8 February 2022
Welcome to another edition of Stock Take, where we discuss what’s trending in the share markets. As we begin a new month, let’s take a look at what’s new.
Market Overview
The AU: XAO (All Ordinaries Index) has made a significant recovery back to the 7,400 mark after a sharp decline in the past few weeks. This could be because of the increase in mining ore prices; as well as the tourism industry recovering after Australia’s border announcement.
However, with Omicron still looming, the tourism industry’s recovery may have been slightly premature. It will be best to keep an eye out on the market to see whether the upwards trend will continue, or if it will start to turn around again.
What’s New
David was approached by one of our partners, Sharesight, for his thoughts on what the share markets might be like this year. He, along with a few other share market experts, comment on topics such as investing trends and things investors should be wary of in 2022.
Have a read of it here.
Tip of the Week
This week’s tip of the week is for an ASX-listed healthcare company. The company’s share price has been weak as investors anticipate the revenue from Covid-related products will decline, but the underlying business is sound.
See it here.
Top Tips
Let’s visit the US and look at what our best performing NYSE-listed companies over the last three months are.
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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