THE TIPSTER
HAVING lost 98 per cent of their value over the last four years, shares in directory listings company Yell are clearly struggling. The landscape has shifted beyond recognition as online search services proliferate and there is little reason to expect any fundamental change. With earnings due for release on Tuesday of next week, any insights as to where the company intends to go next will be keenly awaited by the investment community. IG Index quotes a price of 10.72p-10.88p.
WorldSpreads is now offering a platform to trade the gap between Brent Crude and West Texas Intermediate (WTI) crude oil. The spread has grown to $14.45-$14.50. With the current uncertainty in Middle East countries showing no sign of calming down this may be an area for investors look to.
Domino’s Pizza releases its latest earnings tomorrow with analysts expecting another positive update. The upside has been held in check for two weeks now by the 50-day moving average, but any dips to the 515p level should be used as a buying opportunity. A break above 545p could see the price head towards its 580p high. Spread Co offers a spread on Dominos Pizza of 531.1p–532.4p.
It’s also a big week for sterling this week in the wake of last week’s Bank of England (BoE) rate meeting. We have the CPI figures as well as the BoE quarterly inflation report, which could well ratchet up the pressure for an increase in interest rates. Sterling could well endure some significant volatility. The CMC Markets spread on sterling-dollar is $1.59755-$1.5978.
Advertising and marketing group WPP is trading near its 52-week high as it forced its way through the critical 800p resistance level. On the technical side, as long as 796p remains a support level, the stock could see further upside. Talk of further expansion abroad by CEO Martin Sorrell – and the recent purchase of a stake in Mindshare South Africa – should also help. Capital Spreads quotes a price of 818.5p–820.5p.