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Momentum stock screen, political fallout, WPP’s crown slips, US tech sector & more

IC Daily email update
June 15, 2017

In his Stock Screen this week Algy Hall revisits his momentum strategy which now has a decade-long track record. Notably the quarterly reshuffle coincided almost exactly with the surprise general election result. See which companies Algy’s strategy has identified this time around.

Meanwhile, Mark Robinson has looked at the election effect and what a hung parliament could mean for equity market performance based on the few periods we have seen such an election outcome in the past.

Elsewhere Megan Boxall reports on the rather sudden slip in the crown of the US tech sector and has also written a News Spotlight on the plethora of challenges facing WPP Group which have prompted us to downgrade our previously positive stance on the media giant. Harriet Russell has also had a look at struggling collectibles group Stanley Gibbons, which has recently hoisted the for sale sign on its business.

Don’t forget to listen in to our latest special podcast, focusing on whether we are reaching the peak of the credit cycle and the economy is set for a lurch southwards, something suggested by a profit warning from furniture group DFS today – see our News and Tips update below for more.