I am still paying up for Reckitt’s consumer products at the supermarket…and so I still like shares in the company too
By Chris Bailey | Wednesday 25 October 2023
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I was speaking (technically an online discussion only) with someone yesterday who was trying to argue the rationale for a high holding of (UK) banking stocks. I wished him luck with that…just as I am certain there are a bunch of people excited about their Lloyds Banking Group (LLOY) position (which reported well enough earlier today not to see the shares fall back even further). I know dividend followers love the stock, but if you see a run in the share price north of 45p my advice would be to enact an aggressive stage-left exit.
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