Rio Tinto (RIO)

Sector:

Mining

Index:

FTSE 100

4,672.50p
   
  • Change Today:
      23.50p
  • 52 Week High: 6,658.00
  • 52 Week Low: 4,266.00
  • Currency: UK Pounds
  • Shares Issued: 1,247.89m
  • Volume: 2,418,428
  • Market Cap: £58,308m
  • RiskGrade: 142

JP Morgan sees stocks climbing 'wall of worry'

By Alexander Bueso

Date: Monday 06 Sep 2021

LONDON (ShareCast) - (Sharecast News) - Equity strategists at JP Morgan remained positive on the future direction of stock markets, telling clients that they were set to continue climbing the proverbial 'wall of worry'.

Bearishness towards emerging markets and commodities was also getting overdone, they said.

Linked to the above, they flagged the roughly 20% underperformance by miners since the highs reached during the first quarter of 2021, describing it as "notable" and a possible "opportunity".

A softer US dollar might also prove a tailwind for EM stocks.

Among the bricks of that wall of worry were concerns around a slowdown in China, Delta, recent weakness in the US consumer, high inflation, peak momentum in earnings and the economy, a roll-over in liquidity and the potential impact of Fed tapering.

Yet above all, strategist Mislav Matejka and his team continued to judge that the Fed would be vindicated in its stance that "inflation is transitory".

Hence, they did not anticipate that the central bank would incur in a policy mistake, nor need investors worry about the cycle and the Fed at the same time.

"Delta is a material wild card, but we believe that the third wave might not result in renewed strict lockdowns.

"The UK experience is encouraging. We reiterate our recent upgrade of Mining and Energy, sectors that we had been cautious on since Q1."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Rio Tinto Market Data

Currency UK Pounds
Share Price 4,672.50p
Change Today 23.50p
% Change 0.51 %
52 Week High 6,658.00
52 Week Low 4,266.00
Volume 2,418,428
Shares Issued 1,247.89m
Market Cap £58,308m
RiskGrade 142

Rio Tinto Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
95.31% above the market average95.31% above the market average95.31% above the market average95.31% above the market average95.31% above the market average
91.23% above the sector average91.23% above the sector average91.23% above the sector average91.23% above the sector average91.23% above the sector average
Price Trend
44.95% below the market average44.95% below the market average44.95% below the market average44.95% below the market average44.95% below the market average
19.08% below the sector average19.08% below the sector average19.08% below the sector average19.08% below the sector average19.08% below the sector average
Income
99.31% above the market average99.31% above the market average99.31% above the market average99.31% above the market average99.31% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
68.93% above the market average68.93% above the market average68.93% above the market average68.93% above the market average68.93% above the market average
27.87% below the sector average27.87% below the sector average27.87% below the sector average27.87% below the sector average27.87% below the sector average

What The Brokers Say

Strong Buy 10
Buy 0
Neutral 9
Sell 1
Strong Sell 3
Total 23
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Rio Tinto Dividends

  Latest Previous
  Special Interim
Ex-Div 12-Aug-21 12-Aug-21
Paid 23-Sep-21 23-Sep-21
Amount 185.00¢ 376.00¢

Trades for 22-Oct-2021

Time Volume / Share Price
16:45 196 @ 4,687.50p
16:45 196 @ 4,687.50p
16:37 162 @ 4,672.50p
16:37 100 @ 4,672.50p
16:37 200 @ 4,672.50p

Rio Tinto Key Personnel

Chair Simon R Thompson
CEO Jakob Stausholm
CFO Peter Cunningham

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