Top Picks from FTSE 100 To Keep A Track on for the Month of July 2020

  • Jul 04, 2020 BST
  • Team Kalkine
Top Picks from FTSE 100 To Keep A Track on for the Month of July 2020

Summary

  • The month of May and June witnessed pick-up in the economy as well as the share markets
  • Homeserve Plc declared a dividend of 17.80 pence to be given in August this year despite going through the difficult conditions
  • Compass Group Plc continued to trade during the lockdown with as much as 50 per cent of its operational capacity

The month of May and June 2020 have been important for the British economy as it saw business activity picking up in the country after seven weeks of lockdown. During this period, several companies have performed well, and consequently, their share prices gained handsomely on the London Stock Exchange. Below is a list of some companies which have given a good return over the past two months and may continue the momentum in the coming months as well, with signs of the economy gradually returning to normalcy.

  1. Experian Plc –  (LON: EXPN) The company works in the field of credit evaluation and does the credit reporting both for individuals as well as for businesses. The company’s services have been much in demand in the past few months, and in its results declared last month, the company has reported a revenue jump of 6.5 per cent. The shares of the company have gained nearly 3.1 per cent in trading since the beginning of this month.
  2. Just Eat Takeaway.com N.V. – (LON: JET) Just Eat Takeaway.com is one of those few companies that did extremely well during the lockdown. It was amongst those few food and beverage companies that kept serving people who could not come out of their houses to buy provisions or did not have the means to cook for themselves. The company last month announced the acquisition of Grubhub, an American food delivery company, having a significant user base in the United States of America. The move is being seen favourably by the market and the shares of the company have been rising ever since. Since the beginning of this month, the shares of the company have gained nearly 2.5 per cent.
  3. Fresnillo Plc – (LON: FRES) The company is a gold and silver producing company. During the past few months when the pandemic has shut down more than half of the world, the demand for bullion has also skyrocketed. It is expected that the demand for both precious metals will continue to rise in the near future. The shares of the company have given a good performance in the past few months on the London Stock Exchange. Since the beginning of July, the shares have gained nearly 1.44 per cent.
  4. Homeserve Plc – (LON: HSV) Homeserve is one company that has declared a dividend of 17.80 pence to be given in August this year despite going through the difficult lockdown period. The company has a strong and resilient business, and it is expected that the company will continue to perform well due to its inherited fundamental strengths.
  5. JD Sports Fashion Plc – ( LON: JD) The shares of JD Sports Fashion have been rallying on the London Stock Exchange after it appointed administrators for its Go Outdoors chain of stores and started taking adequate measures to protect the whole group from creditor actions. Since the second phase of opening of the lockdown, sale of non-essential merchandise has increased significantly, both in the online mode and offline mode, which will continue to provide strength to the bottom-line of the company. Since the beginning of the month, the shares of the company have gained nearly 4 per cent on the London Stock Exchange.
  6. Compass Group Plc – (LON:CPG) Compass group is a British contract foodservice company. It has continued to trade during the lockdown with as much as 50 per cent of its operational capacity. After the lockdown opened, the demand for its services has risen along with the performance of its shares on the London stock exchange. Since the beginning of July, the shares of the company have gained 3 per cent in its trading.
  7. Mondi Plc – (LON: MNDI) The demand for packaging materials has increased significantly in the past few months as more and more people prefer merchandise to be delivered at their doorsteps. This has significantly increased the demand for packaging materials produced by Mondi, and in the months to come, the demand is only going to get higher.
  8. Bunzl Plc – (LON: BNZL) The company’s cleaning and hygiene products division has seen a massive jump during the past few months mostly from healthcare providers. Last month the company had stated that it expects its revenues to jump by up to six per cent when it releases its half-yearly results despite the pandemic affecting its other divisions. It is expected that the company’s cleaning and hygiene products division will continue to garner more revenues, while its other divisions also start functioning after the unlocking.
  9. Whitbread Plc – (LON: JD) The company is one of the largest travel and tour operators in the United Kingdom. The shares of the company have been rallying on the London stock exchange ever since the government eased restrictions on foreign travel. With the threat of compulsory quarantine for fourteen days for travelers been eased, a massive surge in demand for holiday travel has been witnessed in the United Kingdom. It is expected that the company will continue to perform well in the months to come as demand for holidays further pick up.

The above ten companies are only indicative, and there are also a number of other companies which could perform well in the near future. The strong pickup of business activity of these companies, however, has been eye-catching and they are worth looking for.

 

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