Taylor Wimpey (full-year earnings 28 February)
Taylor Wimpey has already signalled that it will post a healthy set of numbers when it reports on Wednesday, so the reaction might be muted. However, the shares are still expected to benefit from healthy growth in the coming years, with 2018 growth at 9%, and at 4% in 2019. Housebuilder shares, such as Taylor Wimpey, continue to trade at remarkably low valuation levels, on a forward price-to-earnings (P/E) of just 8.7 times. A 7.6% yield, covered 1.4 times by cash generation, remains another attraction.
The recovery in February has seen the shares move back towards 190p, where it found support back in November. A turn lower from here would be bearish, and would target 189p and 183p. Further gains above 200p would head towards the 2018 peak at 211p.