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Mar 6 2023, 07:00 GMT
Disruptive Technology
Week 8 – US Bellwether Blast: taking stock, the year to date
- Sectors : Disruptive Technology
- Companies : Kainos Group plc | Baltic Classifieds Group plc | In the Style Group plc | musicMagpie plc | Deliveroo plc | DoorDash Inc | OnTheMarket plc | Sosandar plc | Trustpilot Group plc | Auto Trader Group plc | Carvana Co | Cazoo Group | Purplebricks Group plc | Darktrace plc | On the Beach Group plc | Marks Electrical Group plc | AO World plc | Delivery Hero | Virgin Wines UK plc | GB Group plc | ASOS plc | Rightmove plc | boohoo group plc | Moonpig Group plc | Naked Wines plc | HelloFresh SE | Auto1 Group SE
Ratings
Ratings and price correct at time of issue
| Company | Rating | Date | Previous Rating | Date | Closing Price |
|---|---|---|---|---|---|
| AO World plc | NEUTRAL | 22/09/21 | N/A | N/A | 72.0p |
| ASOS plc | NEUTRAL | 29/09/21 | N/A | N/A | 900p |
| Auto Trader Group plc | NEUTRAL | 24/01/22 | N/A | N/A | 586p |
| Auto1 Group SE | NEUTRAL | 09/02/22 | N/A | N/A | 751c |
| Baltic Classifieds Group plc | NEUTRAL | 09/08/22 | N/A | N/A | 162.0p |
| boohoo group plc | OUTPERFORM | 22/09/21 | N/A | N/A | 55.3p |
| Carvana Co | NEUTRAL | 09/02/22 | N/A | N/A | 947c |
| Cazoo Group | NEUTRAL | 08/09/21 | N/A | N/A | 16770c |
| Darktrace plc | NEUTRAL | 11/08/22 | N/A | N/A | 266.8p |
| Deliveroo plc | OUTPERFORM | 18/01/22 | N/A | N/A | 84.7p |
| Delivery Hero | OUTPERFORM | 18/01/22 | N/A | N/A | 3850c |
| DoorDash Inc | NEUTRAL | 18/01/22 | N/A | N/A | 5528c |
| GB Group plc | OUTPERFORM | 11/08/22 | N/A | N/A | 340p |
| HelloFresh SE | OUTPERFORM | 09/02/22 | N/A | N/A | 2155c |
| In the Style Group plc | NEUTRAL | 09/08/22 | Outperform | 22/09/21 | 6.9p |
| Kainos Group plc | NEUTRAL | 06/09/22 | N/A | N/A | 1391p |
| Marks Electrical Group plc | OUTPERFORM | 12/01/23 | Neutral | 26/07/22 | 90.5p |
| Moonpig Group plc | NEUTRAL | 06/10/21 | N/A | N/A | 118p |
| musicMagpie plc | NEUTRAL | 29/09/21 | N/A | N/A | 39.4p |
| Naked Wines plc | NEUTRAL | 06/10/21 | N/A | N/A | 109p |
| On the Beach Group plc | OUTPERFORM | 09/02/23 | Neutral | 06/10/21 | 164p |
| OnTheMarket plc | NEUTRAL | 09/08/22 | N/A | N/A | 68.0p |
| Purplebricks Group plc | OUTPERFORM | 06/03/23 | Neutral | 24/01/22 | 9.0p |
| Rightmove plc | OUTPERFORM | 24/01/22 | N/A | N/A | 547p |
| Sosandar plc | OUTPERFORM | 26/07/22 | N/A | N/A | 23.5p |
| Trustpilot Group plc | NEUTRAL | 06/09/22 | N/A | N/A | 104.9p |
| Virgin Wines UK plc | NEUTRAL | 26/07/22 | N/A | N/A | 52.0p |
DAVY VIEW
After a busy results cycle, we dig into the share price moves so far this year. The bellwethers are up 24% on average in 2023, with our coverage up 10%. The prospect of peaking interest rates is good for these longer duration assets, with both outperforming the S&P 500’s 3% gains. While investors have rewarded both tech groups’ cost cutting in the ‘year of efficiency’, the bellwethers gained more because of the innovation and potential for growth from Artificial Intelligence (AI).
