HSS, Carnival, Cardfactory, Petrofac: 4 FTSE investment ideas for the day

Highlights 

  • UK government decision to remove most of the restrictions has met with a positive response from the investors as the stock market continues to perform well.
  • Although the UK continues to report coronavirus cases, the rate of hospitalisation is lower due to a successful vaccination program.
  • Carnival, Cardfactory, Petrofac, HSS Hire Group are some of the FTSE stocks likely to be in limelight.

UK stock market has performed well and given positive returns following the lifting of complete restrictions on 19 July. The benchmark index FTSE100 has trended higher in the last one month, which signals that the UK government decision to remove most of the restrictions has met with a positive response from the investment community.

Though, after easing restrictions, the UK continues to report coronavirus cases, but the rate of hospitalisation and number of deaths remains low because of successful vaccination programs. As per the latest data from Public Health England and Cambridge University, vaccination has prevented 23.9 million infections in England, and 95,200 lives have been saved and averted around 82,100 hospital admission.

Let us look at 4 FTSE listed stocks that should be on investors buy radar:

Carnival Plc (LON: CCL)

FTSE250 listed company operates a fleet of over 100 cruise ships covering all major tourist destinations. The company provides its services through different cruise ship brands and also owns resorts and hotels businesses.

Carnival Plc has resumed some of its operations in a phased manner. The company has earlier announced that it plans to resume operations in eight of its brand and anticipate that most of its cruise line will be operational by the end of the year. In addition, Carnival Plc plans to use wireless technology devices on its ships which will be provided by Dialog Semiconductor Plc. These devices will offer proximity-based services on-board.

Carnival Plc currently trades at GBX 1,510.40, up by 2.21% on 24 August 2021 at 8.45 am GMT+1 with a market cap of £2717.21 million.

Related Read: Carnival Plc, TUI AG & Global Ports: Has the time arrived to buy these Cruise Line stocks?

Card Factory Plc (LON: CARD)

The company operates in the retailing business of greeting cards and personalised gift items. It provides greeting cards for different occasions and has over 1,000 card factory stores, and also serves its customers through an online website.

The company has opened most of its stores after the lifting of restrictions. As a result, the company’s initial store sales performance is above the expectations with increased spend per transaction. The company reported £285.1 million in revenue in its preliminary results for the year ended 31 January 2021.

Card Factory Plc currently trades at GBX 65.80, down by 0.45% on 24 August 2021 at 8.45 am GMT+1 with a market cap of £225.97 million.

Petrofac Limited (LON: PFC)

The company provides engineering and construction related services to oil and gas exploration and production companies.

The company has an order book of USD 4 billion as of 31 May 2021, reflecting overall demand in the oil and gas sector. The company expects USD 3 billion in revenue for the full year 2021 and also has a pipeline of around USD 48 billion scheduled for award in the next 18 months.

Petrofac Limited currently trades at GBX 101.60, down by 0.29% on 24 August 2021 at 8.45 am GMT+1 with a market cap of £352.49 million.

HSS Hire Group Plc (LON: HSS)

The company provides the rental and leasing of tools and equipment. Rental related revenue forms the major part of the company’s revenue. It also provides financing services and serves clients from different industry groups.

The company’s cash collection remained strong during the first half of 2021, following a strong recovery in the rental segment. The company expects underlying revenue and EBITDA to be ahead of the comparable FY19 levels driven by digital platforms and partnering with builders merchants.

HSS Hire Group Plc currently trades at GBX 18.00, down by 1.37% on 23 August 2021 at 8.34 am GMT+1 with a market cap of £127.11 million.

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