TABLE OF CONTENTS:
0:00 News Topics.
0:31 August Stock Performance Review
1:39 Why US Stock Market Plunges
2:06 NZX Market Weekly Results
3:31 SkyCity Stock Update (SKC - NZX)
5:16 PushPay Stock Update (PPH - NZX)
6:05 Asset Plus Stock Update (APL - NZX)
6:35 a2 Milk Stock Update (ATM - NZX)
7:11 Abano Healthcare Stock Update (ABA - NZX)
7:57 Air NZ Stock Update (AIR - NZX)
8:22 Vista Group Stock Update (VGL - NZX)
9:16 5 Key Investment Lessons
10:35 My Public Portfolio Update $10,594
The previous month August 2020 recorded big volatility in the stock market. Some shares are up by 100%. Good time to be a trader if you have deep pockets and know how to do it. Otherwise, you lose money so stay away if you don’t have advanced skills.
Now let’s look at what's been happening as of the last week, the American market had the biggest one-day falls since June, caused by profit-taking after weeks of record-setting rises and further concern about the United States-China relations. Nasqaq down by 9% at one point.
Investors moved money out of the tech stocks which could get hit the hardest from potential tariff increases.
Because nearly one third of NZX investors are based overseas, the NZ stock market drop followed a sell-off in the US market, particularly in the tech stocks.
However over the last week, share prices came through better than expected.
It was still an ugly reporting season compared with previous years, but compared to expectations it wasn't too bad.
As always, fund managers were seeking meaningful "outlook" statements as to how companies might do in the year ahead.
For the most part, they came up empty-handed. Not a lot of businesses have got certainty.
NZX 50 is down by 2% over the last week.
Dividends, in these days of ultra-low interest rates, come into sharper focus.
We have seen a lot of companies either reduce, or suspend dividends - companies you would usually see as reliable dividend payers.
Do you think now is a good time to invest in any of the NZ tech stocks or should we stay away? Let me know in the comments below. PushPay and Fisher & Paykel were one of the biggest losers last week.
Learn other tips at https://www.MaximSherstobitov.NZ/
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