24 November 2021

Welcome to a jam-packed edition of Stock Take. We have an exciting announcement to share this week, plus other interesting share investment updates.

Special Announcement

We’re pleased to share the news that we’ve partnered with Sharesight, a secure, online portfolio tracker and performance reporting tool. The partnership means that you’ll be able to monitor and track the performance (and tax implications) of the Stockfox tips you act on, and all the other investments you’re holding in your portfolio, alongside the advice and analysis you receive from Stockfox in the app.

You can easily link your Stockfox and Sharesight accounts. Just go to your settings in Stockfox, select the Sharesight tab and connect your accounts. Or click on Portfolio and follow the prompts.

Read more on our blog here.

Market Overview

Once again, the NZ market has been weak and is underperforming other Western markets. As the graph below shows, over the past two months, the NZX50 Gross Index has taken a tumble and is now no higher than it was a year ago.

Most likely, offshore money is leaving our market to go back to the USA, where inflationary pressures are increasing the probability of interest rate rises over there. Any rise would likely see the US dollar go up, hence the lack of enthusiasm right now for NZ dollar assets. That said, for Kiwi investors, lower prices may see the emergence of bargains in what has been a very heated market. In particular, we encourage investors to look out for companies offering attractive dividend yields.

What’s New

David was recently approached by Newshub for his opinion about a Tesla investor’s 313% gain on a US$1.9 million investment. An important point David warned about was not to forget that there’s a difference between price and value.

Read what else he had to say here.

Tip of the Week

This week’s tip of the week is for a NZX-listed pharmaceutical distributor and developer of pharmaceutical intellectual property. The company is experiencing high levels of growth and earnings per share are forecast to grow by at least 40% in each of the next two financial years.

See the tip here.

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 our top performing medium risk tips from 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.

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