Tim Harrison, Head of Wealth Management at Linear Investments joins Tip TV’s Zak Mir to discuss the stock picks for the week – Burberry and Asos.
Key points:
Burberry -
Rallied 50% since Brexit mainly due to Sterling slide. Like the company… not much interest personally
Fundamentally company is on a much strong footing. Benefits from the foreign inflow of money
Vulnerable to a dramatic fall if there is a slight bearish sentiment in the results due for release tomorrow
Asos -
Smaller version of Amazon…focused on clothing
Large portion of revenue comes from outside, hence we could see a positive set of figures (earnings), but caution is advised since it is a thinly traded stock