• The FTSE 100 was one of the worst-performing major indexes in Europe in September. However, UK investment bank, Barclays, in a research note, said stocks in the UK region were cheap and under owned. 
  • The UK market is “foreign exchange sensitive” and with the GBP likely to be choppier due to Brexit uncertainty, Barclays predicts the FTSE 100 will improve, which could create opportunities for investors.
  • Barclays outlines seven UK stock picks with catalysts in the fourth quarter and two stocks to sell.
  • “Our seven OW-rated stocks have an average upside to our PT of 26%; whilst our two UW-rated stocks have an average downside to our PT of -27%,” said Barclays’ equity analyst, Richard Taylor, in the note.
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The FTSE 100, the UK stock index that tracks the biggest 100 companies on the London Stock Exchange, was one of the worst-performing major indexes in Europe in September.

UK assets were hit hard due to a surge in COVID-19 cases in Britain, along with tighter restrictions on movement and renewed concerns over Brexit. 

FTSE 100 index on October 9

FTSE 100 index on October 9

Business Insider Markets


However Barclays, the British investment bank, still sees opportunities within the UK.

Until last month, the bank had an underweight rating on the UK but this has now switched to medium-weight.

In an October 8 research note, the bank acknowledged that the uncertainty of Brexit combined with “waning” fiscal support could leave the UK with slower recovery. However, with the UK being a foreign exchange sensitive market, the pound is likely to be choppier due to uncertainty around Brexit, which could help with the FTSE 100’s poor performance and create opportunities for investors.

“The [UK] region is under owned, cheap

Wyndham Hotels & Resorts and Barclays just launched a brand new credit card program for their 10-year co-brand partnership. This refresh includes three new cards that can help you maximize rewards and earn free nights at Wyndham properties faster.

The three new cards include: Wyndham Rewards® Earner℠ Card, Wyndham Rewards Earner Plus Card and Wyndham Rewards Earner Business Card. The new suite of cards replace the old Wyndham Rewards® Visa® Card, which is now closed to new applicants. Old Wyndham Rewards card holders can continue to use their card or migrate to one of the new cards. 

CNBC Select shares what you need to know about the new cards.

Wyndham Rewards Earner Card

The Wyndham Rewards Earner Card is the entry-level card with no annual fee. This card is similar to the old Wyndham card and continues the same welcome bonus offer: Earn 30,000 bonus points, enough for up to four free nights at participating Hotels By Wyndham, after spending $1,000 on purchases in the first 90 days from account opening.

However, the new card is better thanks to increased rewards rates:

  • 5X points on Hotels By Wyndham and gas purchases
  • 2X points on restaurants, at grocery stores (excluding Target and Walmart) and on eligible purchases made at Wyndham Timeshare properties (including maintenance fee and loan payments)
  • 1X point on all other purchases
  • Plus earn 7,500 bonus points each anniversary year after spending $15,000 on purchases

Beyond rewards, you’ll receive Wyndham Rewards Gold membership, which includes free wifi, late checkout, preferred room selection and more. This perk also remains the same as the old card.

Wyndham Rewards Earner Plus Card

The Wyndham Rewards Earner Plus Card is the more premium offer with elevated rewards and benefits. This card has a $75 annual fee, though that’s much lower than luxury credit