1 September 2021
Welcome to this week’s edition of Stock Take. As the Covid-19 movement restrictions continue
The New Zealand stock market (green line) has shown a burst of life recently, for the first time in several months, and has been outperforming both the Australian (blue line) and US (purple line) markets lately.
Investors have reacted positively to recent financial results, which have shown many companies are performing well despite Covid-related economic and supply-chain disruptions. In particular, companies which offer online ordering and delivery services are going from strength to strength and are likely to continue to do so for some time.
Tip of the Week
This week’s tip of the week is for an ASX-listed company engaged in receiving, processing, manufacturing and distributing dairy and other food-related products. The company has turned in a strong full year result, aided by an acquisition earlier this year. Its share price has rebounded off a recent low and is showing strong momentum.
Read the tip here.
See the results of our best performing NYSE (New York Stock Exchange) tips over the past three months.
See the performance of all Stockfox tips here.
NB: These are examples of only some Stockfox trading recommendations and 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.
We’re delighted to feature in the spring edition of leading New Zealand investment magazine, “Informed Investor” (formerly called “Juno”).
You can read the article on their website here.