Image source: Getty Images
News from FTSE shares tend to dry up in December. But I think a few of my favourites might just get a boost from January updates.
It poses a tricky question. If we’re bullish about a stock, should we buy before the news, or wait and see if it’s what we hoped?
There’s an old saying that we should “buy on the rumour, and sell on the news“. But that doesn’t make sense to me. What if the news is that the rumour was false?
Back in favour
Anyway, let’s start with a stock I’ve been negative about for a couple of decades now. I’m talking of Marks & Spencer (LSE: MKS), and I finally think it’s starting to look good.
After climbing back into the FTSE 100, M&S shares have carried on up. They’ve now doubled in the past 12 months — even if the five-year charts suggests there’s still more work to do.
We should have Christmas trading news from M&S on 11 January. And it’s the one Yuletide…
