Market Round Up: Global Stocks Slide 📉 Aussie Watchdog Hounds Tech Giants 🐶

by | 10 Dec, 2018

 

1. Global Stocks Slide

It would seem that last week’s bad run of form for global stocks may only be the beginning as investors gear up for another week in the red. Asian markets woke up to a sea of declining equities this morning which is likely to contaminate Europe and then the US as the day goes on – yikes!

Last week, Wall Street’s major indexes lost more than 2% during Friday’s selling spree that has thoroughly spooked investors. The dollar index also weakened after poor jobs report data gave tentative signs that the US economy has peaked.

China and its Asian counterparts, Japan, South Korea and Australia are also feeling the pinch with all of their major indexes losing a few percent and showing signs of economic vulnerability.

The overall picture this gives us is a worrying one. The week ahead is likely to be a challenging but important milestone for investor confidence – which had returned slightly after many alarmists were calling a recession at the end of October.

Another big week of losses could erase all of the rebuilt confidence and send markets into a considerable downward spiral. Let’s hope some stable ground can be found or the little waves of red may become a tsunami before we know it!

 

2. Aussie Watchdog Hounds Tech Giants

Australia’s competition watchdog and regulatory board has joined the US to crack down on the online advertising dominance enjoyed Alphabet’s Google and Facebook and the spreading of ‘fake news’ – its about time!

Competition Chairman, Rod Sims, highlighted that Google’s 94% share of web searches in Australia gives it unprecedented market power – and with great power should come greater responsibility.

Sims accused google of having an opaque ranking system that incentivises it to favour its own businesses over competitors’ advertisements which unfairly influences users. The regulator is tasked with keeping an eye on this and trying to bring some transparency to the market.

Both tech giants have been battling global cases against privacy breaches which has filtered through into their stock prices. Greater regulation will likely squeeze tech firms to rule out some of their grey area practices, and push them further into the red for the year.

All we know is that the watchdog is on the case, and he may still have more questionable practices to sniff out…best of luck Google and Facebook.

Today we are watching…

1. 3M (#mmm)

US industrial conglomerate, 3M, slid 2.19% on Friday to close the week in the red. Global markets took a beating last week and it may not be over for 3M. Sellers will likely be in control towards the end of the year so keep on the lookout for more selling opportunities than buying.

2. The Cheesecake Factory (#cheesy)

The Cheesecake Factory also had a tough week as it moved below a key level at $47. Sellers managed to shave 8.2% off its share price in the last month and there may be more pain to come. This latest sell-off has forced brokers to downgrade #cheesy from a buy to a hold rating, which does not bode well for their outlook going into 2019.

 

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ALL RIGHTS RESERVED © INVSTR LTD. 2018

Risk Disclosure:

Invstr is a technology platform, not a registered broker-dealer or investment adviser. Invstr does not offer its own recommendations of any security or provide its own research to any user regarding any security transaction or order.

Please note, investing involves risk and investments may lose value. Past performance does not guarantee future results.

Brokerage services of US-traded securities, including fractional trading, are provided to Invstr users by DriveWealth, LLC a registered broker-dealer and member of FINRA/SIPC. DriveWealth may not establish investment accounts to residents of certain jurisdictions. 

DriveWealth provides no tax, legal, or investment advice of any kind, nor does DriveWealth give advice or offer opinions with respect to the nature, potential value, or suitability of any securities transaction or investment strategy. DriveWealth acts as the clearing firm for securities transactions entered on the Invstr mobile platform. DriveWealth is not affiliated with Invstr. Invstr does not participate in DriveWealth’s decision-making.

There is no minimum initial deposit required to open an investing account with DriveWealth. Expenses and Fees associated with the DriveWealth platform in conjunction with Beanstox includes either a monthly membership fee of $4.99 with a commission charge of $0.01 per share* or, in the event the membership fee is not paid, a commission charge of $0.0125 per share applies, subject to a minimum of $2.99 per transaction. There are no monthly minimum fees, or required ongoing minimum account balance. For non-resident aliens, there is a one-time tax verification fee of $5.00 (representing Form W-8BEN pass-through processing cost). View a full list of our fees at http://bit.ly/DWFees

The monthly subscription charge is four dollars and ninety-nine cents (US$4.99) per month plus one cent (US$0.01) per share traded (as examples, for a Transaction of 0.90 shares, the per share traded charge is one cent (US$0.01), and for a Transaction of 1.6 shares, the per share traded charge would be two cents ($0.02), and the quarterly subscription charge is fourteen dollars and ninety-nine cents (US$14.97) every 3 months plus one cent (US$0.01) per share traded. The monthly and quarterly subscription charges may be greater or less depending on additional services offered by a DriveWealth partners as part of the subscription model offering, or based on any subsidies provided by a DriveWealth partner as part of the subscription model offering. For non-resident aliens, there is a one-time tax verification fee of $5.00 (representing Form W-8BEN pass-through processing cost).View a full list of our fees at http://bit.ly/DWFees

This communication is not an offer or solicitation to purchase or sell securities. Investing in securities carries risk, including the loss of principal. Past performance is not indicative of future returns, which may vary. Online trading has inherent risk due to system response and access times that may be affected by various factors, including but not limited to market conditions and system performance. An investor should understand such facts before trading. The risks associated with investing in international securities, including US-listed ADRs and ETFs that contain non-US securities include, among others, country/political risk relating to the government in the home country; exchange rate risk if the country's currency is devalued; and inflationary/purchasing power risks if the currency of the home country becomes less valuable as the general level of prices for goods and services rises. Before investing in an ETF, an investor should consider the investment objectives, risks, charges, and expense of the investment company carefully. ETF prospectuses are accessible within the mobile application via a link under each company’s “Description.”

A fractional share is a share of equity ownership that is less than one full share. Fractional share investing has certain limitations and restrictions that investors should understand prior to purchasing fractional shares: ownership of less than one full share does not give the fractional share owner the right to vote on company matters; fractional shares are non-transferrable, meaning they cannot be transferred to another brokerage firm; and fractional share orders will be accepted as market orders only. For more information and details on fractional shares, and any associated limitations or restrictions please visit: https://drivewealth.com/fractional-shares-disclosure

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