Mobile phone giant Vodafone may have been on the asset disposal path of late, but the accompanying impact on income could lead to a rather mixed reception for this week’s interim earnings. Uncertainty over the global economic outlook is also weighing, but many analysts are dialling up bullish target prices for the stock. If Vodafone can continue to leverage the smartphone market, then the future may well be bright, even if it’s not orange. IG Index quotes 174.4p-174.8p.
This week sees the release of the latest trading update from Lloyds Banking Group after RBS’s better than expected results last week. Markets will be hoping for a similarly robust performance despite the uncertainty surrounding the health of the CEO. CMC Markets offers a quote of 28.434p-28.473p.
Associated British Foods updates the markets tomorrow. Its shares popped above strong resistance on Friday at the 1,100p level. The 100-day moving average is strong support at 1,073p, so it might be a good play to buy on any dips back around 1,100p, with a stop-loss around 1,055p. Spread Co offers a spread of 1,123.2p-1,125.5p.
The telecommunications world has been shaken up over recent years with competition being upped by the likes of Apple, HTC and Google. And with the recent record-breaking sales of the iPhone 4S, will Carphone Warehouse be able to defy the bearish chart watchers out there when they bring their earnings release to the public eye tomorrow? Capital Spreads quotes a price of 342.5p-345.0p.