The ability to add the ‘Top Stocks’ feature to any Lingo report will immediately identify those stocks in a portfolio, index or sector which currently rank highest in terms of positivity and negativity when analysing all the current market observables in OTAS.
At pixel time, Richemont appears highly positively ranked in the STOXX600, SMI Index and European Consumer Durables sector amongst others. Heres why……
Performance – Richemont shares have performed poorly YTD but began to outperform peers in the last week. Its is worth noting that this happened on an increasing 5 day volume trend (see Volume Stamp)
N.B – There was also unusually high volume yesterday with the stock outperforming the sector by +0.6%.
Valuation – Historically, the shares are now inexpensive vs industry on a P/E basis. Currently trading at sub 1x the sector, similar previous valuation lows have coincided with a positive inflection point for the shares. (OTAS ‘Stacked Graph’)
Dividend – The shares current 12m Fwd yield of 2.45% is high compared to the sector over the last 2 years and is over 2x covered by earnings and free cash flow.
Other OTAS observables:-
Director Dealings – A Level C Director has bought shares in the last month, our backtest shows that typically the shares are +3% & +12% over the next 1 month and 6 months repsectively.
Short Interest – The percentage of free float of Richemont shares on loan has decreased by 18% over the last week, with just 0.88% currently on loan.
Interested in seeing the ‘Top/Bottom 5’ ranked stocks in your Portfolio on your Lingo reports ? We can show you how – contact firstname.lastname@example.org