TrendsWide
[email protected]
Contact
  • Home
  • News
  • Politics
  • Business
  • National
  • Culture
  • Opinion
  • Lifestyle
  • Sports
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • National
  • Culture
  • Opinion
  • Lifestyle
  • Sports
No Result
View All Result
TrendsWide
No Result
View All Result
Home Economie

Tesco shares are down 24% YTD. Should I invest?

souhaib by souhaib
October 29, 2020
in Economie
0
0
SHARES
20
VIEWS
Share on FacebookShare on Twitter


  • Tesco increased the interim dividend by 20.8% Y/Y
  • Tesco will add 16,000 new permanent jobs to cater to the exceptional growth in its online business
  • If the price falls below $2.5 that would be a “sell” signal and we have the open way to $2.3

Tesco (OTCMKTS: TSCDF) shares have weakened from $3.48 below $2.3 in less than several months and the current price stands around $2.6. Tesco is positioned to weather the COVID-related storms but if the price falls below $2.5 that would be a “sell” signal.

Fundamental analysis: Tesco will add 16,000 jobs to cater to the exceptional growth in its online business

Tesco is a British multinational groceries and general merchandise retailer with over 3400 stores nationwide. Tesco employs over 450,000 employees across 11 markets and it is important to mention that Tesco has more than 42 million transactions per week in the UK.


Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

Even with the COVID-19 pandemic, the business of Tesco is going well and the company will probably have a rise in revenue for the next fiscal year. Tesco has released recently H1 earnings results, total revenue has increased by 0.7% Y/Y while retail operating profit increased by 4.4%.

The company increased the interim dividend by 20.8% Y/Y which in-line with its policy of setting an interim dividend at 35% of the prior year full-year dividend. Tesco started to offer free grocery delivery in the U.K. and the main idea behind this is to protect market share against Amazon.

According to the latest news, Tesco will add 16,000 new permanent jobs to cater to the exceptional growth in its online business and may even increase the number if the coronavirus lockdown boosts its sales even more. Tesco’s stock is attractively valued currently and according to analysts, this company is positioned to weather the COVID-related storms.

This stock could be a good long-term investment but maybe now is not the best moment for buying Tesco shares because the price could weaken even more in the upcoming weeks.

Technical analysis: Bears are focused on breaking the support level at $2.5

When trading Tesco shares, you should have in mind that the price could weaken even more in the upcoming weeks.

Data source: tradingview.com       

On this chart, I marked important resistance and support levels. The important support levels are $2.5 and $2.3, $2.8 and $3 represent the resistance levels.

If the price jumps above $2.8 it would be a signal to buy this stock and we have the open way to $3. Rising above $3 supports the continuation of the bullish trend and the next price target could be located around $3.3 or even $3.5.

ADVERTISEMENT

On the other side, if the price falls below $2.5 it would be a “sell” signal and we have the open way to $2.3.

Summary                                                                                                                                         

Even with the COVID-19 pandemic, the business of Tesco is going well and the company will probably have a rise in revenue for the next fiscal year. Tesco will add 16,000 new permanent jobs to cater to the exceptional growth in its online business and may even increase the number if the coronavirus lockdown boosts its sales even more. My opinion is that this stock could be a good long-term investment but maybe now is not the best moment to invest in Tesco shares because the price could weaken even more in the upcoming weeks.



Source link

ShareTweetPin
Previous Post

‘I didn’t want to end up in a wheelchair’: Ashes hero Onions reflects on painful decision to retire

Next Post

Dogs are humans’ oldest companions, DNA shows

souhaib

souhaib

Related Posts

Economie

Monero, Waves, Tron price analysis roundup

January 23, 2021
Economie

Crypto.com (CRO) price falls to test support

January 23, 2021
Economie

Crude oil price remains under pressure by worries over a new pandemic wave in China

January 23, 2021
Next Post

Dogs are humans' oldest companions, DNA shows

Coronavirus Scotland: Nicola Sturgeon unveils 5-tier lockdown areas

Opinion: As teams deal with cancellations, the frustration is obvious and understandable

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Recommended

Emily Harrington becomes the first woman to free-climb El Capitan in under 24 hours

3 months ago

Aussie retailer BCF’s light-hearted ad showing a man eating a bat comes under fire

3 weeks ago

Mad cap world of Nicklas Bendtner and his wild career at Arsenal are laid bare in new book

4 months ago

This robot in Japan can detect if customers aren’t wearing face masks

2 months ago

Categories

  • Australia
  • Business
  • Cryptocurrency
  • Deals
  • Discounts
  • Economie
  • Euro
  • Gaming
  • Lifestyle
  • News
  • Opinion
  • Sports
  • Travel
  • Trending
  • Uncategorized

Topics

bbc bbc health cnn ar business dailymail dailymail australia dailymail heath dailymail money dailymail sport day 7 euronews Health IGN rt arabic usa today usa today money usa today sport Women Fashion
No Result
View All Result

Highlights

Reli. SuperValue 55 Gallon Trash Bags (150 Count Bulk), Made in USA – Clear Trash Bags Heavy Duty 55 Gallon – 60 Gallon – 55 Gal Contractor Garbage Bag Strength

Hamptons stable owner says she was ousted to make room for Alec and Hilaria Baldwin

Israel is discussing the issue of closing Ben Gurion Airport for a period of 14 days to prevent the spread of Corona mutations

Azarxis Walk Traction Ice Cleat Spikes Crampons with 10 Spikes Snow Grips Stretch Footwear Traction for Walking, Jogging, Climbing, Hiking on Snow and Ice

Sam Burgess parties with sex columnist Jana Hocking

Newspaper: Britain will impose a stone on people coming from countries at risk of Corona

Trending

Deals

iXtreme Boys Snowpant

by souhaib
January 24, 2021
0

Price: (as of - Details) IXtreme outfitters boys snow pant with protective outer shell for...

Australia goes a week with zero local coronavirus cases with Pfizer vaccine on track

January 24, 2021

The Egyptian Prime Minister imposes a curfew in the northern Sinai regions

January 24, 2021

Reli. SuperValue 55 Gallon Trash Bags (150 Count Bulk), Made in USA – Clear Trash Bags Heavy Duty 55 Gallon – 60 Gallon – 55 Gal Contractor Garbage Bag Strength

January 24, 2021

Hamptons stable owner says she was ousted to make room for Alec and Hilaria Baldwin

January 24, 2021

Follow us on social media:

UK Jobs

Recent News

  • iXtreme Boys Snowpant
  • Australia goes a week with zero local coronavirus cases with Pfizer vaccine on track
  • The Egyptian Prime Minister imposes a curfew in the northern Sinai regions

Category

  • Australia
  • Business
  • Cryptocurrency
  • Deals
  • Discounts
  • Economie
  • Euro
  • Gaming
  • Lifestyle
  • News
  • Opinion
  • Sports
  • Travel
  • Trending
  • Uncategorized

Recent News

iXtreme Boys Snowpant

January 24, 2021

Australia goes a week with zero local coronavirus cases with Pfizer vaccine on track

January 24, 2021
  • Contact
  • Terms & Conditions
  • Privacy Policy

© 2020 - TrendsWide

No Result
View All Result
  • Home
  • Politics
  • News
  • Business
  • Culture
  • National
  • Sports
  • Lifestyle
  • Travel
  • Opinion

© 2020 - TrendsWide