7 October 2021
Welcome to another share market update from Stockfox. A new month means new developments, so read on to find out what’s trending.
The New Zealand market is struggling to reach new heights as Covid-related lockdowns continue to put a drag on the economy and corporate profits. Higher return investments such as term deposits could make the dividend yields of listed companies relatively less attractive.
The main way to make those yields equally attractive again is if the share price comes down, so investors should beware of this trend, particularly if more interest rate rises occur. A lift in the Official Cash Rate by the Reserve Bank this week has also caused investors to re-evaluate their investments in light of the positive likely impact on deposit and fixed interest rates.
Tip of the Week
This week’s tip of the week is for an ASX-listed retailer and distributor of performance and lifestyle footwear. The company’s outlook is positive as pent-up demand for its footwear is likely to see a boost in sales.
See the tip here.
See the results of our best performing technology sector tips from the past 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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