Property, which frankly has had it pretty good over the last 10 years or so, is finding the current state of the market tough going. The problem for St Modwen and others in the sector, is that things are going to get worse before they get better. Investors should continue to avoid the whole lot. Sell says the Independent.

Much of SDL's work is to translate electronic content into foreign languages. Yesterday it issued a cheery trading update, which said six-month revenues expected to be up 37% to £75m. Even in the middle of a downturn, there will still be some companies that do well, and SDL has so far not felt the effects of the credit crunch at all. Buy says the Independent.

Despite Low & Bonar's strong performance, the shares are not performing well, which it puts down to "smallcap malaise" and the fact that the investors still see the group as closely linked to the toxic house-building sector, which makes up less than 5% of one of its divisions. The stock is undervalued and investors should take heed. Buy says the Independent.

While prospective buyers sit on their hands, shares in Kingfisher, one of the world’s biggest DIY companies, with interests in Britain, Europe and China and annual sales of £9.4bn, have slid to a record low.

There is little to suggest an upturn is likely in the DIY market for some time yet, but B&Q could be among the better-placed groups in Britain when consumers start to spend again. DIY is one of the few areas, for instance, where supermarkets such as Tesco have not made much headway, despite their aggressive nonfood expansion. Meanwhile, Screwfix, the mail-order and internet supplier to the building trade, has significant potential. Retail stocks still come with a heavy health warning, given the risks to the economy, but expect Kingfisher to jump sharply when the consumer starts spending again says the Times.

A trading update on Thursday should confirm healthy prospects for semiconductor wafers group IQE across a number of markets, including next generation solar panels and lightbulbs.The share price of 15p more a reflection of short-term concerns over handset growth than prospects for higher volumes and longer-term involvement in next generation chips and those with a medium to longer-term view should buy says the Times.

Entertainment Rights's merchandising and licensing income tends to get hit in an economic downturn and there is less money around for commissioning new children’s shows in the core British market. At yesterday’s bombed-out 4.8p, Entertainment Rights trades at 3.2 times this year’s expected earnings. The market may be tough, but that is temptingly cheap. Buy at this level says the Times.

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