A Brief Look At The Week Ahead

At Tesco's annual results on Tuesday, stockbroker Charles Stanley expects CEO Sir Terry Leahy to unveil 2.48bn in pre-tax profits, up from 2.23bn the year before. The City will be eager to talk about is Tesco's expansion plans abroad, principally in China and the US. The retailer unveiled plans last year to open a chain of Tesco Express-style stores on the West Coast of America, wading into territory that has been a graveyard for most UK retailers that have tried to cross the Atlantic. But with Warren Buffett, the billionaire US investor, having bought a big chunk of shares last year, it will be hard to bet against the company. Rio Tinto will reveal its production numbers on Wednesday, which are expected to be strong. But there will be no forward-looking statements that could give a hint of its thinking. When Clinton Cards announces interim results on Thursday, it is hoped it will report good progress with the store-modernisation drive that ate into last year's earnings. CEO Don Lewin has said the greeting cards seller plans to sell up to 80 stores in the UK by mid-summer and purchase 15 new locations in an effort to improve the focus on its two main brands, Birthdays and Clinton's. Last year, the company reported its first annual loss in more than a decade. W H Smith hopes to deliver its own upbeat restructuring story with interim results on the same day. The company closed its final salary pension scheme last month in a move that it says will save 5m per year. With such moves, CEO Kate Swann has deftly managed to increase profits despite falling turnover. Investors are wondering if she will be able to pull off the same trick again. Amongst others in the spotlight this week will be Zirax on Monday; Pipex Communications and Debenhams on Tuesday and Signet on Thursday. Good hunting! Greystone Thanks, as always to Digger, Kyoto and Supermum for their invaluable input to the Traders Thread (Greystone is Alan English, City Editor at MoneyAM.)

This is my Analysis selection for the "UPS" this week GAR

Share	Volume	Chart	News	Various
GAR price 6.00p	Increasing volume buying last Friday	Retracement from intraday high of 10p bouncing last Friday as share price reached 20 day MA	Two weeks ago the company announced a sharp rise in full-year pretax profits and said its prospects remain good	Forecast on my books is for 0.410M for next year , this puts the shares on a very low PE of 4.5 really cheap

Charts for GAR

5 days chartbollinger bands, MACD

3 month

"UPS" (Added by Master RSI on Sun 15 Apr 10:44 pm)

GGG - Mid 10.25p
Reason - Large volume last Friday as the formation of Inverse Head and Shoulders on the chart signals the end of a long downtrend, Gold and Copper prices on the rise lately, and news last week of drilling at the Nimu Copper - Molybdenum Project has commenced
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Chart for GGG,
Signaling the end of the downtrend as the BREAKOUT of the neckline is signaling the new UPTREND

Friday's market reports:

Telegraph
Telegraph (Bloomberg summary)
The Times
FT
The Guardian
The Independent
This is Money

Risk of oil crunch as OPEC squeezes tightening market
If you've ever wondered what it's like to live in a golden age, this could be it now
Principles of economics, translated (video)

OUTLOOK - UK smaller company results for 2 weeks to April 27Asian markets summaryAsian economic and corporate news summary

OUTLOOK - UK smaller company results for 2 weeks to April 27

Good morning traders!

In Asia today, the Hang Seng closed the morning up 279.24 points at 20,620.21,
while the Nikkei recently stood at 17,640.36, up 276.41 points.

New York's main oil futures contract, light sweet crude for delivery in May, was 8
cents higher at $63.71 a barrel from $63.63 in late US trades Friday.

Happy trading!

G.

EMG upgraded to overweight from neutral - target 640 from 512 - HSBC
HMV reiterated neutral HSBC
INSP initiated buy - target 208 - Dresdner Kleinwort
BARC reiterated neutral - JP Morgan
KGF downgraded to neutral from overweight - HSBC
KGN reiterated overweight - target 290 - HSBC
MPI buy - target - 665 from 600 - Goldman Sachs
NXT downgraded to neutral from overweight - HSBC
RBS reiterated overweight - JP Morgan
SMDS sell - target - 200 from 210 - Goldman Sachs
TPK reiterated neutral - HSBC

The Monday Press Roundup

AAL downgraded to hold from buy - Citigroup
BLT downgraded to hold from buy - Citigroup

London shares outlook - Firmer after Wall Street gains Friday; M&A action key

Morning all.

NIKKEI	AUSTRALIA	SHANGHAI	HANG SENG

SBRY downgraded to underperform from neutral - target 475 from 480 - Morgan Stanley
TSCO downgraded to neutral from overweight - target 455 from 441 - Morgan Stanley

OUTLOOK - UK smaller company results for 2 weeks to April 27Thomson Financial UK at a glance share guideThomson Financial UK at a glance share guide - weekend

China to become net coal importer in 1-2 years - state researcher