8 December 2021
Welcome to a new edition of Stock Take, our weekly share market wrap up. Let’s have a look at how the share market has been performing recently.
It now seems that the New Zealand market has found its support level, after a 10-week decline and a peak that occurred nearly 12 months ago. The 12,600 level (as seen in the graph below), is one that the index has recovered from on several occasions this year and it is now recovering from this once again.
Latest figures showing record prices for milk should help underpin the New Zealand economy despite the disruptive impact of lockdowns and there is a good chance that our market will enjoy the typical December ‘Santa rally’ that often happens in the lead up to Christmas.
Did You Know
We have a whole bunch of educational resources and articles that teach you the ins and outs of the share market, and is great reading for both new and experienced investors. We’ve written articles about how to know when you should sell a company’s shares, the effect of Covid-19 on the share markets and what investment mistakes to avoid, among many other relevant topics.
Have a read on our website’s resources page here or in the ‘learn’ section of the app.
Tip of the Week
This week’s tip of the week is for an ASX-listed engineering solutions company. The company has recently announced it is seeking acquisitions to accelerate growth and forecast earnings have good growth for the next few years.
See the tip here.
Mined energy and metals are vital resources that supply a number of crucial industries and help keep systems running. Here are the best performing mining-related company tips for the last 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.
NB #2: We’d just like to acknowledge that recently there have been a few stop loss (red) tips. The share market can be volatile and unfortunately we’re not always right; but our average rate of return is still very good, and we hope you continue to enjoy using Stockfox.
Don’t currently have access to Stockfox?
Start your 14-day trial here.
* No credit card needed.