Research Report: Q3 2017 Investment Themes

Q3 2017 Investment Themes

Q3 2017 Investment Themes

Further US interest rate hikes, inflation, consumer confidence, exchange rates, China, commodity prices, central banks policies notwithstanding the UK political and economic backdrop, the start of the Brexit negotiations and German federal election in September are all likely to continue to dominate stock market sentiment as we start H2 2017. Reflecting this backdrop we have again looked at stock ideas on a quarterly basis. Q2 2017 performance of the stock list saw an average price gain of +2.99% compared to the FTSE All Share Index of +0.79% with performance led by Watkin Jones and Somero being the laggard. Ideas for Q3 include Watkin Jones and Accrol (retained), Prudential, Hill & Smith, Henry Boot, Costain, Renold, MJ Gleeson, GB Group and Young's. Excluded are Legal & General, RPC, Wincanton, Xafinity, 4imprint, Dotdigital and Somero.