MoneyWeek share tips 2024 guide pulls together some of the best UK stocks from some of the top share tipsters around.
As well as the UK financial pages, we look at publications across the pond for investors who want to diversify their holdings internationally.
From investing in UK equities, European stocks, to finding the best performing stocks in the S&P 500 – here are our top share tips of the week.
This list is updated weekly on a Friday.
Share tips 2024: top picks of the week
FOUR TO BUY
- IAG (LON: IAG)
The Telegraph
British Airways’ parent company IAG’s strong financial performance, decreasing debt, and “dirt-cheap” valuation make it a compelling long-term investment. The positive first-quarter results, notably increased operating profits and passenger numbers, reflect improving conditions in the overall industry. With global demand from passengers on the rise and interest-rate cuts looming, IAG’s solid fundamentals and growth potential suggest significant progress. “Irrespective of any positive or negative personal feelings towards British Airways, IAG remains a worthwhile long-term investment.” 174p - Impax Environmental Markets (LON: IEM)
The Mail on Sunday
Impax invests in environmentally focused small and medium-sized firms, from hazardous waste treatment in the US to reusable pallets in Australia. It “combines green credentials with hard-nosed commercial nous”. It should benefit from increasing support for green initiatives from governments, investors, and consumers. Notable investments include DSM-Firmenich, which has created a digestion aid for cattle that reduces methane emissions. The shares are a “bargain”. 396p - Moneysupermarket (LON: MONY)
The Sunday Times
Moneysupermarket, which receives a fixed fee when a product is sold, has seen a decline in sales as car insurance premiums have stabilised. But slowing revenue streams are not new; the firm has been battered by volatile household energy bills, and the “gloom” seems priced in. The stock is on a low earnings multiple with a 6% dividend yield. The group has seen growth in its SuperSaveClub loyalty scheme and is broadening its market share through acquisitions and offering price-comparison services to third-party brands. It’s “good value.” 222p - CVS Group (LON: CVSG)
Shares
Veterinary services company CVS Group is being investigated by the Competition and Markets Authority for potential unfair practices in the pet care market. The regulator is concerned about high medicine prices and thinks large companies are hampering competition. Despite this, CVS’s shares rose following the announcement, suggesting that the market has priced in “most, if not all, the bad news”. With shares trading far below their 2021 peak and a low price/earnings (p/e) ratio, CVS presents an attractive opportunity for long-term investors. It aims to double earnings over the next five years through organic growth and acquisitions, particularly in Australia and the UK. CVS has a “strong record of growth” and is “conservatively financed.” 1,154p
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