Yovich & Co. Weekly Update - 28 January 2013

Jan 28, 2013 | Commentary

This Week's Themes

  • The markets continued their march upwards as sentiment remains positive for the upcoming reporting season.
  • The New Zealand market is dancing around 4200, reaching 4209 yesterday.
  • Energy and Mineral stocks in Australia outperformed, leading the market higher and helping the ASX 200 to mark a higher lift than the NZ Market.
  • The U.S. markets are buoyant ahead of corporate reports. Apple is dragging down the NASDAQ with the stock now falling below $500 and valuing the tech company lower than Exxon Mobil, making it the 2nd most valuable company in the world.
  • The Kiwi remains strong, trading above 80 cents Aussie and the top of the range for the past 12 months.

Investment News

Investing for Income – Bonds, Property Companies and Australian Bank Shares:

 *Fair Value is based on First New Zealand Capital research.

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About the author

Jarrod Goodall

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