27 April 2022

Here’s what’s new from Stockfox this week:

  • NASDAQ vs S&P 500 — Should caution be thrown to the wind?
  • Two higher risk Stockfox tips do well.
  • Learn more about our founder, David McEwen’s, interesting journey from journo to share market analyst to fintech CEO.

Market Summary

The graph below is comparing the NASDAQ composite index (black line) to the Standard and Poor’s 500 (aka: S&P 500) (gold line) in the last month. Although the graphs are basically identical, the NASDAQ has fallen slightly more than the S&P 500 due to shares of enormous technology companies such as Tesla (NASDAQ: TSLA) and Amazon (NASDAQ: AMZN) falling in price.

These companies are extremely expensive due to their fast-growing nature. However, if the growth is not there, further decline must not be ruled out and caution should be taken moving forward if buying the dip is on your mind.

Tip of the Week

The volatile nature of the share markets of late has meant we’ve only issued sell recommendations in the past week and no buy tips.

Axalta Coating Systems‘ (NYSE: AXTA) shares rose several percent after reporting a strong interim result; and after a period of strength, Cleanaway Waste Management (ASX: CWY) is hitting a resistance level and is starting to trend downwards.

These reasons have led our team to recommend Sell: Take Profits tips for both companies.

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 three of our best performing higher risk companies over the past three months.

See the performance of all 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.

What’s New

In the latest issue of NZ Business Magazine, our founder and lead analyst David McEwen shares his journey about how his career in share market analysis brought about Stockfox, and what the plans for the future of the app are.

Have a look for the magazine on shelves. The article was also published on their website which you can read here.