Share Indices in July 19

July proved to be a mixed bag for tech investors. In US tech, the FAANGs in particular largely announced results in line with expectations except NETFLIX and Amazon which disappointed. In the UK mobile space Vodafone had its best month in long while as it announced TowerCo. UK HQed SITS stocks, like Sage and Micro Focus, disappointed investors and saw their share price plunge. Global players like Sopra Steria and Capgemini produced remarkable results.

My Review of share performance in July 19 is exclusively available to TechMarketView clients including HotViews Premium subscribers.

My review concludes as follows:

Outlook?

It’s a brave or foolish person who predicts what will happen in the remaining five months of 2019. The storm clouds are certainly gathering. But as we found with the weather in July, these can either clear to produce the hottest day on record or result in a deluge that floods homes and brings down bridges. I could write a reasonably argued article putting forward either outcome.

Many of my own investments are dollar-denominated. Even without a downturn in the tech market a £/$ at parity or boosted to pre-referendum levels of $1.40+ would make a huge difference to the value of my portfolio. ‘No deal Brexit’ or ‘No Brexit’ could produce either outcome.

I guess all I can suggest is ‘Keep watching this space...’

And to do that you need to be a paying subscriber, join today. See How to become a HotViews Premium Subscriber.

Posted by Richard Holway at '09:47'