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A dividend upside to drive the Fortescue (ASX:FMG) share price?


A dividend upside to drive the Fortescue (ASX:FMG) share price?
Kerry Sun | April 26, 2021 2:10pm |
More on:
The
Fortescue Metals Group Ltd(ASX: FMG) share price is heating up again after a ~20% tumble between late February and late March. The Fortescue share price is up 10% in the past month, defying expectations that iron ore prices might retreat from decade highs.
Bell
Potter believes iron ore will continue to defy expectations and upgraded Fortescue on  23 April from hold to
buy with a $23.85 target price. The broker believes the dividend upside outweighs the potential iron ore price downside.
Here’s what the broker had to say about another potential Fortescue share price run.  ....

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Futures Slide For Second Day Amid Renewed Virus Worries


by Tyler Durden
Tuesday, Apr 20, 2021 - 07:52 AM
S&P 500 and Nasdaq 100 stock futures extend declines for a second day, with both down about 0.5% as of 7:00 am in New York as travel and leisure stocks led the move, indicating fresh concerns over reopenings. US futures tracked Europe’s Stoxx 600 index which was 1.1% lower, its biggest drop in a month as a growing tally of virus cases primarily in emerging markets tempered enthusiasm for a global growth rebound. Bond yields fell. 
Some notable premarket moves:
United Airlines dropped 2.1% after the carrier booked a bigger-than-expected loss for the first quarter.
IBM gained 2.8% as it reported its biggest revenue gain in 11 quarters boosted by its bets on the high-margin cloud computing business. ....

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