Magellan Financial Group Ltd Stock Forum

Market Review
The Australian stock market hit a record high this week, marking its biggest weekly gain in five weeks, driven by consumer discretionary and information technology. $S&P/ASX 200 (.XJO.AU)$ rose by 1.47 percent, or 123.4 points, closing at 8532.3 over the past five trading days, with 9 of the 11 sectors posting higher returns. The consumer discretionary sector em...

There were a couple of decent moves after reporting….Basically if a company MISSED expectations or provides a dodgy outlook then the stock falls. If we see a BEAT or a bullish outlook then the stock goes up.
Nufarm ( $Nufarm Ltd (NUF.AU)$ ) fell 9.79% – MISSED (so good value has emerged)
Cochlear ( $Cochlear Ltd (COH.AU)$ ) fell 7.33% – MISSED:
Origin ( $Origin Energy Ltd (ORG.AU)$ ) fell 9.43% – MISSED
NRW Holdings ( $NRW Holdings Ltd (NWH.AU)$ ) up 9.72% – BEAT
Magellan ( $Magellan Financial Group Ltd (MFG.AU)$ ) up 7.6%...

Magellan ( $Magellan Financial Group Ltd (MFG.AU)$ ) has been up more than 7 per cent after announcing its FY24 results and a strategic partnership with Vinva Investments. Statutory profit was up 31% year over year to $239 million, and the company declared a dividend of 35.7 cents per share.

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 ...