Monthly momentum strategy

As the month draws to a close, we look at the shares highlighted at the end of May as per our momentum strategy.

Inside a Ladbrokes branch
Source: Bloomberg

There were some strong winners from the month, most notably Shire, but others, like Evraz, Perform and Ladbrokes were all strongly weaker. At the beginning of next week I will run the screen again to see which companies have the biggest change over the May-June period.


April - May % change

June % change

Caracal Energy 55.71% 0.46%
Evraz 31.86% -11.33%
Heritage Oil 25.20% 0.66%
ITE Group 23.08% -5.28%
Premier Oil 21.06% -8.89%
Vedanta Resources 20.99% 1.54%
InterContinental Hotels Group 20.70% 1.88%
Cairn Energy 19.79% 0.25%
Centamin 18.67% 1.53%
International Personal Finance 16.16% -3.06%
Shire 15.76% 29.84%
EnQuest 15.15% 0.36%
Imagination Technologies Group 14.89% -4.54%
Smith & Nephew 14.08% 0.68%
Go-Ahead Group 14.00% 4.41%
Cineworld Group 13.44% -5.59%
Perform Group 12.86% -17.19%
Pearson 12.45% -3.07%
Ladbrokes 12.37% -10.81%
Tullow Oil 11.89% -0.77%
Caledonia Investments 11.89% 0.18%


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CFD’s zijn complexe instrumenten en brengen vanwege het hefboomeffect een hoog risico mee van snel oplopende verliezen.