The FTSE 250 index remained under pressure this week as the market reacted to last week’s Donald Trump victory. It retreated to a low of £20,308, its lowest level since August 6 of this year. It has dropped sharply from the year-to-date high of £21,785.
The FTSE 100 index has also continued to underperform the market this year. It has dropped to £8,045, its lowest level since August 7. It has dropped by 5.5% from its highest level this year. Here are some of the top FTSE 100 and FTSE 250 shares to watch next week.
CMC Markets
CMC Markets is one of the biggest financial services companies in the UK. It runs a platform where users can buy and sell financial assets like stocks, cryptocurrencies, and forex.
It makes most of its money from the trading revenue it charges its customers. The rest comes from investing and interest income.
Its annual revenue in the last financial year stood at over £332 million, a 15% increase from the FY’23. Its profit before tax rose to $63.3 million, implying a profit margin of 19%.
CMC Markets will be a top FTSE 250 stock to watch next week as it publishes its half year results, which will provide more color about its performance. In October, it said that its net operating income would be £180 million, up by 45% from the previous year. It expects its profit before tax to be £51 billion.
There are chances that the CMC Markets share price will bounce back after these earnings. As shown below, the stock has formed a bullish flag pattern, a popular bullish sign that is characterized by a vertical line and a rectangle pattern.
CMC stock has remained above the 50-day and 100-day moving averages. Therefore, the stock may have a strong breakout as buyers target the resistance at 400p.
Sage Group
Sage Group will be one of the top FTSE 100 index companies to watch next week as it publishes its full-year financial results. It is a leading player in accounting technology for small and medium services.
Its most recent numbers showed that its revenue rose by 9% in the third quarter to £1.73 billion, most of which came from the Sage Business Cloud. Most of its revenue growth was from North America, followed by the UK and Europe. Its recurring revenue rose by 10% to £1.6 billion.
Analysts are optimistic that Sage Group’s business continued doing well in the last quarter. The consensus view is that its revenue grew by 9.1% in the last financial year to £2.5 billion, while its operating profit was £572 million.
Halma PLC
Halma PLC is one of the top FTSE 100 companies to watch next week as it publishes its interim results.
For starters, Halma is a company valued at over £9 billion and employs 8,000 people in the country. Its companies are in industries like safety, environmental & analysis, and healthcare. Some of the top companies in its portfolio are Apollo, Ampac, Cosasco, Nimbus, and Limotec.
The management has achieved this growth through regular acquisitions. Some of the most recent acquisitions were TeDan, Lazer Safe, and Sewertronics.
These acquisitions have helped the company see strong growth over time. Its annual revenue rose to £2.03 billion, up from £1.8 billion in the last financial year. Also, its adjusted profit before tax rose to £396.4 million, while profit before tax was £340 million.
The daily chart shows that the Halma stock price peaked at 2,735p in June. Since then, it has formed a symmetrical triangle pattern as part of its bullish pennant. The triangle of this pattern is nearing its confluence level.
The stock has also remained above the 100-day moving average. Therefore, the stock will likely have a bullish breakout as buyers target the year-to-date high of 2,735p.
Some of the other top FTSE 100 and FTSE 250 shares to watch will be First Property Group, Jet2, XPS Pensions Group, Mothercare, and Revolution Beauty.
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