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Highlights
- The global stock market could see a correction by the end of this year as per the latest survey by Deutsche Bank.
- Market experts believe a new variant of Covid-19 that evades vaccine can be the biggest concern, leading to a market decline.
The stock markets across the globe have almost doubled since the last major decline of March 2020. There has been a consistent rise in most of the markets across the globe, and many stocks have delivered unexpected higher returns in a short span of time.
However, as per the latest survey conducted by the Deutsche Bank, the global stock market could see a correction by the end of this year. As per the survey of 550 market professionals, 58% expect a market correction of 5% to 10%, while around 10% investors believe correction could be even more than 10%.
However, 31% of the market experts still believe the bull run to continue without any major correction. Market experts believe a new variant of Covid-19, that evades vaccine as the biggest concern that could lead to a market decline.
UK Blue-chip index FTSE 100 is up by 7.56% year to date, while mid-cap focused FTSE250 is up by 15.77%. There has been a muted recovery in the UK markets compared to other global markets, and the case being expected by the Deutsche Bank survey may not be fully true for the UK markets as there have been no major frenzied buying with signs of recovery.
Let us look at 5 FTSE listed stocks that could be a good buy opportunity from a long-term perspective:
Greatland Gold Plc (LON: GGP)
The company focuses on the exploration and production of precious and industrial metals. It has a major mining project in Australia.
The company’s stock trades near its 52-week low of GBX 15.80. The rise in the base metals and gold prices in the global market could continue to support the company’s revenue. Also, the new growth drilling program at the Havieron gold-copper mining project supports the potential for resource expansion at the mining project.
Greatland Gold Plc currently trades at GBX 18.05, up by 0.28% on 14 September 2021 at 9:20 am GMT+1 with a market cap of £713.62 million.
Glencore Plc (LON: GLEN)
The company operates as a diversified natural resource company, which explores and produces over 90 metals through its 150 mining projects located at different regions.
The company operates in the exploration of different base metals and is not dependent on a single commodity for its revenue. Due to a consistent rise in the base metal prices over the last six months, the company reported a 32% rise in the revenue at USD 93,805 million and its adjusted EBITDA was USD 8,654 million, a rise of 79%. Also, the company has a consistent dividend payout for its shareholders; hence is also suitable for those investors who want regular dividend payout along with stock appreciation.
Glencore Plc currently trades at GBX 332.10, down by 2.30% on 14 September 2021 at 9:20 am GMT+1 with a market cap of £45,220 million.
Royal Mail Plc (LON: RMG)
The company operates postal and parcel services in different locations globally. In addition, it also engages in property holding activities and has operations across 40 countries.
The company’s revenue received a big boost during the pandemic times at its parcel and delivery services was in high demand and was used more frequently during the period. As a result, the company’s stock also traded upward and gave good returns to its shareholders. The company expects higher revenue and a growth trend to continue in the coming quarters as well.
Royal Mail Plc currently trades at GBX 493.10, up by 1.17% on 14 September 2021 at 9:20 am GMT+1 with a market cap of £4,874 million.
Diageo Plc (LON: DGE)
The company engages in the production and marketing of alcoholic beverages worldwide through various brands.
The company reported net sales of £12,733 million and operating profits of £3,731 million in the financial year ended 30 June 2021. The company’s revenue could continue to see an upswing in the upcoming quarters due to the higher consumption of alcoholic beverages.
Diageo Plc currently trades at GBX 3,506.50, down by 0.71% on 14 September 2021 at 9:20 am GMT+1 with a market cap of £82,410 million.
M&G Plc (LON: MNG)
M&G Plc is one of the leading savings and investment management companies in the United Kingdom. It serves individuals and institutional clients like pension funds.
The company saw a net inflow of £2.2 billion and a record level of £89.7 billion of assets under management during the six months ended 30 June 2021. The company’s business has been positively impacted due to the recent bull run in the stock market. Also, the company has set up M&G wealth management to serve the fast-growing market in the UK. The company has also acquired Sandringham Financial Partners, an independent financial advice company that will bring over £2.5 billion of assets under advice and boosts M&G Wealth's position in the UK savings and investment market.
M&G Plc currently trades at GBX 204.70, up by 0.15% on 14 September 2021 at 9:20 am GMT+1 with a market cap of £5,322 million.=
