Share Tips 2024: Finance Monthly's Leading Selections for This Week

As we navigate through 2024, investors keen on maximizing their portfolios are always in search of the latest stock recommendations. This week, Finance Monthly highlights a selection of promising stocks to consider for your investment strategy. By consolidating insights from top analysts in the UK and international markets, we provide you with a valuable resource to identify key opportunities.

1. BHP (LON: BHP)

Source: The Telegraph

Mining giant BHP recently cut its dividend by 14%, but still offers a 5.3% yield, which stands above the FTSE 100 average of 3.7%. The company’s commitment to returning at least 50% of profits to investors underscores its income appeal. BHP is also strategically positioned to benefit from increased global demand for key resources, including copper, iron ore, and potash. The company’s robust balance sheet and dividend potential offer stability and growth prospects, providing income investors with compensation for potentially volatile payouts. Current Price: 2,152p

2. Applied Nutrition (LON: APN)

Source: The Times

Applied Nutrition (AN), valued at £340 million, specializes in protein shakes, energy drinks, and vitamins, serving customers in 80 countries. With pre-tax profits of £24 million on £86 million in revenue, AN shows strong financial health and is expanding in the lucrative U.S. market. Despite competitive risks and potential protein price fluctuations, Applied Nutrition’s solid margins and growth prospects make it a promising investment. Current Price: 142p

3. Pinewood Technologies (LON: PINE)

Source: This is Money

Pinewood Technologies provides software for automotive dealerships, supporting car sales, repairs, and service management. Recently securing a contract with Marshall Motor Group, one of the UK’s largest car retailers, Pinewood is positioned for continued growth domestically and internationally. It also plans to introduce new products, including AI chatbots, to enhance customer experience. Analysts predict significant profit growth, with estimates suggesting a 61% increase to £12.6 million by 2025, reaching £17 million the following year. Current Price: 337p

4. Games Workshop (LON: GAW)

Source: Shares

Although Games Workshop’s shares have been relatively flat, the outlook remains optimistic. The fantasy miniatures company is expected to expand significantly over the coming decade, fueled by robust free cash flow and growing sales. With recent upward earnings revisions and potential revenue from a Warhammer TV series with Amazon, Games Workshop’s intellectual property offers substantial growth potential. The series, starring Henry Cavill, could generate $10 million in royalties, expanding brand visibility and setting the stage for future entertainment projects. Current Price: 11,990p

5. C&C Group (LON: CCR)

Source: Investors’ Chronicle

C&C Group saw a 29% increase in interim operating profits to €40.3 million, despite a slight drop in net sales amid tough economic conditions. The Irish beverage company hopes that regaining control of its distribution from Budweiser Brewing Group will support the growth of its flagship cider brand, Magners. With strong retention levels in distribution and anticipated holiday demand, C&C Group’s performance could improve further. Current Price: 148p

One to Sell

Boeing (LON: CCR) Source: The Times

Boeing has struggled to turn a profit since 2018, facing quality and innovation setbacks, scandals, and production delays. The planemaker’s short-term focus on profit, paired with insufficient plane sales, has raised concerns about covering fixed costs. Boeing’s debt position and reliance on recent equity raises may keep cash flow intact, but substantial production improvements are needed to stay competitive with Airbus. “With so much uncertainty,” Boeing currently “looks best avoided.” Current Price: $154

Additional Stocks to Watch

ProCook (LON: PROC) Source: Shares

Following a challenging IPO in 2021, kitchenware brand ProCook is showing signs of recovery. With five consecutive quarters of growth, the company is enhancing its retail footprint and preparing for holiday sales. ProCook’s new leadership aims for ambitious growth targets, including expanding to 100 UK shops, achieving £100 million in revenue, and a 10% operating margin. Analysts project rising profits, with a potential maiden dividend in sight, making ProCook “too cheap” to overlook. Current Price: 29p

Currys (LON: CURY) Source: The Telegraph

With UK wages growing faster than inflation, consumers are in a stronger position to purchase electronics from Currys. The retailer’s market value has surged 87% this year, though it faces challenges in the Nordics. Despite a 28% decline since 2021, the company’s low valuation and earnings growth potential mean that, while risky, the stock could see improvement with better consumer conditions. Hold Rating at 84p

Tate & Lyle (LON: TATE) Source: Investors’ Chronicle

Since selling its sugar division in 2011, Tate & Lyle has focused on ingredient solutions. The recent acquisition of CP Kelco, valued at $1.8 billion, has generated mixed reactions, but profit growth and a low stock valuation relative to competitors suggest potential. Rumored as a possible takeover target for Advent International, Tate’s small size may deter a premium offer. Hold Rating at 762p

Disclaimer

The information provided in Finance Monthly is for informational purposes only and should not be construed as investment advice. All content, including articles, interviews, and analysis, reflects the opinions of the authors and does not necessarily represent the views of Finance Monthly.

Investing in financial markets involves risks, including the loss of principal. Past performance is not indicative of future results, and there is no guarantee that any investment strategy will be successful. Readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions.

Finance Monthly is not responsible for any losses or damages arising from reliance on the information contained herein. By accessing this publication, you acknowledge and accept these terms.