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I always put my head on a swivel to buy the next one. And now, I see the number FTSE stocks look like they could be cracking additions to my portfolio.
Here is one FTSE 100 and one FTSE 250 a stock I would like to buy today if I had the cash.
Games Workshop
The first one is Games Workshop (LSE: GAW). After posting a solid 8.3% gain last year, the stock has maintained its form in 2024. Year to date, we are up 7.3%.
The business has experienced tremendous growth over the past decade. However, it has no plans to slow down. Last year, the company posted its best results. In the 53 weeks ended 2 June, revenue grew 11.1% to £494.7m while earnings per share rose 11.9% to 458.8p per share. That's surprising considering the tough trading conditions we've faced.
I am pleased with the steps the firm is taking to grow its licensing business. Its biggest collaboration in this space has come with it Amazon. Last year, Games Workshop announced a deal with the tech giant that will see Warhammer The universe turned into a series of TV and film content.
With over 200 million people using Amazon Prime, that will expose the brand to a large number of new potential customers.
Games Workshop is the clear leader in the miniatures wargames market, which is another reason I'm a big fan. However, I am wary of increased competition. Since this industry has become so popular, there are many opportunities for many players to enter the space.
But with a loyal customer base, I still support Games Workshop. With strong growth in recent years, the company is looking to expand into North America and Europe.
National Grid
I'm also keeping an eye on it National Grid (LSE: NG.). The stock has had a tumultuous year. After taking a 20% hit back in May, there has been a nice recovery. Year to date, its shares are up 6.7%.
There are several reasons I am drawn to them. The first is its chunky dividend yield. As I write, it is yielding 5.5%. That's above the FTSE 100 average of 3.6%.
There is a caveat though. Its payout will fall this financial year until March 2025 after the business announced a 7-for-24 rights issue earlier this year. This move will increase the number of shares and thus reduce the profits of the shareholders. That said, it's still set to stand at around 5%.
In addition, I like National Grid for its defensive nature. Business keeps Britain strong and that means it often provides a stable income. Over the past five years, the stock has been a strong performer in the FTSE 100, returning 27.8%.
The rights issue that was announced in May is the reason for the decline in the share price. And it puts the National Grid at risk. Is the business not seeing the return on investment it is willing to achieve? That could cause its share price to suffer. Restructuring often comes with these types of threats.
But while it may lead to short-term volatility, I think it would be a good move in the long run. With the money raised, National Grid aims to invest £60bn in its operations over the next five years.
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