Share tip of the week: climb on board this transport company
With the bulls back in the saddle, the FTSE 100 has recovered its poise and is up over 10% from its 5,414 low in March, based partly on sheer relief that the financial system didn’t collapse after the Bear Stearns fiasco. But I’m remaining cautious: there’s a danger the City is getting ahead of itself with so many uncertainties still hanging over the economy. For example, US analysts expect S&P 500 firms to grow earnings by 10% in 2008, even after a 15% decline in the first quarter. That assumes a slight loss for the second quarter, solid growth in the third and a blockbuster fourth. This looks a big ask, which suggests the recent rally could be a false dawn.
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Sir Antony Jay
"I started with £3,000 and have doubled it to date, using a combination of tips in the 'at a glance' section." Fred McKenzie
"If you are a serious investor, you should be reading MoneyWeek." Rupert Foster, Chief Executive, FM Capital Management
"I bought into four European emerging markets funds following general info from your magazine, and so far I have achieved 25% gains." K Murphy, London
"Money Week encouraged me to go 100% oil, and I have gone £38K to £62K in a year." Garry Morrow, N Ireland
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