In its stock rankings calculated for July, Danel Capital said Royal Mail was among the five UK stocks most likely to outperform over the next 1-3 months, however jet engine maker Rolls Royce Holdings PLC (LON:RR.) topped the list followed by outsourcing group Capita PLC (LON:CPI) and luxury fashion firm Burberry Group PLC (LON:BRBY).
Other UK stocks included within the top ten were Cineworld Group PLC (LON:CINE), housebuilder Bellway PLC (LON:BWY), turnaround specialist Melrose Industries PLC (LON:MRO), shopping centre owner Hammerson PLC (LON:HMSO), chemicals group Johnson Matthey PLC (LON:JMAT) and electronics firm Electrocomponents PLC (LON:ECM).
The platform uses models to analyse over 10,000 daily features per stock based on over 900 fundamental, technical, and sentiment indicators each day.
If the AI’s predictions prove correct, it will be a continuation of form for Royal Mail, which so far this year has surged 71% in value on the back of a turnaround in the delivery group’s fortunes thanks to the pandemic-driven boom in online shopping deliveries.
Shares in Royal Mail were flat at 579.2p in lunchtime trading on Monday.