1042: Vox Screens Stocks: John & Justin pick a stock that has recently hit a 52 week high

The Vox Markets Podcast

Vox Screens Stocks: John & Justin pick a stock that has recently hit a 52 week high
These are companies whose share price has hit a 52 week high with a market capitalisation of less than £500m.
The “52-week high effect” states that stocks with prices close to the 52-week highs have better subsequent returns than stocks with prices far from the 52-week highs.
John's Pick is: CML Microsystems #CML

CML develops mixed-signal, RF and microwave semiconductors for global communications markets. The Group utilises a combination of outsourced manufacturing and in-house testing with trading operations in the UK, Asia and USA. CML targets sub-segments within Communication markets with strong growth profiles and high barriers to entry. It has secured a diverse, blue chip customer base, including some of the world's leading commercial and industrial product manufacturers.
The spread of its customers and diversity of the product range largely protects the business from the cyclicality usually associated with the semiconductor industry. Growth in its end markets is being driven by factors such as the appetite for data to be transmitted faster and more securely, the upgrading of telecoms infrastructure around the world and the growing prevalence of private commercial wireless networks for voice and/or data communications linked to the industrial internet of things (IIoT).
Justin's Pick is: Argentex #AGFX

Argentex is a leading provider of foreign exchange services to financial institutions, corporates, and private clients globally.
"We are an FCA regulated, founder-led business listed on the London Stock Exchange. We have traded more than $75bn in over 70 currencies for our clients since 2012. Making and receiving payments on their behalf.
We are a profitable, debt-free, cash rich business and operate as a Riskless Principal broker for non-speculative and commercial currency transactions. Whether our clients' objectives are short or long-term, our sharp execution combined with expert analysis achieves material impact on both pricing and efficiency"
Other companies mentioned include: Crestchic #LOAD, Eneraqua #ETP, H&T #HAT, SRT Marine Systems #SRT, Warpaint London #W7L & Zoo Digital #ZOO