Stock market

2 outstanding FTSE shares I’m watching for June

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It seems like FTSE Shares cannot slow down. They are growing and I want to take advantage of that.

The UK stock market has fallen in recent years. From Brexit to the recent pandemic, we have faced serious challenges.

But could it be that we are seeing the light at the end of the tunnel with the recent rally? Expected.

Here are two footy stars I have my sights firmly set on for this month. If I had the cash I would buy it today.

Marks and Spencer

After Cracking 2023, Marks and Spencer (LSE: MKS) has been in great form this year. So far, it has grown by 11.5 percent.

There are a few reasons why I like the shape of its shares this month. First, it looks like we’re getting closer to an interest rate cut. When this happens, it should increase costs. This will give Marks & Spencer a big boost.

Second, the business is making impressive progress with its turnaround strategy and I’m keen to acquire now while its shares still look like a good value trade at 14.8 times earnings.

Last year the company saw sales, market share, and free cash flow increase, and that made investors even more bullish on the stock. Since taking over in 2022, CEO Stuart Machin has done an amazing job in reviving the business.

Cost of living remains a constant threat and while rate cuts are expected, if the economy takes a turn for the worse that could lead to a slowdown in sales.

There is also the revenue perspective to consider. While its yield is just under 1%, there is potential for growth with its payout. Analysts expect earnings of 5.6p per share for the year. This is an increase of 87% compared to the previous year.

London Stock Exchange Group

I share. London Stock Exchange Group (LSE: LSEG ) has not posted as strong a performance as its footsie counterpart. Nevertheless, with them expected to grow by 3.4% in 2024, they are trending in the right direction.

I’m looking at stocks for one main reason. It recently signed a 10-year partnership. Microsoft. Will see contract firms”Co-develop new products and services for data and analytics.“And improve LSEG”Positioned as an infrastructure and data provider for global financial markets

It’s no secret that the field of artificial intelligence (AI) will continue to grow and expand, so I think this is an exciting move. Some predict that generative AI will become a $1.3trn market by 2032, growing at a compound annual growth rate of 42% over the next decade. Hopefully we’ll start seeing the first products from the partnership in use in the coming months.

One downside is that the stock looks very expensive. Another risk is that trading activity may decrease in weak financial markets. It also faces a lot of competition in the financial data sector.

But in the long run, I’m excited to see what the business can do. Hopefully his deal with Microsoft is a sign of more to come. I think its shares could buy a lover today.


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