High Conviction: Switch Fortescue (FMG) to Rio Tinto Limited (RIO)
We recommend switching from Fortescue to Rio Tinto at an entry price of 119.5 dollars, with a target of 140 dollars and stop loss at 105 dollars.
rio
The Potential merger of RIO Tinto and Glencore
potential merger between Rio Tinto (RIO:ASX, RIO:LSE) and Glencore (GLEN:LSE) would create a mining behemoth with significant implications for the global mining industry
Closing Bell 7th August – ASX drifts lower in quiet session
The ASX has a quiet day due to the Sydney bank holiday with volumes thinner than usual.
Closing Bell 3nd August – Miners weigh down market as Iron ore drops
Investors appear to be giving up hope on promises of Chinese stimulus
Pre-Market Pulse 27th July – Investors bury their heads in the sand as Fed raises… and doesn’t rule out more
The DOW extended its win streak to a 13th straight day, as investors buried their head in the sand as the Federal Reserve raising interest rates to the highest level in 22 years