News

Closer to home, while the overall index moves in NZ and Australia have been relatively muted of late, under the hood there are big individual stock moves as we move through reporting season.

The Federal Reserve, despite its efforts to support the economy, raised concerns that the US economic recovery from the devastating effects of the pandemic continues to face a highly uncertain path – denting investor sentiment. 

The bear market that started in late February for the US S&P 500 is the shortest in its history

We remain BUY rated on Summerset as our top retirement pick due to the MET takeover, and as it  is more attractively valued than peer Ryman Healthcare.

Global markets were mostly lower on Friday on the back of mixed economic data and as US stimulus talks remain in a stalemate.

TLS sell off appears overdone and has created a good opportunity to Buy for all investors at $3.10. The chart shows that primary support @ $3.03 that was also our entry the last time is strong support and should hold on any further slide in the prices.  F

SYD touched its recent peak at $7.07 in June and since then the stock has retracted back to as low as $5.13. Support at $5.00 is strong and should hold in a downward movement.