SHARES in Dominos Pizza tumbled below 500p on Friday. However, spread betters have been in a largely positive mood ahead of the firm’s results on Wednesday. The long-term trend has been upwards for the firm over the past year, as penny-pinching Britons shun meals out for takeaway pizzas at home. Traders were anticipating longer-term gains to help push shares back towards highs at the start of 2011, which came close to 590p. Now might be the time to get a slice of the action. Spreadex quotes Dominos Pizza at 496.2p-500.8p.
News and media organisation Daily Mail and General Trust is releasing figures to the market tomorrow. Traders may have been expecting poor results as its share price has been on the gradual decline for some time now. Barclays has also just downgraded the stock from overweight to equal weight. This could say a lot for what we should expect on results day. Capital Spreads quotes 341.0p-342.3p.
Gold has seen one of the most incredible bull runs of recent times, having hit new record high after record high. Recently, however, the sell off in risk assets has seen a downside move in gold prices as investors sell their long positions in the safe haven in order to cover losses elsewhere. But many remain bullish and believe that this recent weakness is a buying opportunity. Capital Spreads offers a spread of four basis points on spot gold.
Financial services firm Close Brothers reports earnings on Tuesday, with its shares balancing on important support in the 640p-660p area. The shares have lost 25 per cent in value in 2011 and retraced 50 per cent of their gains from the lows of 400p in 2009 to the highs of January this year. 640p is an important level to watch as a break could see the shares head towards 580p. Spread Co quotes 663.03p-665.53p.