I’m feeling bullish about the Footsie at the moment and the future prospects of the stock market, and that’s why I’m taking a look at the investment potential of Boohoo.Com PLC (LON:BOO) (BOO.L), Ocado Group PLC (LON:OCDO) (OCDO.L), Taylor Wimpey plc (LON:TW) (TW.L) and IQE PLC (LON:IQE) (IQE.L).
Boohoo’s business model continues to impress me. The company has been able to deliver a high level of customer service and grow its business in what remains a competitive space.
Looking ahead, Boohoo is focusing on increasing its capacity. This could allow it to sustain a high growth rate. With a successful track record of broadening its brand appeal, I think it has a bright future.
Taylor Wimpey could enjoy a prosperous long-term outlook in my view. The company looks set to benefit from continued government support for the housing sector, with Help to Buy providing a boost to demand for new homes.
With Taylor Wimpey having what appears to be a solid balance sheet, I think that the company could be a strong performer within the FTSE 100 in future years.
Ocado’s capacity to sign new partnership deals seems to be increasing. The company continues to invest in technology, while the trend of consumers moving online to buy goods and services looks set to remain in place.
Although the Ocado share price now has a relatively high valuation, I believe that the company’s EPS growth rate could be high. As a result, I see the stock as a technology-focused retailer which could outperform its wider industry.
IQE’s forecast growth rate remains relatively impressive. The TMT stock is expected to report a 40% rise in EPS in the next financial year, and this could lead to an improvement in investor sentiment over the medium term.
With IQE continuing to develop its business model following last year’s capital raising, I’m upbeat about its prospects – particularly since it has a PEG ratio of 1 at the moment.