9 November 2017: Worth Shorting the UK Retail Sector?This week we’ve seen:
If you trade UK stocks then take a look at the next FTSE 350 retail firms to report.
It might be worth a small short or perhaps small shorts on a couple of stocks to even things out.
Of course, before spread betting, take a look at the current price compared to the share price of 1-2 weeks ago.
The rest of the sector could easily have dragged the shares down already.
Having said that, that logic didn’t apply to the latest firms to report, i.e. Burberry and Sainsbury’s.
After 2 hours of trading Burberry is a firm 10% off yesterday’s close.
UK Retail Sector Taking a Hit
Prices as of 9.45am – 9 November 2017
UK Retail Sector ConstituentsIf you want to short (or buy) the whole UK retail sector, that’s easier said than done. The companies are not in a nice and simple sector.
Most of the firms you’re thinking about a spread across the “Personal Goods”, “General Retail” and “Food and Drug Retailers” sectors…
Just to be awkward AB Foods (i.e. ABF, i.e. the Primark owner) is actually in the “Food Producer” sector.
FTSE 350 “Personal Goods” SectorAlso see – LondonStockExchange.com FTSE 350 “Personal Goods” Sector
FTSE 350 “General Retail” SectorAlso see – LondonStockExchange.com FTSE 350 “General Retail” Sector
“Food and Drug Retailers” SectorAlso see – LondonStockExchange.com FTSE 350 “Food and Drug Retailers” Sector
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