Magellan Financial Group Ltd Stock Forum

G'day, mooers! Check out the latest news on today's stock market!
• Nasdaq, S&P set records
• ASX rises; IDP plunges more than 11%
• Stocks to watch: IDP Education, SkyCity, Magellan Financial
Wall Street Summary
Most sectors gained as signs of weakening labor market fueled hopes that the US Federal Reserve could start cutting interest rates in the next few months. Advancers totaled 8,769 stocks, while decliners reached 4,596.
The tech-heavy $Nasdaq Composite Index (.IXIC.US)$ rose almo...

• Top gainers: $Boss Energy Ltd (BOE.AU)$, $Liontown Resources Ltd (LTR.AU)$, $PEXA Group Ltd (PXA.AU)$
• Top losers: $GQG Partners Inc (GQG.AU)$, $Mercury NZ Ltd (MCY.AU)$, $Meridian Energy Ltd (MEZ.AU)$
Market Performance
Australia's $S&P/ASX 200 (.XJO.AU)$ closed 0.8% higher at 7637.4, bouncing amid strength in financial and real-estate stocks. The benchmark index followed a positive lead by U.S. equities at the...

$29Metals Ltd (29M.AU)$
- Downgraded to underperform from neutral at Macquarie; Price Target: $0.25 from $0.45
- Retained at overweight at Morgan Stanley; Price Target: $0.50
$Alpha HPA Ltd (A4N.AU)$ - Retained at buy at Bell Potter; Price Target: $1.60 from $1.68
$Aeris Resources Ltd (AIS.AU)$ - Retained at buy at Bell Potter; Price Target: $0.23
$Aristocrat Leisure Ltd (ALL.AU)$ - Retained at hold at Ord Minnett; Price Target: $45.00
$ALS Ltd (ALQ.AU)$ - Retained at buy at Goldman S...

• Top gainers: $Magellan Financial Group Ltd (MFG.AU)$, $Mercury NZ Ltd (MCY.AU)$, $Meridian Energy Ltd (MEZ.AU)$
• Top losers: $Dicker Data Ltd (DDR.AU)$, $IRESS Ltd (IRE.AU)$, $Chalice Mining Ltd (CHN.AU)$
Australia's $S&P/ASX 200 (.XJO.AU)$ closed 0.1% higher at 7733.5, after new data showed the country's economy continued to slow in the final months of 2023, adding to concerns that a hard landing is coming.
Technology stocks w...

G'day, mooers! Check out the latest news on today's stock market!
• Dow Jones ends down over 400 points
• ASX falls; gold stocks jump; Cettire tumbles
• Stocks to watch: ANZ, Magellan Financial Group, Cettire
Wall Street Summary
On Tuesday, U.S. stocks experienced their second consecutive day of decline. Technology shares, particularly $Apple (AAPL.US)$, were under pressure, which contributed to the market's downturn. Investors were also cautious ahead ...

• Top gainers: $Paladin Energy Ltd (PDN.AU)$, $IDP Education Ltd (IEL.AU)$, $Meridian Energy Ltd (MEZ.AU)$
• Top losers: $Chalice Mining Ltd (CHN.AU)$, $Magellan Financial Group Ltd (MFG.AU)$, $Telix Pharmaceuticals Ltd (TLX.AU)$
$S&P/ASX 200 (.XJO.AU)$ ended 0.5% lower at 7451.5, notching its fourth straight day of losses as the December rally looks to be petering out.
All sectors finished in the red, but the benchmark was dragged most by the tec...

• Top gainers: $Imugene Ltd (IMU.AU)$, $Bapcor Ltd (BAP.AU)$, $Challenger Ltd (CGF.AU)$
• Top losers: $Sims Ltd (SGM.AU)$, $Sandfire Resources Ltd (SFR.AU)$, $Chalice Mining Ltd (CHN.AU)$
The Australian sharemarket rounded out its worst start to the year in more than a decade on Friday, as the broad rally staged in the final months of 2023 lost steam.
$S&P/ASX 200 (.XJO.AU)$ ended 0.1% lower at 7489.1, notching its third straight day of losses...

• Top gainers: $Credit Corp Group Ltd (CCP.AU)$, $Beach Energy Ltd (BPT.AU)$, $Magellan Financial Group Ltd (MFG.AU)$
• Top losers: $The Star Entertainment Group Ltd (SGR.AU)$, $Chalice Mining Ltd (CHN.AU)$, $Imugene Ltd (IMU.AU)$
$S&P/ASX 200 (.XJO.AU)$ edged 0.1% higher to 7199.0 as gains among consumer stocks helped offset weakness in materials. The benchmark index opened higher following Friday's positive lead by U.S. equities, but t...