Weekly Trader and Bond Markets 08.07.2024- Cairn Homes, Visa & DCC

08.07.2024



Opportunities this week:

  • Following Cairn Homes’ strong H1 trading statement last week which served as a reminder that its impressive earnings growth is likely to continue in the years to come, we reiterate our BUY on the stock. (BUY PT: €2)
  • Since mid-March 2024 Visa, along with the Digital Payment space, has seen a relative underperformance compared to the S&P 500. We see this as an opportunity to add exposure to the stock. (BUY PT: $302)
  • Ahead of DCC’s AGM next Thursday, where there is nothing contentious on the proxy form, we reiterate our Buy recommendation with an updated price target of £72.50, up from £71.00. (BUY PT: £72.50)