dollar registered solid gains of 0.65% against the US Dollar on Thursday, courtesy of an upbeat market mood amid solid economic data from the United States. However, the Federal Reserve’s latest monetary policy decision is still weighing on the Greenback. The AUD/USD trades at 0.6567.
EUR/USD recovers to top end of consolidation ahead of Friday’s US NFP
EUR/USD drove back to the top end of recent consolidation on Thursday, recovering chart territory north of the 1.0700 handle as market risk appetite regains balance heading into another US Nonfarm Payrolls Friday.
Gold recoils on hawkish Fed moves, unfazed by dropping yields and softer US Dollar
Gold price clings to the $2,300 figure in the mid-North American session on Thursday amid an upbeat market sentiment, falling US Treasury yields, and a softer US Dollar. Traders are still digesting Wednesday’s Federal Reserve decision to hold rates unchanged.
Ethereum may sustain trading inside key range, ETH ETFs to be delayed until 2025
Ethereum is beginning to show signs of recovery on Thursday despite a second consecutive day of poor performance in Hong Kong's spot Ethereum ETFs. Bloomberg analyst James Seyffart has also shared that a spot Ethereum ETF may not happen in the US in 2024.
NFP: The ultimate litmus test for doves vs. hawks
US Nonfarm Payrolls will undoubtedly be the focal point of upcoming data releases. The estimated figure stands at 241k, notably lower than the robust 303k reported in the previous release and below all other readings recorded this year.