Since the UK Flagship Index UK 100 hit 13yr highs of 6875 on May 22, an abrupt turnabout has resulted in a correction of 8.6% on fears of an end to the US central bank’s easy monetary policy sooner than markets would like. Several big name UK shares have given up significant ground after decent gains from last summer on the prospect of a key market prop being removed. Fill in your details for your report which includes the following;
- Man Group down 30%
- Thomas Cook down 22%
- Arm Holdings down 20%
- Halfords down 20%
- National Grid down 12%
- This report contains a full list ranging from +15% to -30%
What do you think is the next move for these stocks?
Which of these should you buy? Which should you sell?