Daily Insider: Hope emerges for losers as Wall Street set to end worst half year since 1970

START YOUR MORNING WITH TODAY'S BIZNEWS BREAKFAST BRIEFING – Markets come back; Gupta banks criticised; Feisty food servers; Chinese stocks rebound Catch up with the latest on BizNews.com.Feisty restauranteurs let rip on their 'gatvol' factorBitcoin is dead, long live BitcoinSA banks 'kowtowed to ANC' on Gupta accountsZondo's direct election idea might be wrong for SARetiring during a volatile marketResearch linking diseases, dementia supports Noakes'Working conditions in SA worse than Iran, Afghanistan' – German firm Strabag InternationalNo sex, drugs and rock 'n roll at World CupNedbank CIB's Singh spearheading sustainable growthStrong US dollar hurting emerging-market currencies like the Rand (Premium).As Wall Street heads for worst first half year since 1970, hope springs.In December last year, we launched a model portfolio for BizNews community members focusing on companies with exponential growth prospects. The timing was terrible. The Nasdaq Index, home to most of these rapidly-expanding businesses, touched 16 000 that month. It's now below 11 200, down a third. That's historic. US markets are about to record their worst first half of any year since 1972. .We included six "wild cards" in the portfolio – higher risk tech stocks chosen specifically for the possibility that they would deliver a welcome surprise. That's a great strategy in Bull Markets – not so pleasant when the trend reverses. These 'high beta' stocks as the pros call them, have fallen even more sharply in price than the stock market as a whole..But hope springs. It is a five year project so the portfolio has plenty of time to recover. Also, surprisingly given the overall trend, two of those wild cards are delivering. Three months ago, the world's richest man, Elon Musk, offered $54.20 a share for Twitter, pushing the price above our entry level, enabling us to sell at a tidy profit. the company. .Yesterday, 2U shares got a similar kicker after Bloomberg reported Indian online education group Byju is about to table a cash offer of $15 a share. 2U shares jumped 17% and should the offer transpire, we'll make a profit as our entry price was $13.77. Provided you have a plan, investment markets are always capable of delivering a welcome surprise. Even during the darkest days. .Upcoming Events.Orbvest Webinar.Join Alec Hogg as he discusses with Martin Freeman and Justin Clarke, from OrbVest, their exciting new real estate investment opportunity in Albuquerque. They will also discuss in detail OrbVest's short-term note. The benefit of joining the webinar live is that they will be able to answer your questions on the spot. Click here to register: https://bit.ly/3NtAteg.BizNews Conference.BNC4 is soon approaching, taking place from 30 Aug – 2 Sep at the Champagne Sports Resort in the Central Drakensberg..The good news is that a few rooms recently became available, so if you were interested in attending and haven't booked due to a lack of availability, now is your chance to secure your spot. Click here to book your place for BNC#4: www.biznews.com/biznews-investment-conference.BRICS Webinar.Sign-up to the free #SAinBRICS webinar taking place 5 July 2022 to get the inside track into how South Africa's membership of BRICS provides opportunities for our own development as well as for the rest of the African continent..Join Busi Mabuza, chairperson of the South Africa chapter of the BRICS Business Council and Ziaad Suleman, BRICS chair on SA's 4IR Priorities, as well as Leslie Maasdorp, vice-president and Chief Financial Officer of the New Development Bank for exclusive insights into how to best leverage SA's position in BRICS. It's free but you do need to register. Click here to sign-up: https://bit.ly/3Nm11y4.To receive the Daily Insider every weekday at 6am in your inbox click here. You can also sign up to the weekend's BizNews Digest for a wrap of the best content BizNews has to offer, for a leisurely Saturday read.

Daily Insider: Hope emerges for losers as Wall Street set to end worst half year since 1970

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