23 September 2021
Welcome to edition 10 of Stock Take – your dose of light reading that’s all about what’s been happening in the share markets. Here’s what’s new this week.
September and October are usually the danger months for stock markets, so it would pay for investors to proceed cautiously for the next several weeks and be prepared to move quickly if there is a slump.
Right now, however, we are not yet seeing any big warning signs. The S&P500 Index in America (black line) has just bounced off its 90 day moving average indicator (gold line) and, as long as it stays above the line, we believe the tone of the market remains positive.
Tip of the Week
This week’s tip of the week is for a logistics company that provides end-to-end supply chain services. The company has been trending well over the past few weeks and the stock price appears to be undervalued.
See the tip here.
See the results of our best performing manufacturing sector company tips over the past three months.
See the performance of all Stockfox tips here.
NB: These are examples of only some 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.
David has recently been featured in Newshub’s ‘Me & My Money’ series, answering some questions about his views and experiences of the share market. Me and My Money investigates Kiwi attitudes towards money and what drives the choices they make.
You can read the Q&A here.