Investing in stocks can be daunting, especially for beginners. However, it can also be profitable with the right knowledge and research. London’s stock market is one of the most active and dynamic in the world, offering investors many opportunities. Based on current trends and analysis, this article will explore the top 10 London stocks to watch in 2023.
BP (BP.L) – BP is one of the world’s largest oil and gas companies. In 2022, the stock saw a 27% increase in value, with a current price of 530.4p per share.
Unilever (ULVR.L) – Unilever is a multinational consumer goods company in over 190 countries. The stock has seen a 13% increase in value in 2022, with a current price of 4,545.5p per share.
GlaxoSmithKline (GSK.L) – GlaxoSmithKline is a pharmaceutical company specializing in vaccines and consumer healthcare products. The stock has seen a 9% increase in value in 2022, with a current price of 1,440.5p per share.
Rio Tinto (RIO.L) – Rio Tinto is a mining company that operates globally, with a focus on aluminum, copper, and iron ore. The stock has seen a 16% increase in value in 2022, with a current price of 5,565p per share.
Vodafone (VOD.L) – Vodafone is a telecommunications company that provides mobile and fixed-line services. The stock has seen a 12% increase in value in 2022, with a current price of 143.1p per share.
British American Tobacco (BATS.L) – British American Tobacco is a multinational company operating in over 180 countries. The stock has seen a 14% increase in value in 2022, with a current price of 2,765.5p per share.
AstraZeneca (AZN.L) – AstraZeneca is a pharmaceutical company specializing in oncology, respiratory, and cardiovascular treatments. The stock has seen a 7% increase in value in 2022, with a current price of 7,408p per share.
HSBC (HSBA.L) – is a multinational banking and financial services company. The stock has seen a 6% increase in value in 2022, with a current price of 393.8p per share.
Diageo (DGE.L) – Diageo is a multinational alcoholic 5-beverage company that owns brands such as Johnnie Walker, Smirnoff, and Guinness. The stock has seen a 10% increase in value in 2022, with a current price of 3,528p per share.
Burberry (BRBY.L) – Burberry is a luxury fashion company that designs and sells clothing, accessories, and fragrances. The stock has seen a 19% increase in value in 2022, with a current price of 2,618p per share.
Investors should keep an eye on these stocks, as their recent performances suggest they may have the potential for growth and profitability in the future. However, conducting thorough research and analysis is important before making investment decisions.