Editor's picks
Myer (ASX:MYR) share price drops despite strong FY23 result
The Myer Holdings Ltd (ASX:MYR) share price is down 3% after the department store retailer reported its FY23 result.
September 14, 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 Myer Holdings Ltd (ASX:MYR) share price is down 3% after the department store retailer reported its FY23 result.
The Qantas Airways Limited (ASX:QAN) share price is down after the airline lost its High Court appeal about workers it sacked during COVID.
The Pact Group Holdings Ltd (ASX:PGH) share price is up 6% after the packaging business received a takeover offer.
Liontown Resources Ltd (ASX:LTR) shares were in focus today on news that Gina Rinehart’s Hancock Prospecting had bought a substantial stake.
The BHP Group Ltd (ASX:BHP) share price is close to its low for 2023, so this could be an opportunity. Is the ASX mining share a buy?
There’s a lot of uncertainty in the market at the moment. I’d look to quality exchange-traded funds (ETFs) that could deliver returns.
The Telstra Group Ltd (ASX:TLS) share price is under the spotlight on rumours that the telco may try to buy a cybersecurity business.
Audinate Group Ltd (ASX:AD8) shares have gone into a trading halt as the business announced a capital raising.
The Orora Ltd (ASX: ORA) share price has sunk 17% after the packaging business returned to trade after the takeover and capital raising announcements.
Want to level-up your analytical skills and investing insights but don’t know where to start? Join 50,000 Australian investors on our mailing list and we’ll send you our favourite podcasts, courses, resources and investment articles every Sunday morning. Grab a coffee and let Owen and the team bring you the best insights.
Here you go: A $50,000 per year passive income special report
Join more 50,000 Australian investors who read our weekly investing newsletter and we’ll send you our passive income investing report right now.
Simply enter your email address and we’ll send it to you. No tricks. Unsubscribe anytime.
Unsubscribe anytime. Read our Terms, Financial Services Guide, Privacy Policy. We’ll never sell your email address. Our company is Australian owned.