Saxo Group Videos

#SaxoStrats - BMW slow down about to reverse?

Saxo Bank's Head of Equity Research Peter Garnry outlines his latest #SaxoStrats trade: a new tactical long position in BMW.

BMW stock has hit the brakes this year seeing an almost 30% fall in price mainly due to concerns about China's economy. However, Peter thinks the drop is overdone and could reverse thanks to an accelerated sales growth from zero to 15% in the past year.

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Buy at the market with a trailing stop of €12.18 in steps of €1.22.

02:05 minutes
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