Anglo American (AAL)

Sector:

Mining

Index:

FTSE 100

1,951.20p
   
  • Change Today:
      28.40p
  • 52 Week High: 2,800.00
  • 52 Week Low: 1,670.20
  • Currency: UK Pounds
  • Shares Issued: 1,337.58m
  • Volume: 1,785,902
  • Market Cap: £26,099m
  • RiskGrade: 209

JP Morgan sees stocks climbing 'wall of worry'

By Alexander Bueso

Date: Monday 01 Nov 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.

 

Anglo American Market Data

Currency UK Pounds
Share Price 1,951.20p
Change Today 28.40p
% Change 1.48 %
52 Week High 2,800.00
52 Week Low 1,670.20
Volume 1,785,902
Shares Issued 1,337.58m
Market Cap £26,099m
RiskGrade 209

Anglo American Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
72.55% above the market average72.55% above the market average72.55% above the market average72.55% above the market average72.55% above the market average
34.35% above the sector average34.35% above the sector average34.35% above the sector average34.35% above the sector average34.35% above the sector average
Price Trend
55.77% below the market average55.77% below the market average55.77% below the market average55.77% below the market average55.77% below the market average
9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average
Income
39.39% above the market average39.39% above the market average39.39% above the market average39.39% above the market average39.39% above the market average
13.04% below the sector average13.04% below the sector average13.04% below the sector average13.04% below the sector average13.04% below the sector average
Growth
88.23% below the market average88.23% below the market average88.23% below the market average88.23% below the market average88.23% below the market average
93.75% below the sector average93.75% below the sector average93.75% below the sector average93.75% below the sector average93.75% below the sector average

What The Brokers Say

Strong Buy 7
Buy 3
Neutral 9
Sell 0
Strong Sell 2
Total 21
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Anglo American Dividends

  Latest Previous
  Final Interim
Ex-Div 14-Mar-24 17-Aug-23
Paid 03-May-24 26-Sep-23
Amount 41.00¢ 55.00¢

Trades for 28-Mar-2024

Time Volume / Share Price
15:51 1,775 @ 1,951.32p
15:51 18 @ 1,951.20p
15:51 134 @ 1,951.20p
15:51 118 @ 1,951.20p
15:51 405 @ 1,951.00p

Anglo American Key Personnel

Chair Stuart J Chambers
CEO Duncan Wanblad
Finance Director John Heasley

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