Sell Twitter as Soon as You Can

THE WEEK: Professional investor Rodney Hobson highlights the stocks that have posted positive results this week, and likens the Twitter IPO with the Royal Mail floatation

Rodney Hobson 8 November, 2013 | 1:46PM
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If you want to invest in the High Street, pick food. Former clothing store Marks & Spencer (MKS) demonstrated this for the umpteenth time this week as food sales, which now account for 55% of the business, rose 3.2% in the second quarter to the end of September, while clothing struggled.

The reason is that M&S food has long ago found a niche, offering higher quality at higher prices, while clothing, which used to be a cut above most of the High Street, still cannot find its way, unsure whether to compete with Primark, which is leaping ahead at the cheaper end, or move more upmarket.

It is still early days to condemn the autumn/winter range but one suspects that it has not had the desired impact. I’m no fashion expert but the women’s clothing range at my nearest store looks uninspiring, although that could be because it is not one of the stores blessed with the best selling items that M&S has curiously decided to keep in short supply. This could be yet another much heralded, much advertised disappointment.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
easyJet PLC968.00 GBX-0.58Rating
International Consolidated Airlines Group SA198.72 GBX-0.79Rating
Marks & Spencer Group PLC148.60 GBX-3.79Rating
Royal Mail PLC573.80 GBX-3.04
Ryanair Holdings PLC16.51 EUR-1.26Rating
Sainsbury (J) PLC260.10 GBX0.31Rating
Tesco PLC221.75 GBX-4.07Rating
Twitter Inc60.85 USD0.23Rating

About Author

Rodney Hobson

Rodney Hobson  is a columnist for and author of several investing books, including The Dividend Investor and How to Build a Share Portfolio.

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