Market looks pretty hammered today yet FMG up 1.4%.
CSL down $9.63 to $187.49 (down 4.89%)
Cochlear down $12.62 to $189.76 (down 6.24%)
Xero down $2.48 to $46.36 (down 5.08%)
It looks like many investors are selling out of the high performing growth stocks for 2018 which are on high PE's and priced for perfection.
Lets hope this is the start of rotation of money from growth stocks to value/cyclical stocks.
This guy seems to think so; https://www.cnbc.com/2018/08/02/the...otation-out-of-growth-stocks-asset-manag.html
Iron ore price, page-7888
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Last
$22.04 |
Change
-0.320(1.43%) |
Mkt cap ! $67.86B | |||
| Open | High | Low | Value | Volume |
| $22.32 | $22.41 | $21.98 | $158.0M | 7.125M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 39363 | $22.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.05 | 1722 | 4 |
View Market Depth
| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |