EWU fell 0.23%
The iShares MSCI United Kingdom ETF (EWU) fell by 0.23% on Friday, October 30. The United Kingdom’s consumer confidence index was released for October. The reading for the period was two—compared to three in September. It was below the forecasted value of four. The rise in oil prices kept the energy sector in the lead. It was followed by the healthcare sector.
The stocks at the top of the iShares MSCI United Kingdom (EWU) on October 30 were Tullow Oil (TLW), Weir Group (WEIR), and Meggitt (MGGT). They rose 2.3%, 2.3%, and 1.8%, respectively, on the day.
Weir Group received an “outperformed” rating by Credit Suisse (CS) analysts. Its RSI (relative strength index) of 38 suggests that the stock is undervalued. The stock traded at 1,067 pounds on Friday. Analysts’ price target was at 1,319.47 pounds. The stock earned five “buy,” 13 “hold,” and six “sell” recommendations. Standard & Poor’s rated the stock as BBB+.
The stocks at the bottom of EWU on October 30 were Barclays, Randgold Resources (RRS), and WM Morrison Supermarkets (MRW). These stocks yielded -2.2%, -1.8%, and -1.7%, respectively, on the day.
WM Morrison Supermarkets was reissued an “underweight” rating by equity research analysts at Grupo Santander on October 30.
Barclays’ downtrend continued after the bank reported its quarterly earnings. Its earnings missed analysts’ expectations.
This week, November 2–6, there will be earnings reports from the energy companies. For the latest updates on corporates’ earnings, visit our Market Realist’s Post-Release Earnings Reports page.