User:Moonraker/FSN

23 November 2023

John Butler, "Six stocks to watch in 2024"

In Southbank Wealth Advantage there is a defensive, “Slowdown”-specified portfolio of 15 FTSE 100 companies, but foreseeing a rotation into a full-blown “Recession”-specified portfolio in the coming weeks. All Southbank contributors were asked to select one stock not currently on their buy lists that could be a strong outperformer next year.

1. James Allen, Editor, Strategic Energy Alert, Small Cap Investigator and Revolutionary Trend Investor: Verbund (AT: VER), Austria’s largest hydroelectric power generator.
2. Nick Hubble, Editor, The Fleet Street Letter and Fortune & Freedom: BWX Technologies (NYSE:BWXT), the nuclear power sector company most likely to benefit from a nuclear power renaissance in 2024.
3. Eoin Treacy, Investment Director, The Fleet Street Letter, Trigger Point Trader and Reflex Trader: Liontrust Asset Management, with a dividend yield of 11.95%, and with downward pressure ahead of the closing of the GAM acquisition, but well positioned to profit in a recovery for the asset management business.
4. Sam Volkering, Editor, Revolutionary Trend Investor, Small Cap Investigator and AI Collision: Texas Instruments (NASDAQ:TXN) just began to build a new $11 billion semiconductor fabrication plant in Utah, adding to its growing fabrication portfolio in Texas and Utah.
5. John Butler, Investment Director, Southbank Wealth Advantage: In Southbank Wealth Advantage there is an allocation to two FTSE 100 mining companies which produce a range of base metals essential for a net zero transition. They have historically low valuations and high dividend yields. Fresnillo (LSE:FRES) is a miner primarily of precious metals, the world’s largest silver miner, also producing gold, lead and zinc, operations concentrated in Mexico. This is the single worst-performer in the FTSE 100 index this year, down by nearly 40% and at around a ten-year low. An awful performer, even at the current low its yield is only 2.19%. But many factors could help to turn it around, including a rise in the silver price.
6. Kit Winder, Contributor: RealReal Inc is an American company in the luxury goods business, an online marketplace for second-hand luxury goods – like eBay for LVMH, with a subscription. It opened at around $30 per share after pricing the IPO at $20, still $28/29 as late as Feb 2021. Now at $2.23, a former stock market darling, down 90% in two years, driven by heavy losses and a massive scandal – both of which are being improved on and consigned to history.

Links

• Nick Hubble, Threat Zero (2023)
• Go woke, go broke: the one net zero stock to avoid at all costs Southbank, Fleet Street Letter report 19 October 2023 [namely, do not invest in JinkoSolar]