Playing FTSE Almost A Building Sector Special!
Who’s winning 2-0? Find out on this week’s PlayingFTSE Show!
Steve W’s matched the S&P 500 this week and Steve D’s not far behind. Despite some big movements, it’s all pretty tight in the stock market this week.
3i – one of the FTSE 100’s top performers – crashed at the end of the week. It’s been a bad year for private equity firms, but the company had been holding up well.
Steve W thinks he knows what’s going on. And it has less to do with the private equity theme than the ongoing retail theme of falling like-for-like sales growth…
Steve D’s been looking at Taylor Wimpey. The latest results look decent and the stock moved a little bit as a result, but there are probably bigger things going on for the firm.
The UK Budget is on the way and there’s plenty to focus on there. But is a 9% dividend yield part of the problem or something for investors to get excited about?
QXO is a stock most UK investors probably don’t have on their radars, but Steve W thinks they should. He’s got his eye on a 500% gain in the next 10 years.
The firm is planning to roll up the building materials industry and it has a CEO with a very impressive track record. There’s a lot of eggs in a basket called “Brad Jacobs”, though.
Tecnoglass has released its latest earnings and our resident shareholder - Steve D - is not impressed. Higher costs are weighing on margins and that’s not a good sign.
Should he cut bait with this one or wait around for a better environment? Steve W thinks it might still have some promise, but the big question is how long it takes to realise this.
Only on this week’s PlayingFTSE Podcast!
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► Timestamps:
0:00 INTRO & OUR WEEKS
7:50 3I
25:39 TAYLOR WIMPEY
50:41 QXO
1:04:18 TECNOGLASS
► Show Notes:
What’s been going on in the financial world and why should anyone care? Find out as we dive into the latest news and try to figure out what any of it means. We talk about stocks, markets, politics, and loads of other things in a way that’s accessible, light-hearted and (we hope) entertaining. For the people who know nothing, by the people who know even less. Enjoy
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This information is for entertainment purposes only and does not constitute financial advice. Always consult with a qualified financial professional before making any investment decisions.