Australian Investment Blog

Looking at 5 more stocks that ‘BREXIT’ has affected Last night, the Dow rallied over 250 points from its lows as market jitters around BREXIT eased. These markets are simply knee-jerking around, as any news hits the trading screens. It was the awful news overnight that UK politician, Jo Cox had been tragically murdered in the street by someone shouting "Britain first!" leading to halt in campaigning by both the camps. However, it should also be remembered that history tells us, albeit from a small number of examples, that it was over the last week that supports swells for what people know as safety first kicks in i.e. "Stay" in the EU. We remain of the opinion that the BREXIT vote will be to "Stay" and hence, continue our search for affected stocks that may be showing value now, or over the coming week. Interestingly last night, the VIX / Fear Index fell back under 20%, implying investors are either regaining comfort that Britain will remain, or they have bought all their puts / protection they need! The ASX200 has recently corrected 5.2%, with BREXIT jitters the main contributor, hence it's time to spend some of our ~36% cash allocation. Today, we will look at another 5 stocks with decent UK exposure after yesterday’s similar report.
Show more...