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3 UK Stocks to Watch in 2024As we enter 2024, here are three UK stocks that have shown promising signs recently. Past performance is not a reliable indicator of future results Content: 1. Centamin Ticker: CEY Market Cap: £1.18bn PE Ratio (forward): 10.9 Gold is being driven higher by a weakening US dollar and this has created a tailwind for gold mining stocks. Egyptian gold producer and explorer, Centamin recently published a strong update revealed that its gold reserves have surged by 28% to 7.7 million ounces (Moz) in 2023. This growth was led by a 10% increase in reserves at its Sukari Gold Mine and new reserves at Doropo in Côte d’Ivoire. On the price chart, Centamin have finished the year in fine form with the shares rallying strongly in November and prices holding above resistance in December. Upcoming Events for CEY: Thursday, March 21st 2024 - Full Year 2023 Centamin PLC Earnings Release Thursday, April 18th 2024 - Q1 2024 Centamin PLC Earnings Release CEY Daily Candle Chart Past performance is not a reliable indicator of future results 2. Hunting Ticker: HTG Market Cap: £489.05m PE Ratio (forward): 10.4 Rising geopolitical tensions and a relentless pursuit of energy security have ignited a surge in drilling activities across the globe. Governments, despite their environmental commitments, are prioritising stability in energy supply, propelling heightened drilling in regions spanning the US, UK, Norway, France, Australia, and Canada. This surge in drilling not only sustains but also elevates the pivotal role of companies like Hunting. As a key supplier of advanced technological products to the oil and gas sector, Hunting finds itself in a prime position to capitalise on this rising demand. On the price chart, the shares recently broke out of a descending channel pattern, indicating a potential change in the stock's recent trend. Upcoming Events for HTG: Wednesday, January 10th 2024 - Q4 2023 Hunting PLC Trading Statement Release Thursday, February 29th 2024 - Full Year 2023 Hunting PLC Earnings Release HTG Daily Candle Chart Past performance is not a reliable indicator of future results 3. Keller Group Ticker: KLR Market Cap: £636.07m PE Ratio (forward): 6.5 Keller is a global geotechnical specialist, offering engineering and construction services related to the ground beneath us. Keller holds a dominant position in the £38 billion geotechnical industry, has strong earnings momentum, and an appealing forward valuation. Keller's latest trading update for the year ending September 30, 2023, surpassed market expectations with higher profits anticipated. CEO Michael Speakman highlighted exceptional performance, particularly in North America's Suncoast division. The company's cash generation exceeded last year's, leading to a much-improved debt ratio, showcasing Keller's resilience in varied markets and strong financial performance. On the price chart the shares are trending higher, and the shares are currently consolidating beneath its August highs. A decisive break above this resistance could trigger another wave of buying pressure in this stock. Upcoming Events for KLR: Tuesday, March 5th 2024 - Full Year 2023 Keller Group PLC Earnings Release Thursday, May 16th 2024 - Keller Group PLC Annual Shareholders Meeting KLR Daily Candle Chart Past performance is not a reliable indicator of future results Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
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by Capitalcom
LETS TALK WATCHESFacts about the Watches of Switzerland Group: 1. Rich history: The group's roots can be traced back to 1775, making it one of the world's oldest luxury watch retailers. It was officially founded in 1924 as Watches of Switzerland and has been a leading name in the industry ever since. 2. Royal connections: The Watches of Switzerland Group holds Royal Warrants from both Her Majesty Queen Victoria and King Charles III, a testament to its long-standing reputation for quality and service. 3. Luxury brand powerhouse: The group is the UK's leading luxury watch specialist and boasts a portfolio of over 20 prestigious brands, including Rolex, Audemars Piguet, Omega, TAG Heuer, Breitling, and Tudor. 4. Global reach: While its roots are in the UK, the Watches of Switzerland Group has expanded internationally, with a significant presence in the US and Europe. It operates over 130 stores across the globe, including flagship showrooms in New York and Las Vegas. 5. Multi-channel leader: The group embraces a multi-channel approach, offering customers a seamless experience through its network of physical stores, online platforms, and travel retail presence. This omnichannel strategy has been a key driver of its success. 6. Sustainability focus: The Watches of Switzerland Group is committed to operating responsibly and sustainably. It has partnered with several environmental and social organizations and is working to reduce its carbon footprint and promote ethical sourcing practices. 7. 100-year partnership with Rolex: In 2019, the group celebrated 100 years of partnership with Rolex, a remarkable milestone that highlights the strong relationship between the two brands. 8. Acquisition spree: The group has been actively acquiring other companies in recent years, expanding its reach and brand portfolio. Notable acquisitions include Mappin & Webb, Mayors Jewellers, and several Betteridge showrooms. 9. Investing in the future: The Watches of Switzerland Group is constantly looking for new ways to innovate and improve the customer experience. It has invested heavily in technology and training to ensure that its staff can provide the highest level of service to its discerning clientele. The price is at a significant resistance level, and it is backed by the 52-week Moving Average. Looking for an entry if the price is unable to break out from the resistance. We will be adding the Watches of Switzerland Group to our portfolio.
LSE:WOSGLong
by Candles254
GREATLAND GOLD STILL UNDER PRESSURE...Recall I was looking for a cessation of the a-b-c correction at the 38/50 Fibs. However, despite a bullish Havieron MRE (Mineral Resource Estimate) it has dropped lwr. I have adjusted the 'Broadening' Plots lwr-line and added the count for the c-wave. Having overthrown that 'Broadenings' Lwr-Line which I mentioned would be a possibility it has now brought price within the 50/62 Fibs. Resulting in it positioned upon several key/Ma's on varying timeframes along with a potential completed wave-count give or take a few points. If indeed we do have an Overthrow of the 'Broadening' Plot we should see an imminent reversal, which I would expect to pulse vigorously upwards as it being the start of Wave- (3)??
LSE:GGPLong
by SaharasCharts
2
Roche HoldingsThis is one of those companies you can't afford not to look into. Roche is one of the world's largest biotech companies and a global leader in pharmaceuticals and diagnostics. This leading position translates to strong market share, revenue, and profitability. The company operates across various segments like oncology, immunology, neuroscience, and diagnostics, reducing dependence on any single market or product. This diversification provides stability and growth potential. Roche boasts a strong balance sheet with low debt and substantial cash reserves, providing financial flexibility for future investments and growth initiatives. It has a track record of consistent dividend payments and increases, appealing to investors seeking income. Strong fundamentals and attractive technicals have brought Roche to our attention. We are looking at entry when the market opens.
LSE:0QQ6Long
by Candles254
Nordic SemiconductorHistory and Growth: 1. Founded in 1983: This makes them one of the pioneers in the wireless semiconductor industry. 2. Fabless Model: Nordic Semiconductor doesn't have its fabrication plants, focusing instead on design and development. 3. Global Reach: Headquartered in Trondheim, Norway, they have offices worldwide and sell their products in over 100 countries. 4. Rapid Growth: In the past 5 years, their annual revenue has more than doubled, reaching over $1 billion in 2022. Nordic Semiconductor has a diverse range of clients across many industries, though some of the most prominent include: Tech giants: 1. Apple 2. Samsung 3. Google 4. Amazon 5. Microsoft Consumer Electronics: 1. Bose 2. Sony 3. Garmin 4. Jabra 5. Logitech Healthcare: 1. Philips 2. Medtronic 3. Abbott Laboratories 4. BD 5. Johnson & Johnson Industrial: 1. ABB 2. Siemens 3. Bosch 4. Honeywell 5. GE Sports & Fitness: 1. Polar 2. Garmin 3. Fitbit 4. Suunto 5. Adidas Other industries: 1. Automotive 2. Agriculture 3. Retail 4. Security 5. Smart Homes Additionally, Nordic Semiconductor has partnerships with several leading design and solution partners, such as: 1. CA Engineering 2. Indesign 3. Sigma Connectivity 4. Shenzhen Minew Technologies Co. Ltd. 5. Meshtech 6. NORBIT 7. Telenor ASA Nordic Semiconductor is a solid company serving an important segment in the tech industry. The stock had the largest buy volume in its history in November, signaling an interest in investors at the November lows as the general tech industry saw a rally in their stock prices. We will be adding Nordic Semiconductor to our portfolio.
LSIN:0FF9Long
by Candles254
1
Fresnillo 250% upside minimumThe major Elliot Wave pattern suggests price will reach all time highs in the next gold bull market / cycle. I believe it is due and Fresnillo has probably bottomed. There is a chance we could continue to have a few more weeks of weakness in Gold and Silver prices which is likely to send Fresnillo a little lower first but I think we are close enough to a bottom now that it is not worth the risk of that not happening. I think it is a good opportunity to sell some stocks and buy Gold and Silver mining companies, it offers a lot of portfolio protection when the stock market crashes which is a good possibility to happen with 24months.
LSE:FRESLong
by TipsOfPips
Is Petrofac finally putting in its low? PFCPetrofac, a global oilfield services provider, has recently faced challenges reflected in its balance sheet problems, causing a significant decline in its share price. However, for savvy investors, this downturn may present a compelling risk-to-reward entry point. The company's strategic moves to address its financial issues and reposition itself in the market could be indicative of a potential turnaround. Investors may see this as an opportune moment to capitalize, anticipating a rebound as the company implements corrective measures and adapts to industry dynamics. Its price to sales is extremely low at 0.04 Its expanding its work force to deal with its strong order book. The price has bounced and appears to be turning at the 62% retrace. Trendchanges and its author are not registered financial advisors. Everything that is documented by Trendchanges and its author within the news letter or online should be interpreted as market commentary and not as investment advise or instructions to buy or sell any financial asset. Trading and investing carries risk and you should fully understand the risks involved. Its recommended that you confer with an independent financial advisor who can assess the risks for your own financial situation. This is important as trading can result in the complete loss of your capital. If trading on margin losses can exceed your original deposit. Trendchanges and its author will not accept any liability for any losses resulting from the use of the material presented if readers do decide to take action as a result of information communicated in the newsletter or online. Although every effort is made to insure the accuracy of the information contained within this publication, Trendchanges and its author does not guarantee the accuracy of the information, either from the content within or from any external third part links which my be used. Past trading performance is not an indication or guarantee of future results.
LSE:PFCLong
by trendchanges
1