Looking for stocks to buy; here are five stocks to watch - Oct 4th-7th 2022
Summary: Five stocks to watch this week, in our two minute video. CSL could likely see a pickup in flu-vaccine demand and revenue ahead of the Northern Hemisphere winter. Rio Tinto, is another to watch as it just started producing spodumene concentrate for lithium batteries. Tesco and Constellation Brands are also on watch with results out this week. And Insurance Australia Group is also on watch with the RBA making a bevy of more interest rates hikes. Will IAG continue to outperform?
CSL is the one of the world’s biggest producers of influenzas vaccines. The thinking is CSL’s revenue could pick up with flu vaccine demand likely to rise ahead of the Northern Hemisphere winter.
Rio Tinto (RIO)
Rio just started producing spodumene concentrate for lithium batteries, at its facility in Canada. Rio is also one of the world’s largest producers of Iron Ore (SCOA) and Aluminium. And last week, Aluminium prices saw their biggest jump on record on potential supply fears. So its worth watching to see what eventuates.
Tesco, The British Super market giant is due to release financial results in the first week of October, while also kicking off a huge half price toy sale in a bid to boost its performance. Tesco shares are trading at 4 year lows.
Constellation Brands (STZ)
Constellation Brands is the business that makes and producers beers such as Corona. It also produces and sells Wines and Sprits. the Alcohol giant is due to report results in the first week of October. And it’s worth watching their shares as they’ve outperformed the market this year.
Insurance Australia Group (IAG)
IAG is Australia’s largest insurance group. Insurance groups generally do well when interest rates rise. So with the Reserve Bank of Australia (RBA) expected to rise rates in the first week of October and for the rest of the year and into next year, IAG is worth watching. IAG shares have outperformed the market and risen 6% this year.
To find out more about the these companies or other opportunities, head to Saxo's Platform.
Outrageous Predictions 2023: The War Economy
- The constantly growing global need for energy drives the world's richest to huddle up and launch a R&D project in a size the world hasn't seen since the Manhattan Project gave the US the first atomic bomb.
French President Macron resignsThe political stalemate in France and the rise of Marie Le Pen following the 2022 elections corners President Macron, forcing him to give up on politics and resign from his position. At least for now.
Gold rockets to USD 3,000 as central banks fail on inflation mandateAs markets and central banks realise that the idea that inflation is transitory is wrong, and that prices will remain higher for longer, gold is sent through the roof, hitting a price tag of USD 3,000
EU Army forces EU down path to full unionWith continued challenges in the region and a US military that isn't aggressively enacting its former role as global policeman, the European Union agrees to create its own armed forces, bringing the whole region closer.
A country agrees to ban all meat production by 2030In an effort to become one of the global leaders on the path to net-zero emissions, one country decides to not only put a heavy tax on meat, but to ban domestic production entirely.
UK holds UnBrexit referendumFollowing a recession and domestic pressure, the United Kingdom is thrown into political turmoil that will end with a vote to wind back Brexit.
Widespread price controls are introduced to cap official inflationHistory tells us that with the war economy comes rationing and price controls. And this time is no different, as policymakers introduce strict price controls that lead to a range of unintended consequences.
OPEC+ & Chindia walk out of the IMF, agree to trade with new reserve assetSanctions against Russia have caused widespread turmoil due to US Dollar moves in countries across the globe that don't consider the US an ally. To relieve themselves from this, they leave the IMF and create a new reserve asset.
USDJPY fixed to the USD at 200 as Japan overhauls financial systemFollowing the challenges that faced the Japanese Yen in 2022, the Bank of Japan attempts to keep the currency from sliding. Unsuccessful on the long-term, Japan will launch a reset of its entire financial system.
Tax haven ban kills private equityWith the war economy comes an increased focus on national interests and sovereign nations' ability to assert themselves. In that regard, the OECD countries turn their attention on tax havens and pull the big guns out, banning them altogether.