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Building related plays dominate as Liberum screens for best UK cyclical plays

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Broker Liberum has given investors something to ponder over the long weekend as it screened for the top-five UK cyclical plays.

The rationale for looking at these plays is “an unexpectedly doveish August Inflation Report, along with signs of further slack in the labour market [which] has driven fears of an early rate rise into the background”, according to strategist Sebastian Jory.

The list is dominated by building-related plays, with Taylor Wimpey (LON:TW), Bellway (LON:BWY), Travis Perkins (LON:TPK) and Howden Joinery (LON:HWDN) mentioned.

Also on there is ITV (LON:ITV), which is picked for its dominance of the UK market and its relatively cheap valuation.

“We anticipate a healthy year of advertising growth for ITV,” says analyst Ian Whittaker.

“The combination of the World Cup effect, better consumer environment and fierce competition in certain advertising segments (e.g between BskyB and BT in pay-TV and broadband) reinforces our views.”

 

Quick facts: Bellway PLC

Price: 3229 GBX

LSE:BWY
Market: LSE
Market Cap: £3.98 billion
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