Today we are watching…
1. Volkswagen (#vw)
German automaker, VW, and its German counterparts, BMW and Daimler may be in some serious trouble after the European Commission accused the automakers of colluding to delay the release of clean emissions technology. The companies have 10 weeks to respond to the claims or potentially face billions in fines that could erase as much as 10% of their annual turnover in one fell swoop. The news has yet to substantially impact on the companies’ share prices, but could drive considerable losses if fines come into force.
2. Bed, Bath & Beyond (#bedbath)
US home-improvement company, Bed, Bath & Beyond, had a serious two-day hot-streak last week, rising over 9%. The buying frenzy was sparked by a flurry of analyst upgrades from big name investment banks, such as Morgan Stanley, Merrill Lynch and Citi reviewing their forecasts. The company is still 15% below its 52 week high and analysts are seeing good upside for the company. So make sure this one is in your watchlist this week!