Stock picks for the week – Burberry, Asos – Linear Investments

Tim Harrison, Head of Wealth Management at Linear Investments joins Tip TV’s Zak Mir to discuss the stock picks for the week – Burberry and Asos.

Key points:

Burberry

Rallied 50% since Brexit mainly due to Sterling slide. Like the company… not much interest personally

Fundamentally company is on a much strong footing. Benefits from the foreign inflow of money

Vulnerable to a dramatic fall if there is a slight bearish sentiment in the results due for release tomorrow

Asos

Smaller version of Amazon…focused on clothing

Large portion of revenue comes from outside, hence we could see a positive set of figures (earnings), but caution is advised since it is a thinly traded stock