2 FTSE 100 stocks to buy now

the latest tech news, global tech news daily, tech news today, startups, usa tech, asia tech, china tech, eu tech, global tech, in-depth electronics reviews, 24h tech news, 24h tech news, top mobile apps, tech news daily, gaming hardware, big tech news, useful technology tips, expert interviews, reporting on the business of technology, venture capital funding, programing language

Chart showing an upwards trend, possibly in the FTSE 100

Key points

Global Tech News Daily

The FTSE 100 index is made up of many strong stocks. They are among the biggest and most established companies operating all around the world. I’ve found two recovery stocks that I think will prosper in 2022, Antofagasta (LSE: ANTO) and InterContinental Hotels Group (LSE: IHG). Let’s take a closer look.

A FTSE 100 miner

Antofagasta is a FTSE 100 copper mining company operating in Chile. It also mines gold and the mineral molybdenum. Another segment is transport-focused, featuring rail and trucking activities to support the transport of metals.

Global Tech News Daily

This company has been profitable over the past five calendar years. It has registered a yearly average increase in profit before tax of 38%. Furthermore, its earnings-per-share (EPS) have also grown over the period.

One way to calculate whether this stock is undervalued, or not, is to refer to its price-to-earnings (P/E) ratio. This comes from dividing a company’s market value per share by the EPS. This results in a reading of 13.6, indicating the stock is slightly undervalued, because it is below the industry average of nearly 14.

With the price of copper up 22% over the past year and this metal now playing a large role in electric vehicles, the future is bright for Antofagasta, I feel. The strong performance of this stock’s underlying commodity supports my view that the company will prosper as the world reopens.

In its Q4 report for the three months to 31 December 2021, however, Antofagasta reiterated its forecast for declining copper production. This is due to the drought Chile is experiencing. Nonetheless, the company stated that a desalination plant will be operational for the second half of 2022 to assist with the water shortage.

A global recovery play

With the world now emerging from the nightmare of the Covid-19 pandemic, an interesting FTSE 100 recovery stock could well be InterContinental Hotels Group. This company owns many well-known hotel brands, including Crowne Plaza and Holiday Inn. It operates globally.

The business environment for this sector is improving as we leave the pandemic behind. Indeed, the less severe Omicron variant appears to have paved the way for a global recovery and this prompted Jefferies to state in November 2021 that “higher internet searches and web traffic” indicate a “recovery in US hotel footfall”. This could be the first of many positive news reports.

In spite of this positive news, its EPS declined in 2020 because of the pandemic. The normally profitable company recorded a $280m loss. In the report for the three months up to 30 September 2021, room revenue was still down 21% for the same period in 2019. However, I believe these difficulties are already factored into the current price. Indeed, compared with the 2020 period, room revenue is up 66% and I expect these figures to keep improving.

These two stocks will prepare me for a global reopening. I won’t be wasting any time before I add them to my portfolio. With a bright future for copper and a global recovery hopefully around the corner, I think these FTSE 100 stocks could perform very well indeed.

The post 2 FTSE 100 stocks to buy now appeared first on The Motley Fool UK.

More reading

    Andrew Woods has no position in any of the shares mentioned. The Motley Fool UK has recommended InterContinental Hotels Group. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

    Motley Fool UK 2022

    News Related

    OTHER NEWS

    Fiverr International (FVRR) Dips More Than Broader Markets: What You Should Know

    In the latest trading session, Fiverr International (FVRR) closed at $81.01, marking a -0.52% move from the previous day. This change lagged the S&P 500’s daily loss of 0.37%. – ... Read more »

    Sterling Construction (STRL) Gains As Market Dips: What You Should Know

    Sterling Construction (STRL) closed at $27.51 in the latest trading session, marking a +1.63% move from the prior day. The stock outpaced the S&P 500’s daily loss of 0.37%. – ... Read more »

    Boise Cascade (BCC) Gains As Market Dips: What You Should Know

    Boise Cascade (BCC) closed at $77.20 in the latest trading session, marking a +0.69% move from the prior day. The stock outpaced the S&P 500’s daily loss of 0.37%. – ... Read more »

    CRISPR Therapeutics AG (CRSP) Gains As Market Dips: What You Should Know

    In the latest trading session, CRISPR Therapeutics AG (CRSP) closed at $62.36, marking a +0.76% move from the previous day. This move outpaced the S&P 500’s daily loss of 0.37%. ... Read more »

    Bausch Health (BHC) Dips More Than Broader Markets: What You Should Know

    Bausch Health (BHC) closed the most recent trading day at $24.39, moving -0.53% from the previous trading session. This move lagged the S&P 500’s daily loss of 0.37%. – Zacks ... Read more »

    ETF Strategies to Consider for February as Fed's Rate Hike Nears

    Wall Street has been mostly kind to investors so far in February after a tough January. Market participants are upbeat about improving U.S. economic conditions as reflected by encouraging fourth-quarter ... Read more »

    Bank of Nova Scotia (BNS) Gains As Market Dips: What You Should Know

    Bank of Nova Scotia (BNS) closed at $73.75 in the latest trading session, marking a +0.78% move from the prior day. This move outpaced the S&P 500’s daily loss of ... Read more »

    Fox (FOXA) to Report Q2 Earnings: What's in the Offing?

    Fox FOXA is set to report second-quarter fiscal 2022 results on Feb 9.For the quarter, the company’s current Zacks Consensus Estimate for earnings is pegged at breakeven against a loss ... Read more »

    Generac Holdings (GNRC) Gains As Market Dips: What You Should Know

    In the latest trading session, Generac Holdings (GNRC) closed at $279.97, marking a +0.01% move from the previous day. This move outpaced the S&P 500’s daily loss of 0.37%. – ... Read more »

    Spirit And Frontier Announce $6.6 Billion Merger

    Spirit Airlines Incorporated (NYSE:SAVE) and Frontier Group Holdings Inc (NASDAQ:ULCC) have announced a $6.6 billion merger to create one of the largest low-cost airlines in the U.S. The new airline ... Read more »

    First Trust Energy AlphaDEX Fund (FXN) Hits a 52-Week High

    The First Trust Energy AlphaDEX Fund FXN is probably a suitable pick for investors looking for momentum. FXN hit a 52-week high and is up 59.6% from its 52-week low ... Read more »

    Stock futures inch higher after S&P, Nasdaq fall to start the week

    U.S. stock index futures crept higher during overnight trading Monday, after the major averages moved between gains and losses during regular trading as the market awaits key inflation data later ... Read more »

    Immunovant (IMVT) Reports Wider-Than-Expected Loss in Q3

    Immunovant, Inc. IMVT reported a net loss of 36 cents per share in the third quarter of fiscal 2022 (ended Dec 31, 2021), wider than the Zacks Consensus Estimate of ... Read more »

    Buckle's (BKE) Sales Run Continues in January, Comps Gain 4.2%

    The Buckle, Inc. BKE looks well poised on the back of its robust strategic efforts, including strength in e-commerce business and an impressive sales trend. BKE has been putting up ... Read more »

    6 Best-Leveraged ETF Areas of Last Week

    Wall Street put up a moderate show last week with the S&P 500 (up 1.6%), the Dow Jones (up 1.1%), the Nasdaq Composite (up 2.4%) and the Russell 2000 (up ... Read more »

    Interpublic (IPG) to Report Q4 Earnings: What's in the Cards?

    The Interpublic Group of Companies, Inc. IPG is scheduled to report fourth-quarter 2021 results on Feb 10, before the opening bell. – Zacks Let’s check out how things have shaped ... Read more »

    Mednax (MD) Buys Night Lite Pediatrics to Boost Portfolio

    Mednax, Inc. MD and its affiliated practices Pediatrix Medical Group recently acquired Night Lite Pediatrics, LLC in Orlando, FL. Night Lite is a private 13-clinic pediatric urgent care practice. The ... Read more »

    Best Growth Stocks to Buy for February 7th

    Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, February 7th: – Zacks Apple AAPL: This company whose business primarily runs around its ... Read more »

    Gol Linhas (GOL) Stock up 16.2% in a Month: More Upside Left?

    Shares of Gol Linhas GOL have displayed an uptrend on the bourses over the past month, gaining 16.2% against its industry’s 3.1% decline. – Zacks Image Source: Zacks Investment Research ... Read more »

    Top Research Reports for Bank of America, Coca-Cola & salesforce

    Monday, February 7, 2022 The Zacks Research Daily presents the best research output of our analyst team. Today’s Research Daily features new research reports on 16 major stocks, including Bank ... Read more »

    Sanofi's (SNY) Enjaymo Gets FDA Nod For Rare Blood Disorder

    Sanofi SNY announced that the FDA has approved its monoclonal antibody, Enjaymo (sutimlimab-jome), to decrease the need for red blood cell transfusion due to hemolysis in adult patients with cold ... Read more »

    The Zacks Analyst Blog Highlights: Alphabet, T-Mobile US, Advanced Micro Devices, Mondelez International and Chubb

    For Immediate Release Chicago, IL – February 7, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the ... Read more »

    IRS to stop using facial recognition for identity verification

    Signage outside the Internal Revenue Service (IRS) headquarters in Washington, D.C.Bloomberg | Bloomberg | Getty Images The IRS on Monday announced it will stop using a controversial third-party service for ... Read more »

    Why Mid-America Apartment Communities (MAA) is a Great Dividend Stock Right Now

    Whether it’s through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But when you’re an income investor, your primary focus is ... Read more »

    Surging Earnings Estimates Signal Upside for Xilinx (XLNX) Stock

    Investors might want to bet on Xilinx (XLNX), as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and ... Read more »

    BCB Bancorp (BCBP) is a Top Dividend Stock Right Now: Should You Buy?

    Whether it’s through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But when you’re an income investor, your primary focus is ... Read more »

    The Zacks Analyst Blog Highlights: AbbVie, Merck, Eli Lilly, Novartis and Pfizer

    For Immediate Release Chicago, IL – February 7, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the ... Read more »

    BankUnited (BKU) Stock up 3.4% on New Share Repurchase Plan

    BankUnited, Inc. BKU has announced a new share repurchase plan. The company’s board of directors has approved the repurchase of up to $150 million in shares of BKU’s outstanding stock. ... Read more »

    TEGNA Inc. (TGNA) Soars 7.4%: Is Further Upside Left in the Stock?

    TEGNA Inc. TGNA shares rallied 7.4% in the last trading session to close at $21.34. This move can be attributable to notable volume with a higher number of shares being ... Read more »

    Can BCB Bancorp (BCBP) Run Higher on Rising Earnings Estimates?

    BCB Bancorp (BCBP) could be a solid choice for investors given the company’s remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue ... Read more »

    Earnings Estimates Moving Higher for Marathon Oil (MRO): Time to Buy?

    Marathon Oil (MRO) could be a solid choice for investors given the company’s remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue ... Read more »

    Transport ETFs to Buy on Solid Q4 Earnings

    The fourth-quarter earnings picture for the transportation sector has been robust. This is especially true as earnings of 95.2% of the market capitalization of the sector that has reported so ... Read more »

    The Zacks Analyst Blog Highlights: STMicroelectronics, BP and Asbury Automotive Group

    For Immediate Release Chicago, IL – February 7, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the ... Read more »

    Earnings Estimates Moving Higher for Robert Half (RHI): Time to Buy?

    Robert Half (RHI) could be a solid choice for investors given the company’s remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue ... Read more »

    Are You Looking for a High-Growth Dividend Stock? Bar Harbor Bankshares (BHB) Could Be a Great Choice

    Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor’s dream. But for income investors, generating consistent cash flow ... Read more »

    Comcast vs. ViacomCBS: Which Stock is a Better Buy for 2022?

    The entertainment industry is growing rapidly, with surging demand for over-the-top (OTT) content and other services. Therefore, prominent industry participants Comcast (CMCSA) and ViacomCBS (VIAC) should benefit. But which of ... Read more »

    Here's Why You Should Add Quidel (QDEL) Stock To Your Portfolio

    Quidel Corporation QDEL has been gaining on the back of its strong diagnostics portfolio. A solid third-quarter 2021 performance, along with solid potential in In-Vitro Diagnostics (“IVD”) products, is expected ... Read more »

    Why State Street Corporation (STT) is a Great Dividend Stock Right Now

    Whether it’s through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But when you’re an income investor, your primary focus is ... Read more »

    Labor Department tries to prevent states from clawing back unemployment benefits

    Liu Jie/Xinhua via Getty Images States can forgo clawing back pandemic-era unemployment benefits in a broader set of circumstances than previously allowed, the U.S. Department of Labor said Monday. In ... Read more »

    It's easy to mistakenly skip these forms when filing your tax return

    Steven Heap/EyeEm/Getty Images It's easy to miss necessary tax forms as more companies go paperless, but with mounting challenges at the IRS, filing an inaccurate tax return will only lead ... Read more »