April 02, 2023

UK Recession CANCELLED & 2 NEW Stocks!

59 minutes

► Episode Notes:

How many pizzas can a robot make in an hour? Find out on this week’s PlayingFTSE Show!

Steve and Steve are in to see out the first quarter of 2023. We’re looking forward to the new ISA season and have some stocks on our radar.

But first, there’s been some news. No, really, there actually has – it feels like not much has happened this week (apart from more bank turbulence) but the Steves have stuff to discuss.

First: the recession in the UK is cancelled. Again. I know we said this before, but we mean it this time. Steve W’s been looking at the latest revised data from the Office for National Statistics and wondering about its significance for two of the FTSE 100’s worst-performing stocks over the last year – Persimmon and SEGRO.

Second: Morgan Stanley has released its top picks for investors focused on quality. The top three all come from unpromising sectors – a trucking company is #3 and a bank is #2. Top of the list, though, is one of Steve D’s very own stocks. What is it and why does it look like a winner?

After that, it’s the bit that everyone loves. It’s new ISA season in the UK coming soon and we’ve got stocks to look at. Steve D has found a company called Middleby. They’re an impressive-looking restaurant equipment stock. A very nice business model that looks a bit like Intuitive Surgical with a P/E ratio under 20.

Steve W is also looking at the catering space, but at a company involved in much more disposable products. He’s got his eye on Bunzl, a FTSE 100 distributor of recyclable grocery packaging, disposable cutlery, road cones and more. The company resembles Diploma – a FTSE 250 stock Steve likes – and it also curiously resembles Middleby…

All on this week’s PlayingFTSE Podcast!

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► Timestamps:

0:00 Intro

12:50 UK Recession Is Cancelled

23:25 Morgan Stanley’s Top 30 for 2025

33:06 Middleby

48:08 Bunzl

► Show Notes:

What’s been going on in the financial world and why should anyone care? Find out as we dive into the latest news and try to figure out what any of it means. We talk about stocks, markets, politics, and loads of other things in a way that’s accessible, light-hearted and (we hope) entertaining. For the people who know nothing, by the people who know even less. Enjoy

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