Hot Stocks – Invocare and Citigroup

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Michael McCarthy, chief market strategist at CMC markets has picked Invocare (IVC) for his like this week.

He says that despite a 37% lift in full year profit the stock is under pressure.

“Investors have reacted badly to management’s plan to re-invest in the business. In the short term earnings will likely fall as facilities are taken off line for refurbishment, but in my view this will further cement IVC’s leading position in its key markets.”

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