Nick Raynor, investment adviser at The Share Centre, gives his views on companies reporting this week (w/c 4 January 2011).

Wednesday 5 January 2011

Next - Christmas trading statement

If the queues at our local stores are anything to go by, the Next Christmas sales have gone well. It looks as though shoppers who didn't manage to get out prior to Christmas are certainly making up for it now. We would be disappointed if this statement was not positive, and would probably have to reconsider our recommendation. However until then we continue to recommend investors ‘hold'.
HOLD.

Domino's Pizza - Trading statement

Delivery drivers managed to get through some of the bad weather conditions, but we are sure that trading will have been slightly affected by the poor weather over the festive period and before. However, during the majority of 2010 the company has been a star performer and we believe this momentum will continue. We are expecting a positive update, and upward and beyond for 2011.
BUY.

Autonomy - Trading statement

Autonomy has recovered from the severe fall in its share price earlier in the year; however we are waiting for this trading statement before considering a change to our current ‘sell' stance. Competition in the US is hotting up and although the company recently won a small contract in the region, we would need to see something on a larger scale before changing our current opinion.
SELL.