It's worth putting some stock in Davy's hot tips
If you're thinking of dipping your toe into the stock markets in the New Year but are unsure which stocks to pick, Davy has just published its latest stock tips.
Aryzta, which is known for its Cuisine de France range of French breads and pastries, is one of those tipped by the Irish stockbroker.
"Through a series of acquisitions, Aryzta has built a list of world-class customers including McDonalds, Subway and Starbucks," said Barry Dixon, Davy's head of research, last week. "The company is currently in the process of implementing a restructuring programme, which is aimed at improving operational efficiency within the business."
Another Davy stock tip is UDG Healthcare, the healthcare distributor formerly known as United Drug.
"UDG has established strong partnerships with some of the leading global pharma companies," said Dixon. "It will leverage these relationships to grow its business outside of its traditional markets in Europe and the US."
The Irish stocks tipped by Davy include packaging giant Smurfit Kappa; banana supplier Fyffes; fruit and veg distributor Total Produce; ferry operator Irish Continental Group; recruitment firm CPL and travel software firm Datalex. Bank of Ireland also got the thumbs up from Davy as did the insurer FBD.