30 June 2022

Here’s what’s new from Stockfox this week:

  • This software solutions company’s share price is showing signs of support.
  • The top performing NZX tips of the past three months.
  • Filter Stockfox tips to follow your favourite markets and industry sectors.

Market Summary

A recent report has found that investment analysts are over-optimistic in periods of recession. The fall in upgrades/rise in downgrades points to much weaker earnings growth over the next six to nine months, it says.

If looming corporate earning reports are below expectations, then further share price declines can be expected. Therefore, investors should proceed with caution in the current market due to the uncertainty during recessions. Have a read of this Zerohedge article to find out more about why profit estimates are mostly wrong when recessions hit.

Tip of the Week

This week’s tip of the week is for a company engaged in the provision of software solutions for corporate travel. The company’s share price has been affected by concerns around aviation travel, but its price is showing signs of support.

We’ve issued four new tips this week.

Serko (NZX: SKO) has a positive outlook as its prospects will likely benefit from improvements in travel affordability.

Marathon Petroleum Corp (NYSE: MPC) appears well priced, and prospects for the energy industry remain bright.

It is an appropriate time to take profits with Beach Energy (ASX: BPT), as its share price has bounced recently.

Manawa Energy (NZX: MNW) is a safe option due to their attractive dividend yield.

See more of our recommendations and analysis here.

Did You Know?

Did you know that you can filter Stockfox tips? You can choose to filter the tips by market, industry, level of risk, long or short selling, trade position (open or closed) and unread tips. This way, you can get just the tips you really want, rather than all of them.

For example, if you’re just after NZX tips that are of low risk, you can choose those filters and remove all others. Or are you after ASX tips that are of high risk in the agriculture industry? You can do that too!

Just go to the tips page, click on the ‘filter’ button and make your choices.

Top Tips

The NZX share market is one of the markets we provide tips for. We scour the options to find the best local companies that have positive outlooks. We don’t always get it right, but when we do, the gain is typically pretty good.

Here are our best and worst performing NZX industry tip from the past three months.

See the performance of all Stockfox tips here.

NB: These are examples of just some of Stockfox trading recommendations. They are not a reflection of the success of all Stockfox tips, nor are they necessarily an indication of the success of any future Stockfox tips. If you act on our advice, there is no guarantee as to the repayment of your investment or any particular rate of return.

Happy trading!