Stock Movers Next Xmas, Ocado Gains, Infineon Rises
Jan 6, 2026
Next has raised its profit forecast for the fifth time this year thanks to stellar Christmas sales, though growth may slow ahead. Ocado shares jumped after being placed on positive catalyst watch by JPMorgan, highlighting its status as the UK's fastest-growing grocer in December. Additionally, shares of Infineon and STMicro rose as optimism grows around a recovery in industrial and automotive chip demand, showcasing a shift in the market.
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Next's Strong Christmas But Slower Year Ahead
- Next raised its profit target for the fifth time this year after strong Christmas sales, especially internationally.
- Chloe Malay warned Next expects slower profit and sales growth next year due to rising unemployment and weaker wage growth.
Ocado Gains From Stabilized Operations
- JP Morgan put Ocado on a positive catalyst watch citing improved operational stability and a stronger balance sheet.
- Chloe Malay noted Ocado was the UK's fastest-growing grocer in December, boosting sentiment after Kroger setbacks.
Microchip Signal Lifts Auto And Industrial Chips
- Microchip's raised sales guidance signals recovery in industrial and automotive chip demand.
- Chloe Malay said that lift helps European chipmakers like Infineon and STMicro that faced below-trend December quarters.