Wall Street banks name UK stocks to watch as Brits head to the polls
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 03 2024
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Source: CNBC
- Market Performance and UK Elections: Analysts at RBC Capital Markets draw parallels between current market performance and the 1997 UK election, suggesting a positive correlation with potential strong future periods.
- FTSE 100 and FTSE 250: The FTSE 100 has shown robust pre-election performance in 2024, while the FTSE 250, typically sensitive to domestic conditions, has also demonstrated growth mirroring the FTSE 100.
- Sectors and Stocks Impact: Certain sectors and stocks like Genuit, Howden, Travis Perkins, Taylor Wimpey, Vistry, AFC Energy, and ITM Power are expected to be significantly impacted by a Labour victory in the UK elections.
- Housing Sector Expectations: Analysts anticipate impacts on the housing sector due to potential reforms promised by Labour, with companies like Barratt, Persimmon, and Taylor Wimpey likely to benefit from these changes.
- Downside Risks Under Labour Government: RBC warns that certain stocks, including Technip Energies, ASOS, boohoo Group, Zalando, AJ Bell, Rathbones, St. James's Place, and Berkeley, may face challenges under a Labour government.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
