21 October Watchlist 👀

Table of Contents

 

Today we are watching…

1.  SAP (#sap)

Before quitting as CEO earlier this month, Bill McDermott directed years of overhaul at software firm SAP, attempting to reinvent it with Salesforce stalking its market share. Investors are always on the prowl for a company primed to pop after beating earnings expectations, and many opportunists have singled out SAP. Its leadership crisis could be an overplayed factor in the markets, so with stock pickers circling the “undervalued” German multinational, analysts have revised their benchmark to keep things interesting. Now, they want the company’s cloud-based drive and revitalized corporate software business to help it generate $1.19 in profit per share on $7.45 billion in revenue. Is SAP up to the task?

2. Legal & General (#lgen)

For investors hunting a dividend champion, Legal & General might fit the bill. The stock currently promises an 8% annual income on your money, but there’s one glaring threat. Brexit has never looked more uncertain, and no British financial company is safe from its fallout. On the plus side, Legal & General has invested heavily in currency-hedged funds, which mute the topsy-turvy swings of the pound’s value. However, that says nothing about how sentiment will affect its other business wings, especially insurance. Whether the firm’s iconic umbrella can shield it from these headwinds remains to be seen!

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