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Global X Funds-Global X Disruptive Materials ETF
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Australian shares end holiday-shortened week lower on profit-taking

Australian shares fell 0.4% on Wednesday due to profit-taking after a four-session rally, with thin holiday volumes. The S&P/ASX 200 index closed at 8,762.70, with banks snapping a four-day winning streak and miners hitting record highs. Healthcare stocks dropped 1.6%, while Rio Tinto rose 0.8% as copper prices surged. The market is closed for holidays on Thursday and Friday.

Reuters·
US
RTPPF
-0.28%
UK
RIO
0.00%
US
RIO
-0.10%
Reuters·
US
RTPPF
-0.28%
UK
RIO
0.00%
US
RIO
-0.10%

London’s FTSE 100 edges higher as miners rally on record copper prices

London's FTSE 100 rose 0.3% as miners rallied on record copper prices, with Anglo American, Antofagasta, and Rio Tinto gaining. The FTSE 250 increased by 0.1%. The rise was supported by gains in banks and miners, despite thin trading volumes ahead of Christmas. Diageo extended its decline, while healthcare stocks rose. The FTSE 100 is up 16% year-to-date, mirroring gains in the STOXX 600 and S&P 500.

Reuters·
US
RTPPF
-0.28%
UK
RIO
0.00%
US
RIO
-0.10%
Reuters·
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RTPPF
-0.28%
UK
RIO
0.00%
US
RIO
-0.10%

This Brown & Brown Analyst Is No Longer Bullish; Here Are Top 4 Downgrades For Tuesday

Top Wall Street analysts have downgraded several stocks. Evercore ISI Group downgraded Coty Inc to In-Line with a $7 target. BMO Capital downgraded Brown & Brown Inc to Market Perform, reducing the target to $88. Itau BBA downgraded Southern Copper Corp to Underperform with a $126 target. TD Cowen downgraded Janus Henderson Group to Hold with a $49 target. These changes reflect a shift in analyst sentiment on these stocks.

benzinga_article·
US
JHG
+0.11%
US
COTY
+1.66%
US
SCCO
+0.07%
benzinga_article·
US
JHG
+0.11%
US
COTY
+1.66%
US
SCCO
+0.07%

Roffman Miller Associates Inc. PA Sells 7,650 Shares of Albemarle Corporation $ALB

Roffman Miller Associates Inc. PA reduced its stake in Albemarle Corporation by 25.5% in Q3, selling 7,650 shares. Albemarle's stock opened at $145.47, with a market cap of $17.12 billion. Analysts have mixed ratings, with a consensus 'Hold' and an average price target of $120.21. Albemarle reported Q3 revenue of $1.31 billion, beating expectations, but earnings per share were negative. The company announced a quarterly dividend of $0.405, with a yield of 1.1%.

Market Beat·
US
ALB
+1.23%
Market Beat·
US
ALB
+1.23%

Has the Rio Tinto Share Price Rally in 2025 Gone Too Far?

The article evaluates whether Rio Tinto's stock price rally in 2025 has gone too far, considering its recent performance and strategic initiatives. Despite a 34.2% increase over the past year, the stock is deemed undervalued based on a Discounted Cash Flow analysis and a Price vs Earnings ratio. The DCF model suggests a 33.5% discount to intrinsic value, while the PE ratio is below industry averages, indicating potential for further growth.

Simplywall·
US
RTPPF
-0.28%
US
RIO
-0.10%
UK
RIO
0.00%
Simplywall·
US
RTPPF
-0.28%
US
RIO
-0.10%
UK
RIO
0.00%
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