Value stocks

These are some to the stocks from my watch list which have rallied 10% or more in last one week itself

British Airways
British Telecom
Vodafone
Marks & Spencer

These as still a good buy on some pullback. They are close to 52 weeks low. These are long term buys. I will be accumulation these in my ISA.

One common factor about these stocks is that all 4 companies are carrying out major cost cutting in next year or so.

From Morgan stanley

..."Sentiment was boosted by a note from Morgan Stanley strategist Teun Draaisma who opined that “the severe part of the bear market is over, that there is value, but probably no hurry.” Draaisma abandoned his previously bearish stance after four main market indicators - valuation, capitulation, risk, and fundamentals - all came up as "buy" signals. "

Some pullback due...

Markets around the world have rallied for 6 consecutive sessions. Such long rallies dont sustain very long without some pullback. Many beaten down stocks have rallied more than 50%. So expect some pullback and correction.

If you have bought stocks in last 6 days and have made more than 30% profit and have short term goal, it is time to book some profits. Poeple with long term goal must hold and buy more at every pull back.

Market is in confirmed bull rally mode.