Online Stock Trades - Two Share Tips for 2008
Stock Market News
Zak Mir, a well-respected chartist in the UK, has just recommended Standard Chartered bank (STAN),which has a lot of dealings with the Far East as a buy for 2008, arguing that it should avoid the worst effects of the continuing credit crunch, plus speculation of a Chinese stake should support the stock 'over and above trading fundamentals'. He has put a target of 2,050p on it, current price 1850p.
A Small Cap Tip
Over at Smallcapshares they recommend Carclo (CAR) as a small cap for 2008. Carclo supplies technical plastics components worldwide
The chart looks a bit grim but they argue the shares are oversold
10 year chart
3 month candlestick chart
The company is expected to post revenues of £80 million in 2008 and £81.5 million in 2009. Growth prospects for the medical and LED areas make these forecasts conservative and the CIT division has not been reflected in these estimates, this could increase earnings significantly.
With a current year multiple of 10.5 times earnings falling to 9.6 times in 2009, they argue this is good value and they see both short term and long term upside.
Standard Chartered
Carclo
Share Tips
Zak Mir
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