The Stock of the Day is Fortescue (FMG)

Stock of the Day, Fortescue (FMG) hit a record high yesterday after the iron ore sector reached its highest mark in 18 months. It also ranked in the top 12% of buy sell signals performers for the past week. With Australia's mid-year update showing surging iron ore prices, driving Australia's post-pandemic budget repair as well, and pushing shares of Fortescue higher, the question is will this momentum keep going? Our experts, Michael Gable from Fairmont Equities and Owen Raszkiewicz from Rask Australia, shared their views on the sector and the company. Michael has always been bullish on iron ore and would be keen to pick up more but would be waiting for a dip and with China's delayed recovery, he'd expect things to get even better next year. Owen points out that Fortescue is one of the lowest cost iron ore producers in the world, which is great for business, but it is too heavily dependent on China. Watch to find out which miners Owen prefers. So will it be a buy, hold or sell today?
Watch the full episode here: ausbiz.co/the-call-1412
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[@brendanquinn6894]

All of the analysts were dead wrong at the start of the year. How embarrassing for them.