Next Xmas, Ocado Gains, Infineon Rises
On This episode of Stock Movers:- Next raised its profit forecast for a fifth time this financial year after sales at the British retailer soared in the key Christmas period.- Ocado shares rose as much as 8.6%, hitting the highest level since September, after the stock was placed on positive catalyst watch at JPMorgan. Sentiment was also helped by a monthly report from an industry researcher showing that Ocado was again the UK’s fastest-growing grocer in December.- Infineon and STMicro shares rose on Tuesday after US peer Microchip said sales for the quarter ended December will be…
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