ASX Growth Shares
Xero (ASX:XRO) share price drops 7% despite solid HY24 result
The Xero Limited (ASX:XRO) share price has fallen 7% in reaction to the FY24 report, which showed an increase in profit.
November 9, 2023
Big money is not in the buying or selling, but in the waiting.
For my own portfolio, I like to find ASX shares that are growing their dividends. Growth is an essential part of the dividend equation for me. I want to see that the dividend increases are funded by growing earnings and/or growing underlying asset values. I also have a portion of my portfolio invested in an ETF that picks undervalued global businesses with strong competitive advantages.
For Rask Media, I have an interest in covering technology (and tech-related) businesses with a global growth story, as well as cyclical companies that are cheaply priced because they’re at a low point in the cycle, such as retailers and resource businesses which could benefit strongly in the medium-term.
The Xero Limited (ASX:XRO) share price has fallen 7% in reaction to the FY24 report, which showed an increase in profit.
The National Australia Bank Ltd (ASX:NAB) share price is under the spotlight after the bank announced its FY23 result.
This could be a great time to invest in ASX growth shares during November whilst markets are uncertain and there’s a lot of volatility around.
The James Hardie Industries plc (ASX:JHX) share price is up 13% after the building products business revealed its second-quarter performance.
Exchange-traded funds (ETFs) can be wonderful investments if we find ideas that can be diversified and deliver returns.
The Westpac Banking Corp (ASX:WBC) share price is under the spotlight after the major ASX bank share released its FY23 report.
The Block Inc (ASX:SQ2) share price has jumped 23%. The market loved its 2023 third-quarter announcement and profit upgrade.
The Macquarie Group Ltd (ASX:MQG) share price is under the spotlight today after releasing its FY24 half-year result.
I like seeing the ASX share market go up and down because it gives us a better chance of investing at a price that can create good outperformance.
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