LONDON -- This week, the retail clients of stockbroker TD Direct Investing had their eyes firmly on solid, high-yielding blue chips on sale at tempting prices.
Between the market's opening on Monday and today at noon, for instance, Vodafone
Next up is BP
While TNK-BP has delivered dividends and a sizable chunk of Russia's oil reserves to BP, the stake has also delivered ample headaches. At a stroke, the hope now is that those headaches are gone, with Rosneft buying BP's TNK-BP stake for $17.1 billion in cash and shares, and BP then using $4.8 billion of the cash to purchase a further 5.66% of Rosneft from the Russian government, taking its holding of Rosneft to 19.75%. On a forecast P/E of just seven, the hopefully less risky BP now offers a tempting forecast yield of 4.8%.
Last up: Tesco
With a rating of just nine times forecast earnings and a 4.9% forecast yield, a broker upgrade and "buy" rating ought to be superfluous to investors with an eye for a blue-chip bargain. But, as they say, every little bit helps.
Finally, what did super-investors Neil Woodford and Warren Buffett buy this week? We can't tell you that, but we can tell you the names of the shares that they've been buying 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 inbox in seconds.
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Malcolm holds shares in BP and Tesco, but has no disclosable interest in any other of the shares listed. The Motley Fool owns shares in Tesco. Motley Fool newsletter services have recommended buying shares of Vodafone Group. 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.
Disclaimer: This TD Direct Investing list of Top Ten Buys should not be taken as a recommendation to buy any particular stock, and is simply an indication of the general buying trends amongst TD Direct Investing customers during the period stated.