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-- 47.130 FMG Annual Results Preview: Grab rewards by guessing the closing price!
28 August, 2024 will be a big one for $Fortescue Ltd (FMG.AU)$ shares, because the company will release its full-year results on that day.
Ahead of the release of its results, let's now take a look at what the market is expecting from this company.
Fortescue Ltd ( $Fortescue Ltd (FMG.AU)$ ) is set to face market volatility after Capital Group Cos. sold a substantial A$1.9 billion stake at a near 9% discount in July. This sale, processed by JPMorgan Chase, led to a 10.2% stock drop, FMG's steepest since 2021.
The move follows FMG's recent decision to scale back green hydrogen ambitions due to high energy costs, which included 700 job cuts. The stock has fallen 37% this year, and investors will be looking for FMG's strategy to recover and reassure the market.
According to the recent news from FMG's official website, Fortescue has marked a new milestone in its mission to build a green metal supply chain with the start of works at its Green Metal Project in the Pilbara region of Western Australia.
Do you have any views or trading strategy under this market background circumstance? Leave your comments below. ![]()
$Fortescue Ltd (FMG.AU)$ is releasing its annual results on 28 August 8:00 AM AEST. How will the market react to FMG.AU's results on that day?
Vote your answer to participate in the rewards sharing!
An equal share of 2,000 points: For mooers who correctly hit the range of FMG's closing price at 28 August 2024, 16:00 AEST.
(e.g., If 50 mooers make a correct guess, each of them will get 40 points.)
Note：
The vote will be closed on 28 August 2024, 14:00 AEST.
Rewards will be distributed within 5-7 working days after the result's announcement.
Rewards can be used to exchange gifts at the Rewards Club (moomoo app>> Me>> Redeem Points).
The selection is based on post quality, originality, and user engagement.
Source: Bloomberg, Fortescue Ltd.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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KerryQLD : FMG has been fighting hard to recover. My knowledge of Elliot Wave double corrective combo's helped me reach this estimate.
151755852 :
152235092 : FMG's dividends are attractive and should be able to support the stock price from falling and retain investors, unless the dividends are cut, which would impact the stock price.
151602363 : fmg 18 to 23
CherryDiannD20 : This is stocks
Nisdey : they'd do better under a non-destructive federal government
151488216 Superman :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Jack1066 : Good
151321372 : On 4hrs chart looks like it bottomed.
Kk2324 : reckoned
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