20 January 2022

Welcome to the first Stock Take newsletter for 2022. We hope you had a relaxing break. Now it’s time to get back to achieving your investing goals. Here’s an update of what’s been happening in the share market.

Market Overview

In recent months, the Dow Jones Industrial Average Index (DJIA) has been underperforming other markets when compared to the 90-day moving average. Since 2022 began, it’s declined from just under 37,000 to 35,000.

However, there seems to be support at the 35,000 mark and a rebound is somewhat expected if it follows previous trends. The floor for the DJIA is at 34,000, as it has bounced off this mark multiple times in the past 12 months. So there’s no need for panic until it has broken through this line.

What’s New

Our resident share market expert and founder of Stockfox, David McEwen, has his fair share of opinions and predictions about the share market. He’s written an opinion piece about the reasons why investors might see a ‘melt up‘ of equity prices in the share market (as opposed to the more familiar ‘melt down’ of the markets). You can read it on our website here and in the Learn section of the Stockfox app.

Tip of the Week

This week’s tip of the week is for one of the largest online marketplaces in the world. Its share price has been weak due to political interference, but those pressures appear to be easing; and combined with new measures to stimulate its home country’s economy, the outlook for the company is bright.

See the tip here.

Top Tips

We’ve issued three new tips so far this week. While The Warehouse Group didn’t perform as well as we’d hoped, we’re expecting Cleanaway Waste Management to improve, and for those that bought Activision Blizzard, they’ve had an excellent gain of 24% in just two weeks.

As for our top tips, let’s start local and see what our best performing NZX-listed companies for the last three months are.

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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