SGGEF - Librarian Capital's Monthly Top Buys And Price Moves - November 2020
- November was one of the best months for equity markets on record; our average Buy-rated stock gained 12.9% (in local currency).
- Tobacco stocks continued to miss out on the wider market rally, although an end to the COVID-19 outbreak should be positive for most of them.
- Hargreaves Lansdown shares rose 19% but then lost most of this gain after a co-founder sold another £107m of shares; they remain a bargain.
- After large price gains, U.S. banks, spirits companies and beauty companies all see forecasted annualized returns having fallen below 10%.
- Neutral-rated Imperial Brands and Sage Group each reported results and had price moves that we believe continue to validate our caution.
For further details see:
Librarian Capital's Monthly Top Buys And Price Moves - November 2020