14 October 2021

Welcome to the latest issue of Stock Take, where you’ll find the latest information about what’s new in the share markets.

Market Overview

Something is seriously wrong with the New Zealand share market. The graph below shows the NZ50 Capital index (black line) has barely broken even over the past 12 months, while the Australian market (blue line) and the US market (gold line) have been in lockstep in growth by around 20%.

This probably reflects the negative impact of lockdowns on some of our bigger companies and the shortage of online and technology businesses relative to the other markets. These types of businesses have seen their profits boom because of their lack of physical infrastructure and lack of reliance on traditional supply chains, which remain seriously disrupted.

Tip of the Week

This week’s tip of the week is for an explorer, developer and miner of gold assets in Western Australia. The company’s earnings are forecast to have good growth over the next few years and it has made an acquisition offer for another resource company which will further increase earnings.

See the tip here.

Top Tips

Interested in how listed freight companies have been faring given the Covid restrictions? See the results of our best performing transport sector tips from the past three months.

See the performance of all Stockfox tips here.

What’s New

Stockfox is now listed as an official data vendor on the NZX website. We use market data feeds from the NZX, ASX and US stock markets to bring you up-to-date price and volume information about the shares we think are the ones to watch.

We join the list of iconic brands accessing that data, which includes the Financial Times, Credit Suisse and Macquarie Bank.