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The below stocks have been identified as having potential to register bigger than normal share price moves (up or down) today based on the news cited
Anglo American (AAL), BHP Billiton (BLT), Fresnillo (FRES), Glencore (GLEN), Randgold Resources (RRS), Vedanta (VED), Rio-Tinto (RIO), - Profits earned by Chinese industrial companies rose 11.1% in March yoy, adding to signs that the country's economic slowdown may be bottoming out. - Closing prices 667.20p, 926.80p, 1065.00p, 152.00p, 6300.00p, 408.40p, 2225.00p (Reuters)
Arm Holdings (ARM) –Lower-priced iPhones contributed to a significant shortfall for Apple in its latest quarterly earnings compared with expectations. It reported its first revenue decline in 13 years and added to concerns among investors the company will find it hard to return to solid growth as the smartphone market matures, Arm supply Apple and Sanmsung with components for their Technology to a large extent. Closing price 927.50p (Reuters)
Barclays (BARC) - Reported a worse than expected 33% slump in pretax profits for Q1, profits fell to £793m just below the average forecast of £846m from analysts polled by the company, a 7% fall. Closing price 173.95p (Reuters)
Croda (CRDA) – Profit growth of £306.8m up7.7% up to in Q1, compared to a year earlier of £284m, which was in line with our expectations. Company is confident in forward progress. Closing price 2999.00p (Reuters)
For more information on any of these individual news items, call into the trading floor
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Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance. Prepared by Michael van Dulken, Head of Research