MARKET REPORT
Thursday 27 October 2016 | | | Dear Gutenberg,
Today, we have a new episode of the TipTV Master Investor Show with Swen Lorenz discussing the prospects and post-decimalisation history of GBP, with additional clips from Jim Mellon's speech on post-Brexit vote trading strategy. There is also a discussion of options for diversifying your portfolio, the potential growth of emerging cryptocurrencies and the contents of our next issue.
You can click here to see the full video and be sure to subscribe to our YouTube channel in order to keep track of the latest updates. | | | Tesco (LON:TSCO) used to be a rather dull stock. It was seen as a defensive play with a generous yield and had the potential to expand abroad in Asia and the US. Today, its business is anything but dull. A new management team is in the process of changing the company so that it is once more a UK-focused grocer. It is also taking on discount operators with a new strategy which has thus far been well-received by its customers. However, it now faces its biggest challenge: how to survive Brexit.
The main problem with Brexit is that nobody can say for certain what its impact will be. However, the Bank of England's forecasts are a good place to start and they paint a tough outlook for the UK economy. For instance, unemployment is forecast to rise by over 50 basis points to 5.6%. This could cause consumer spending to come under pressure, since even those individuals who do not lose their jobs may rein in their spending as fears surrounding job losses intensify.
One effect of this could be a return to a situation where customers trade down within the food retail sector. This was popular in the credit crunch when shoppers became more price conscious. With Aldi and Lidl having larger estates than eight years ago, they are more easily accessible for a greater number of shoppers. Therefore, Tesco could lose customers to its cheaper rivals.
| | | LATEST STORIES FROM OUR BLOG | | | by Zak Mir | Trading |  1 mins. to read
Wearables group Cloudtag (LON:CTAG) has been one of the big stock market winners of the year to date. It has been helped along by being in the midst of the Zeitgeist of tech gadgets, as well as health and fitness concerns. Being a fan of a stock which has climbed far and fast over the near term can be a dangerous stance, especially if the cynics start to gain the upper hand.
| by Nick Sudbury | Funds | 4 mins. to read
Last week I wrote about Miton Global Opportunities (LON:MIGO), which is an interesting investment trust that exploits pricing anomalies amongst closed-ended funds. One of its holdings is the New Star Investment Trust (LON:NSI) and I think it is worth a closer look as it offers an intriguing and possibly unique opportunity.
| | by Zak Mir | Trading | 1 mins. to read
It has certainly been a long journey for fans of the would-be Yorkshire Potash miner Sirius Minerals. As most of us are aware, it is usually the case that for mining companies the key is less about the digging, and more about the funding.
| | by Evil Knievil | Evil Diaries | 2 mins. to read
Perhaps ten years ago I first considered the Far Eastern plantations covering palm oil – MP Evans (LON:MPE) in Malaysia and REA (LON:RE.) in Indonesia. The latter was run by a Richard Robinow who struck me as extremely civilised when lunching at Drayton Gardens around that time.
| | by Filipe R Costa | Economics | 4 mins. to read
One year ago the FED was discussing whether it should hike its key rate and thus reverse a policy trend that had lasted for a decade. By then, investors were anxiously awaiting such a move, and even expected a rate hike to be the first of many more to come (albeit gradually) over the course of the following years.
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"It is hard to fail, but it is worse never to have tried to succeed."
Theodore Roosevelt
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