HMV Group suffered heavy losses in their share price at the end of last week following a drop in sales reported on Thursday. But with their busiest period just upon us, and a slow start to Christmas trading due to bad weather, the stock could have been oversold. The rise in VAT will affect them too, as people may begin to stock up on goods ahead of the price hike. Cantor Index offers a spread on HMV of 3,445p–3,480p.
The German tour operator TUI has figures out tomorrow and it might be worth seeing if they can break above the previous high set at the end of September, especially given the encouraging results already out in the tourism sector. WorldSpreads offers a €9.05–€9.25 spread on TUI on the German exchange.
Carpetright report their latest interim results on Tuesday with their share price looking very interesting from a technical point of view. The recent rally from the 685p level has taken it through not only the 100-day moving average at 739p, but also the 200-day moving average at 763p. A decent set of results could well see Carpetright take off from this footing towards the 800p level, with 850p a target in early 2011. Spread Co offers a spread on Carpetright of 762p–773p.