UK and European banks are "in better shape than at any point" during the past 25 years, according to JPMorgan, and offer upside for investors.
Overall, shares in the European and UK banks have risen 8% so far in 2024, with NatWest Group PLC (LSE:NWG), Barclays PLC (LSE:BARC) and Lloyds Banking Group PLC (LSE:LLOY) in the top three in the year to date.
Bullish copper price scenarios have disappointed this year but UBS sees this as a case of a delay to something that will happen and the pure miners still have appeal for the medium term.
Prices have been subdued as smelters have stayed open and demand has not recovered as strongly as expected, but the long-term story remains intact argues the bank.
Retailers with good momentum still look capable of surprising on the earnings front says RBC, with JD Sports Fashion PLC (LSE:JD.) and Marks and Spencer Group PLC (LSE:MKS) two of the Canadian bank’s favourites.
Sentiment about M&S is buoyant, notes the bank, Last week’s digital presentation underlined its confidence while the sportswear trend. continues to boost JD Sports.
FanDuel, the US betting brand owned by Flutter Entertainment PLC (LSE:FLTR), continues to outperform its competitors in the US, according to the latest market readings, analysts at Jefferies said.
Shares in the Paddy Power and Betfair owner were well bid in London on Monday, with the stock adding 1.75% to 16,315p.
Burberry Group PLC (LSE:BRBY) shares continue their terminal decline with another 5% knocked off the British luxury label on Monday morning to test 15-year lows as a Barclays downgrade added to recent woes.
The fashion house, which at 571p per share is retracing to lows not seen since November 2009, has been confirmed as the only company to be relegated from the FTSE 100 at the next quarterly reshuffle on 23 September.