THE TIPSTER
ARM Holdings had a cracking start to the year with the company’s share price racing ahead. Signs of a global economic recovery and an increase in corporate spending on technology is helping the sector. But with the share price trading at the top end of analyst estimates, Tuesday’s interims could be the trigger for profit taking. The current IG Index price on ARM Holdings is 351.25p-352.05p.
BP, the beleaguered oil giant, releases its interim second quarter results on Tuesday. Having barely been out of the news since 20 April, when the Deepwater Horizon oil well exploded, the oil company’s dirty laundry has been hanging out for all to see. With the US government flexing its muscles in response to the spill, there doesn’t seem to be much for the company to be optimistic about. Cantor Index offers a spread of 401.75p-402.1p.
Banking stocks have struggled to gain any traction recently. But now that the stress tests are out of the way that could be the catalyst to drive stocks higher. Barclays is well placed to benefit from any upswing. Capital Spreads quotes 301.5p-302.0p.
Game Group releases its year-end results tomorrow. After weak sales in the first half of 2009, investors will want to see if the Christmas period helped to boost revenue. Cantor Index offers a spread of 385p-400p.