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What a week it has been for the FTSE 100!
The blue-chip index of leading British shares broke through to a new all-time high.
That might make it sound like top London shares are expensive – and some of them certainly look that way to me.
But I reckon there are some real potential bargains on offer too, despite the overall index’s strong performance.
In fact, I bought more of a FTSE 100 share I already own this week after its price plumbed depths last seen five years ago, during the early stages of the pandemic lockdowns.
Step (or run) forward… JD Sports
The share in question, JD Sports (LSE: JD) has not been falling for no reason.
This month it issued its second profit warning in short order (the prior one was in November).
Geopolitical tensions pose a risk to its supply chain costs and therefore profit margins.
Sportswear brand Puma missed its profit target…
