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Dixons Carphone (full-year earnings 28 June)
The recent slowdown in consumer spending, highlighted by DFS, may have hit Dixons Carphone as well, given the big ticket nature of the products sold by the group. It will be hoped by many that Dixons remains immune, but with inflation on the up and wages failing to grow, the outlook does not look particularly rosy. Online rivals, Amazon chief among them, also make life difficult, but the firm is still expected to see an 8% increase in earnings, to over £500 million.
The shares have steadily declined since the beginning of 2016, with each rally being smaller. However, 294p continues to hold as support, so another bounce from here would challenge the declining trendline at 330p. A further rally would target 372p and then 391p.