News Formal

Wall Street banks name UK stocks to watch as Brits head to the polls

  • 📰 CNBC
  • ⏱ Reading Time:
  • 21 sec. here
  • 17 min. at publisher
  • 📊 Quality Score:
  • News: 64%
  • Publisher: 72%

FTSE 100 News

FTSE 250 Index,Genuit Group PLC,Howden Joinery Group PLC

RBC has drawn parallels between current market performance and that of a prior general election.

Just as U.K. politicians standing for elections will win or lose on election day Thursday, some stocks are also destined for a similar fate soon afterward. Analysts at RBC Capital Markets say there are parallels between current market performance and that of the 1997 election — the last time the U.K. transitioned from a Conservative to a Labour government.

Genuit , Howden , and Travis Perkins were highlighted in the Building Materials sector, while Taylor Wimpey and Vistry were flagged in the homebuilders category. AFC Energy and ITM Power , two companies in the clean hydrogen production sector, are also expected to be net beneficiaries. Citi's analyst Ami Galla also expects the housing sector to be potentially impacted by the General Election results.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Trader Answers Stock Market Questions From TwitterFormer Wall Street stock trader Lance Breitstein answers your most asked stock market questions from Twitter.
Source: WIRED - 🏆 555. / 51 Read more »

Stock market today: Most of Wall Street rises, but Nvidia tumbles again as AI mania coolsAnother slide for Wall Street heavyweight Nvidia kept U.S. indexes mixed, even as the majority of stocks rallied.
Source: latimes - 🏆 11. / 82 Read more »

Stock market today: Asian shares lower after Wall Street closes another winning weekAsian shares are mostly lower after U.S. stocks coasted to the close of their latest winning week on Friday, even as Nvidia’s stock cooled further from its startling, supernova run.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian shares lower after Wall Street closes another winning weekAsian shares are mostly lower after U.S. stocks coasted to the close of their latest winning week on Friday, even as Nvidia’s stock cooled further from its startling, supernova run.
Source: ksatnews - 🏆 442. / 53 Read more »