Royal Mail shares among those most likely to beat the market, says AI stock picker

0 1

Danel Capital said the post carrier was in the top five UK shares expected to rise ahead of the wider market over the next 30 to 90 days, with other top performers predicted to include Rolls Royce and Burberry

() is among the ten UK stocks most likely to beat the market over the next 30 to 90 days, according to an artificial intelligence (AI) powered stock analytics platform.

In its stock rankings calculated for July, Danel Capital said Royal Mail was among the five UK stocks most likely to outperform over the next 1-3 months, however jet engine maker Rolls Royce Holdings PLC () topped the list followed by outsourcing group () and luxury fashion firm ().

READ: Best and worst FTSE 100 shares so far in 2021

Other UK stocks included within the top ten were (), housebuilder (), turnaround specialist (), shopping centre owner PLC (), chemicals group () and electronics firm PLC ().

The platform uses models to analyse over 10,000 daily features per stock based on over 900 fundamental, technical, and sentiment indicators each day.

If the AI’s predictions prove correct, it will be a continuation of form for Royal Mail, which so far this year has surged 71% in value on the back of a turnaround in the delivery group’s fortunes thanks to the pandemic-driven boom in online shopping deliveries.

Shares in Royal Mail were flat at 579.2p in lunchtime trading on Monday.

Source link

Leave A Reply

Your email address will not be published.