…and some to hold, avoid or sell

Anglo American

The Sunday Telegraph

Shares in the large mining firm have more than doubled since last March, and are well above pre-pandemic levels. But the stock is highly cyclical, and further company results are on the way. Take profits. Sell. £26.28.

Avon Rubber

The Times

The sale of the non-core dairy business has enabled the rubber specialist to cut debts and reduce its pensions deficit. Benefiting from surging demand for respiratory masks for the emergency services. Hold. £34.20.

Axon Enterprise

The Daily Telegraph

Recent events in Washington may have prioritised US spending on law enforcement – good news for Axon, which makes non-lethal Taser weapons. Shares have soared, but this is a solid long-term play. Hold. $159.36.

Sage Group

The Times

The accounting software specialist has slimmed down and is moving towards a cloud-based service, promising more predictable revenues. Competition is fierce, but shares are cheap. Yields 3%. Hold for income. 601.2p.

Superdry

Investors Chronicle

Despite rising e-commerce sales, inventory problems have hastened a 23.4% revenue fall at the fashion retailer. 173 stores have closed and there’s uncertainty around debt covenant tests. Sell. 207p.

Synairgen

The Daily Telegraph

Synairgen has developed a respiratory drug for Covid which has proved effective in early testing. The stock has soared, but it’s volatile – and the trials aren’t yet complete. Bank winnings. Sell. 171p.