It’s a happy day for my portfolio as the three worst-performing FTSE 100 shares I hold are today’s biggest climbers.

With the UK’s blue-chip index up more than 1% this morning, most of the shares I own are doing nicely. I’m thrilled to see these three leading the charge. It suggests they have bags of recovery potential as investors see brighter times ahead.

My biggest riser is the biggest faller of the lot, luxury fashion chain Burberry Group (LSE: BRBY). It’s up 5.36% as investors celebrate yesterday’s 0.5% interest rate cut by the US Federal Reserve.

Stocks are flying this morning!

I’m not getting carried away. Even after this morning’s spike, I’m sitting on a 40% paper loss. Others have it worse. The Burberry share price is down a brutal 71.32% over 12 months. I bought hoping for a bumper yield, but the dividend has been axed.

Burberry’s shares still look cheap, trading at 8.21 times earnings. If I had cash to hand, I would buy more. Luckily, I think there will be more buying opportunities. Burberry has lost its identity, and will take time to claw it back. The road to recovery will be long and bumpy, but today offers a flash of hope.

The Glencore (LSE: GLEN) share price is also having a barnstorming day, jumping 5.12%. Like every other mining stock, it has been hit by the slowdown in China. The feared US hard landing hasn’t helped. Despite today’s rally, Glencore shares trade 17.18% lower than they did a year ago.

They also look good value, trading at 11.4 times earnings. Glencore’s dividends aren’t quite the force they were though, with a trailing yield of just 2.56%. However, I’m hoping for more. Last month, CEO Gary Nagle flagged up prospects for “for potential top-up shareholder returns, above our base cash distribution, in February 2025”.

If the China economic crisis gets worse, Glencore shares could still take another beating. Mining companies are always at the mercy of events, such as natural disasters or extreme weather. Yet I’ve seen the light and I’m keen to buy more.

Blue-chip recovery hopes

The same goes for spirits giant Diageo (LSE: DGE). Like Burberry, I bought this after the board issued a profit warning, only to be caught by further bad news.

The Diageo share price is up 3.25% today but is still down 21.14% over 12 months (and 33.67% over two years).

Diageo has been hit by the global economic slowdown too, with most of the damage done in its Latin American and Caribbean division, where sales plunged. Diageo made a dash for the premium drinks market, only to lose out as cash-strapped drinkers traded down to cheaper local rivals.

Today, its trades at 18.93 times earnings, which is pricier than both Burberry and Glencore, but cheap by Diageo’s standards. The yield is 3.12%.

My underlying concern is we may be witnessing a generational shift in attitudes towards alcohol, as Gen Z drinks less. But I think there will be enough drinkers out there to drive sales, once the global economy picks up. I’ve already got a big position in Diageo, otherwise I’d buy more today.