TRADERS' TIPS: City insiders say buy shares in Asos but sell easyJet
BUY THIS: Asos
Online fashion website Asos, which sells clothing in 241 countries, is in line to benefit from the weak pound.
Shore Capital reiterated its buy recommendation after predicting sales are set to benefit from currency fluctuations following the EU referendum.
It now estimates sales growth of 28.9 per cent – up from 27.7 per cent – in the two months to August 31, 2016.
It has also increased its profit forecast to £63.1million from £63million due to stronger trading.
SELL THIS: EasyJet
Terrorist attacks and excess capacity in the European short-haul market is taking its toll on... read more
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