Manoj Ladwa, Partner at TJM Partners joins the Tip TV Finance Studio for the first time in the post-Brexit world to talk about the pound, commodity stocks in the UK, oil markets, and his favoured pick – Centrica (LON:CNA).
Key points
“Recovery in pound could trigger correction in some of the out-performers in the post-Brexit vote period.”
“Commodity stock rally is not supported by strong fundamentals as China is still under pressure. Oil is unlikely to move above $50 anytime soon.”
“The currency aspect (weak pound) is helping, but there is a certain amount of exuberance in the markets.”
“More UK data representing post-Brexit vote period due over the next few weeks, FTSE 250 could feel the heat.”
“Long-term value in Centrica as sharp price has breached long-term falling trend line and the company pays attractive dividend as well.”