Daily Stock Market Report (Tue 31st March 2026) - ULVR, FUTR, PEEL, ANP, BRCK, JHD, BAG

Good morning! And welcome to our final report of Q1.
The FTSE was strong throughout yesterday’s session and is set to open today just below 10,100.
March has been a very tough month for stock indices  - the FTSE is down 6% - but we are seeing a little strength to finish it off.
Markets yesterday were weighing up a) Trump’s willingness to scale down the war against Iran earlier than expected, and b) the potential for the Fed to cut rates this year, instead of raising rates, as outgoing Chair Jay Powell said that the Fed was not responsible for supply shocks.
Market forecasting at the moment is primarily an exercise in telepathy - what does Trump really think? What does the Fed really think?
What I do know is that the FTSE is on a trailing P/E ratio of about 16x, while UK small caps are at about 14x.
That compares to c. 25x for the Samp;P 500.

We're out of time for today, but if the rest of this shortened week is quiet, we should get to do a few backlog sections. Cheers!
Spreadsheet accompanying this report: link.

Companies Reporting
Name (Mkt Cap)RNSSummaryOur view (Author)AstraZeneca (LON:AZN)...