Share tips 2024: this week’s stock tips

Share tips 2024: MoneyWeek’s roundup of the top share tips this week – here’s what the experts think you should buy

Stock price chart and trading board
(Image credit: Yuichiro Chino)

If you’ve been keeping a close eye on share tips 2024, then don’t miss this weekly round up of the top stocks to consider for your portfolio each week. 

The MoneyWeek share tips 2024 guide pulls together some of the best UK stocks from some of the top share tipsters around.

As well as the UK financial pages, we look at publications across the pond for investors who want to diversify their holdings internationally.

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From investing in UK equities, European stocks, to finding the best performing stocks in the S&P 500 – here are our top share tips of the week.

This list is updated weekly on a Friday.

Share tips 2024: top picks of the week

Five to buy

1. Diploma (LON: DPLM)
The Telegraph
Diploma’s shares have soared by 68% in 18 months, outperforming the FTSE 100. The supplier of specialist technical products such as gaskets, wiring and seals is growing strongly, justifying its high price/earnings (p/e) ratio. Diploma’s sound financial position allows it to buy high-quality firms. Given the group’s “sizeable competitive advantage and impressive long-term growth potential”, the shares are worth buying. 4,094p

2. Pets at Home (LON: PETS)
The Sunday Times
Pets at Home has lost a quarter of its value since the Competition and Markets Authority (CMA) began sniffing around the vet industry last September. The regulator is concerned that corporate consolidation has weakened competition. Although a recovery in the share price may not come this year, the grooming business remains profitable, the vet arm operates with “stonking” high margins, and the company has launched a new app and distribution centre. The CMA is unlikely to cause serious injury to the retail business, which has significant growth potential. 308p

3. Cerillion (LON: CER)
Shares
Cerillion offers billing and customer-relationship management software to telecom operators. With a growing global market, strong financials and an expanding client base, the long-term outlook is auspicious. It has achieved consistent revenue and margin growth. Cerillion scores highly on key metrics such as returns on capital and operating margins and “throws off oodles of cash”. The Aim-listed stock could also be a target for private-equity firms. 1,578p

4. Phoenix Group (LON: PHNX)
Investors’ Chronicle
Phoenix has transformed itself from a small player to a blue chip by acquiring redundant life insurance policies and running them off for cash, which has funded large dividends. Questions about its long-term sustainability have grown, but Phoenix aims to focus on new growth areas rather than making large closed-book purchases, with a particular interest in pension risk transfers. The upside to its share price will come from management continuing with its strategy for cash generation and dividend growth. 483p

5. Adriatic Metals (LON: ADT1)
The Mail on Sunday
Silver is quietly gaining momentum. With declining silver stores and increasing demand, prices are predicted to rise to over $50 an ounce by 2025, from $23 today. Adriatic Metals, based in Bosnia, is poised for growth with strong government and local support. Adriatic has transitioned to commercial production rapidly. Expansion plans in Serbia and Europe aim to ease reliance on commodities from China and Russia. Young miners aren’t for “widows and orphans”, but Adriatic could prove “rewarding for the adventurous punter”. 203p

One to sell

1. Workday (LON: 0M18)
Investors’ Chronicle
HR software provider Workday boasts 10,000 corporate customers and has experienced rapid sales growth in recent years. Heavy investments in new products and marketing have undermined the group’s operating margin. Workday’s high expenditure, particularly on share-based compensation, raises concerns about its future growth and ability to compete as the adoption of artificial intelligence (AI) spreads. If sales fall because companies stop expanding HR departments or use alternative software, then the high valuation bodes ill. “Things need to go perfectly”, and there are “plenty of reasons to think they won’t”. $207

The rest...

Fuller Smith & Turner (LON: FSTA)
The Telegraph
Pub operator Fuller Smith & Turner has just announced the sale of 37 tenanted pubs. A 6% capital gain over the past three-and-a-half years is “hardly cause to crack open the Champagne”, but there is value to be had through portfolio management, share buyback schemes and improved trading. The pub estate, concentrated in London’s City and the West End, could drive sales growth and profits back to pre-pandemic levels with improved footfall. Hold (704p).

ME Group (LON: MEGP)
Shares
Vending machine and photo booth operator ME Group, previously known as PhotoMe International, has revealed robust results for the six months to April, with revenue up by 8.6% and pre-tax profit climbing 13.6%. The Wash.Me laundrette business saw the fastest growth. The company hopes to deliver another record profit this year. With a near-5% dividend yield and earnings expected to expand, the group’s shares remain attractive. Hold (163p).

WD-40 (NASDAQ: WDFC)
Barron’s
WD-40, which makes low-viscosity oil providing lubrication for squeaky doors and stubborn nuts and bolts remains a strong, consistent brand. The US firm consistently returns cash to shareholders, ditches underperforming segments and expands its product’s uses. The company has a “highquality” management team, a growth strategy, and a 25% return on invested capital. Buy ($225).

Wise (LON: WISE)
Investors’ Chronicle
Wise’s shares fell after the expected annual growth rate for underlying income was revised to 15%-20% from 20%. The money transfer company has been investing heavily to expand its customer base, leading to a 25% rise in administrative expenses. Wise is on 29 times forward earnings. The revised profit growth forecast was “not the perfection that the rating demands”. Hold (713p).


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Kalpana Fitzpatrick

Kalpana is an award-winning journalist with extensive experience in financial journalism. She is also the author of Invest Now: The Simple Guide to Boosting Your Finances (Heligo) and children's money book Get to Know Money (DK Books). 

Her work includes writing for a number of media outlets, from national papers, magazines to books.

She has written for national papers and well-known women’s lifestyle and luxury titles. She was finance editor for Cosmopolitan, Good Housekeeping, Red and Prima.

She started her career at the Financial Times group, covering pensions and investments.

As a money expert, Kalpana is a regular guest on TV and radio – appearances include BBC One’s Morning Live, ITV’s Eat Well, Save Well, Sky News and more. She was also the resident money expert for the BBC Money 101 podcast .

Kalpana writes a monthly money column for Ideal Home and a weekly one for Woman magazine, alongside a monthly 'Ask Kalpana' column for Woman magazine.

Kalpana also often speaks at events. She is passionate about helping people be better with their money; her particular passion is to educate more people about getting started with investing the right way and promoting financial education.