BP should be OK as that is where a lot of pension funds have at least 2% of their funds tied up, and investors tend to drip feed.
There are also many investors out there who have recently gone into the market to top up their tax free ISAs. Don’t be surprised if the rules are changed in an emergency budget, as the chancellor will be looking to increase his funds.
In terms of stock market investments, I’m a big fan of Lloyds. Although it isn’t paying dividends at the moment that will make it more attractive for the longer term. The problem might be if the government put pressure on lenders to help business. A lot of loans could then become toxic with the likelihood of default. Lloyds do have a mountain of assets though.
I like Taylor Wimpey and Redrow. Housing will lead us potentially out of recession, and builders will be one of the first to return to work.
Anyone any thoughts on Vodafone? I’m concerned about the Chinese connection, but again a good sold stock. I like the look of Legal,and General too. Very good payouts, and income assured