The Pinstriped punter: EasyJet’s flying high, but Apple looks about to drop
Money won is twice as sweet as money earned, and our man has been swimming in honey recently. Luckily he’s willing to share his hunches...
Russell Lynch14 October 2014
- EasyJet’s been kind to the coffers after recommending buying the shares at £11.50 in May last year. Chief executive Carolyn McCall’s done a great job since then. Those who cashed out with the Punter in April near the £18.52 peak did very well. Now I’m getting back in. EasyJet’s dividend is looking healthy and it’s increasing its fleet, which should be more than enough to see off that vulgar chappie Mr O’Leary at Ryanair, whose newfound interest in customer service looks belated at best. Buy Spreadex’s current 1488.5- 1493.5 spread. Chocks away!
- Yawn. I’m getting bored of Apple. Sleek design and crisp lines may have been good enough a few years ago but the shares are trading near all-time highs and looking a little rich for my taste. The drones have been queuing up for their iPhone 6, but frankly they’d queue for Fido’s leftovers if it came with an Apple logo. The Punter is worried about software glitches and the apparent bendiness of the new phone. And as for the iWatch, well — sorry — I just can’t see it. I’ll stick with my Patek Philippe thanks. I’m betting this company is running out of ideas. Sell Apple on CMC Market’s spread, currently 99.56-99.61.
- The Punter would never be seen in the stores but Tesco’s shares have been kind to the Punter in recent years: the last time we had a dabble we made a small profit. The new boss, “Drastic” Dave Lewis, has got a major job on his hands here, no question, but collapse in the share price since June has persuaded me to call the bottom. The divi has been cut, and so has capital spending, giving our Dave a decent war chest to go out there and grab some share. Newcastle United owner and Sports Direct founder Mike Ashley is betting on a Tesco recovery and so am I. Buy ETX’s spread of 175.66-176.04.
- Gold did well as a safe haven in the financial crisis but it has been tumbling of late, down nearly 40 per cent since its 2011 peak. My big punt is that the trend will continue. Despite the ongoing ruckus in Ukraine and the Middle East, why would you want to be in gold? Interest rates will be heading upwards in the UK and US probably by the middle of next year, which is very bad news for those holding the shiny stuff. Why park your cash in something that just sits there looking pretty? Sell gold on Valutrades’ spread of $1193.85-1194.40.
For more information on CMC Markets: http://www.cmcmarkets.co.uk/en
