3 Hot Stocks You Bought Today

LONDON -- Has there been a change of investor sentiment at Xcite Energy (LSE: XEL.L  ) ? Shares in the AIM-listed North Sea oil and gas group fell a few days ago when it announced pre-production test results from its Bentley operations -- results that exceeded management's prior expectations, but perhaps not investors' wilder hopes.

No matter: Today, the share was back in favor, climbing 7% and comprising the single-most popular purchase by the retail clients of stockbroker TD Direct Investing between the market's opening and noon. The price-to-earnings ratio is still astronomic, of course -- an eye-watering 1,200 -- but the newsflow on several fronts has been promising of late, with positive developments on funding, loan finance, sales of crude oil and management changes. And, of course, successful test drilling.

Also catching investors' eyes was BP (LSE: BP.L  ) -- coincidentally, itself a backer of Xcite. The share was the fifth-most popular purchase among TD Direct Investing's retail clients this morning, with sentiment boosted by weekend newsflow regarding the potential sale of BP's Russian oil interests to its AAR oligarch partners.

From a reserves point of view, the move is probably bad news. But from a strategic and governance point of view, I reckon that many investors would welcome it, if the price was right. Relations with the oligarchs have clearly broken down, and the wrangles now threaten to further adversely affect BP's dividends from its Russian TNK-BP subsidiary. But with a forecast P/E of less than seven and a forecast yield of 5.1%, it's clear that I'm not the only one thinking that BP is looking cheap.

Last up: travel operator and airline Thomas Cook (LSE: TCG.L  ) , which on Friday announced a late-summer surge in bookings. Back in the early spring, there were doubts over the highly indebted company's survival. Now, with improved finances and customers returning, the prospects for the business are a lot less gloomy.

Up 6% today, Thomas Cook was the eighth-most popular buy among by the retail clients of TD Direct Investing this morning. There's no dividend, but many investors are obviously thinking that a forecast P/E of less than four now looks cheap for a business that seems to be on the mend.

Finally, what are super-investors Neil Woodford and Warren Buffett buying today? We can't tell you that, but we can tell you the names of the shares that they've bought in the recent past -- and why they've been buying them.

So download this free report to discover the shares that interest Neil Woodford right now, and this free report to learn the name of the British share that Warren Buffett has been buying recently. There's no obligation, and they can be in your in-box in seconds.

Are you looking to profit as a long-term investor? "10 Steps To Making A Million In The Market" is the latest Motley Fool guide to help Britain invest. Better. We urge you to read the report today -- while it's still free and available.

Further investment opportunities:

Malcolm holds shares in BP, but has no disclosable interest in any other of the shares listed. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.

Disclaimer: The TD Direct Investing (www.tddirectinvesting.co.uk) list of Top Ten Buys should not be taken as a recommendation to buy or sell any particular bond or stock, and is not intended as any form of advice. Instead, it is simply an indication of the general buying trends among TD Direct Investing customers during the period stated.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2038317, ~/Articles/ArticleHandler.aspx, 12/19/2014 11:32:48 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement