ASX:FMG

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ASX:FMG

Inflation rises more than expected: Aus shares 0.1% higher at noon

30 Jan 2019 - Mid-session report. CPI up 0.5%, more than 0.4% expected for Dec Qtr. Iron ore rallies over US$78, Fortescue Metals (ASX:FMG) shares gain 7%. Yesterday’s IPO, Splitit…

QBE on the cusp of a big move

14 Jan 2019 - Fairmont Equities managing director Michael Gable takes a technical look at QBE Insurance Group, Commonwealth Bank of Australia, Silver Lake Resources and Fortescue M…

Markets take a dip on last day of trade for 2018: ASX closes 0.1% lower

31 Dec 2018 - It was a fairly positive day of trade for the ASX until it closed lower as the market took an early mark for New Year's Eve. The market has felt the pressure for the …

NRW for Fortescue’s Eliwana Rail Project

31 Dec 2018 - Fortescue Metals Group (ASX:FMG) has chosen Perth-based mining contractor NRW (ASX:NWH) as the preferred contractor to deliver the Stage 1 earthworks, roadworks and d…

A potential trade in Ramsay Health Care

26 Nov 2018 - Fairmont Equities managing director Michael Gable takes a technical look at S&P/ASX200, Ramsay Health Care, TPG Telecom and Fortescue Metals Group.

Is Newcrest worth buying at these levels?

29 Oct 2018 - Fairmont Equities managing director Michael Gable takes a technical look at S&P/ASX200, Newcrest Mining, BHP Billiton and Fortescue Metals Group.

Energy weighs on week: Aus shares close flat on Friday

26 Oct 2018 - Weekly Market Wrap. ASX breaks five-day red run. AMP (ASX:AMP) hit new low, but was upgraded. Over week Energy fell most, Industrials fell least. Beach Energy (ASX:BP…

Snaps 5-day losing streak: Aus shares 0.2% higher at noon

26 Oct 2018 - Market at Midday. ASX snaps losing streak, following Wall Street's bounce back. AMP (ASX:AMP) upgraded to high-risk buy. PAS Group (ASX:PGR) CEO/MD to retire, a Billa…

Bouncing back from 6-month low: Aus shares 0.2% lower at noon

12 Oct 2018 - Market at Midday. ASX clawing back from new 6-month low. Fortescue (ASX:FMG) upgraded & rallies 4.7% 'what's not to like about $500m buy-back & best YTD iron ore pric…

Global sell-off sees shares slump: ASX to close 2.7% lower

11 Oct 2018 - Aussie stocks were sold off following Wall Street seeing its worst drop in eight months and the Nasdaq losing 4 per cent. All three majors in the US fell more than 3 …

Fortescue Metals $500m buy-back over 12 months

11 Oct 2018 - One of Australia’s iron ore majors, Fortescue Metals (ASX:FMG) announced a $500 million buy-back program to focus on operating performance and new investment.

Mining stocks can rally higher

24 Sep 2018 - Fairmont Equities managing director Michael Gable takes a technical look at BHP Billiton, Rio Tinto, Fortescue Metals Group, Northern Star Resources and IMF Bentham.

Asian markets continue to rally: ASX is 0.4 per cent higher at noon

19 Sep 2018 - The ASX opened higher and continues to remain steady following better than expected trade headlines. Asian stocks extended a rally with equities in Japan and South Ko…

Miners muster up, copper lifts: Aus shares 0.5% higher at noon

14 Sep 2018 - Market at Midday. ASX200 clawing back from yesterday's slide with health and miners leading the rally. Huon Aquaculture upgraded and rises 1.6%. Primary Health Care i…

Fortescue Metals Group sees 58% slide in profits

20 Aug 2018 - Fortescue Metals Group (ASX:FMG) has revealed a 58 per cent slide in annual profits with a underlying net profit after tax US$1.1 billion.

US-China talks due this week: ASX set to open higher

20 Aug 2018 - The ASX to open higher this morning after some speculation of the US-China trade war easing. The Turkish Lira continues to tumble. Spark Infrastructure (ASX:SKI) has …

Materials sector leading the way: Aus shares close 0.61% higher

06 Aug 2018 - The ASX failed to keep momentum after reaching a high at lunchtime but managed to close 0.61 per cent higher. And lithium miner Argosy (ASX:AGY) is up whilst SEEK (AS…

Fortescue posts record iron ore shipments

26 Jul 2018 - Fortescue Meals (ASX:FMG) has advised its total ore shipped in the fourth quarter rose 4 per cent to a new record, despite ore being processed falling by the same am…

Sonic boom: Aus shares 0.8% higher at noon

12 Jul 2018 - Market at Midday. Sonic Health Care (ASX:SHL) rallies up 5.7%, setting an all time high, leading the ASX. Energy stocks slip after oil falls. News on Rural Funds Grou…

Back at 10-yr highs: Aus shares close 0.53% higher

05 Jul 2018 - Market Wrap. Back at new 10-yr highs despite trade war woes. Bingo Industries (ASX:BIN) up 0.7% on final approval to increase limits at Minto. Woolworths Group (ASX:W…

FY19 gains momentum: Aus shares 0.4% higher at noon

03 Jul 2018 - Market at Midday. ASX claws back yesterday's losses, now in the black for FY19. All sectors up, ex miners as iron ore price dips. Building permits fall, surprising ec…

ASX200 up 8.27% on FY18: Aus shares close 0.33% lower on Friday

29 Jun 2018 - Market Wrap. ASX 0.3% down on Friday, but up 8.27% for FY18. For End of Financial Year, Pilbara Minerals (ASX:PLS) gained 130%, Whitehaven Coal (ASX:WHC) rose 98%. BH…

ASX 2.1% up on wk, 10 yr-high, but 0.11% lower on Fri

22 Jun 2018 - Market Wrap. ASX snaps two-day winning streak but holds 10-year high. Bellamy’s Australia (ASX:BAL) sees selling amid one-month highs. Telstra (ASX:TLS) just cents a…

Testing new 10-yr high: Aus shares 1% higher at noon

21 Jun 2018 - Market at Midday. ASX200 up 17% year-on-year, testing new 10-yr high. APN Outdoor (ASX:APO) shares have jumped to a one year high after it received a $1.1b takeover o…

10-year high: Aus shares close 1.2% higher

20 Jun 2018 - Market Wrap. ASX gains 1.2%, hitting 10-year high & the chart says it has further upside. Financials led, CBA and WBC gain 2.9%. Credit Corp adds 2%. Galaxy Resources…