GREGGS, the bakery chain, has had stellar sales during the economic downturn, as their good value products have appealed to price-conscious consumers. Greggs announces its results later this week, and they should show strong profit growth. IG Index offers a June spread of 419.24p-424.24p.
ARM Holdings has seen its share price rise steeply since the start of the year, fuelled by speculation that technology produced by the company will be used by the latest generation of smart phones. Although ARM Holdings is a good quality stock it is looking over-priced at nearly 30 times earnings. IG Index offers a quote for the June contract of 226.41p-228.43p.
The silver price has risen strongly since the beginning of February when it hit five-month lows, and fell to below $15 an ounce. The metal was trading at $17.20 on Friday, still some way off its year highs of $19.42, reached in December. There could be more gains to come. ShortsandLongs.com has a silver daily May contract with a spread of 1,719$c-1,720$c.
Trading updates from the UK’s biggest retailers have been better than expected recently. WM Morrison, Home Retail Group and John Lewis all reported strong trading figures. Retailers have performed spectacularly well during the recession and Debenhams’ update, due on Tuesday, is expected to show more of the same. After it looked like it might go bust back in 2008, the high street department store has seen a revival of its fortunes. Capital Spreads offers a price of 70.7p-71.0p.
There could be more gains for the Vodafone share price after it broke through its long-term resistance level of 147p last week. This bodes well for further price gains. It is now trading at 151p, and if you see the share price fall back to 148p-149p then it is worth buying the phone company. Look for a profit target of 159p, with a stop just below the 147p price level. WorldSpreads offers a spread 151.59p-151.61p.