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Upcoming FTSE 350 change re Johnson Matthey and HSBC?

By Chris Bailey of Financial Orbit | Sunday 1 May 2022

Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Three weeks ago, I told you why it was wise to buy shares in Johnson Matthey (JMAT); so, it was pleasing to see a near 20% rise in its shares on Friday, after Standard Industries took a 5% stake.  A potential bidder, or just a smart investor?  Could be either. What I do know is that, in my opinion, the share is still cheap, and it makes more sense for it to be in the 2500-3000p range than a 22 quid-plus share price.  So, this one remains a BUY for me.  But whilst this one is an easy hold, what about HSBC (HSBA)...?

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