2 December 2021

Welcome to another issue of Stock Take. We can’t believe it’s already December! As we all start to wind down for the year, keep in mind that the share market never sleeps, so read on for the latest updates.

Market Overview

Where the US markets go, the rest of the world tends to follow. That’s why it pays to keep a close eye on the major US indices, such as the Dow Jones Industrial Average (black line on graph). As you can see, it’s fallen below its 90-day moving average line (gold line), which history has shown is a bearish indicator that could lead to further falls. It’s also apparent that 34,000 is a key support line.

If that line is breached, we encourage investors to reduce their exposure to riskier shares and think about taking some short positions (where you make profits if share prices go down).

Did You Know

Did you know that David writes a fortnightly newsletter called the McEwen Investment Report? It’s about hot share market investment opportunities for companies in the NZ, Australian, UK and US markets. The newsletter also includes finance and economics-related current affairs news from across the globe.

If you like to read in-depth news about local and international share markets and what’s happening in the world, you can sign up for a free trial here. You can also check out the website here.

Tip of the Week

This week’s tip of the week is for a company engaged in the marketing and distribution of healthcare and animal care products. The company’s share price has risen over the past few years and its forecasted earnings are positive.

See the tip here.

Top Tips

Stockfox tips are rated according to the risk profile of a company and its issued stocks. We have three levels of risk: lower, medium and higher. Here are our top performing higher risk tips from the last six 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.

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