ASX Growth Shares
Why the Xero (ASX:XRO) share price still looks a buy to me
The Xero Limited (ASX:XRO) share price still looks like a solid buy to me because it’s achieving pleasing growth.
June 26, 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 still looks like a solid buy to me because it’s achieving pleasing growth.
The Northern Star Resources Ltd (ASX:NST) share price is down over 2% after the ASX gold share revealed a A$1.5 billion investment.
The TPG Telecom Ltd (ASX:TPG) share price sank 5% following the decision to block the regional agreement with Telstra Group Ltd (ASX:TLS).
The Fortescue Metals Group Ltd (ASX:FMG) share price is down. Andrew Forrest has donated a stake in the company worth billions of dollars.
The Rio Tinto Ltd (ASX:RIO) share price is under the spotlight following news it’s going to invest US$498 million into its copper operations.
ASX retail share investors may need to heed the warning from the update by Best & Less Group Holdings Ltd (ASX:BST).
The Woodside Energy Group Ltd (ASX: WDS) share price is up around 2% after announcing the approval of the Mexican Trion project.
The Lynas Rare Earths Ltd (ASX:LYC) share price has dropped around 2% after the ASX mining share revealed challenges with its Kalgoorlie project.
The Pointsbet Holdings Ltd (ASX:PBH) share price has jumped 18% after the online sports betting business revealed a DraftKings update.
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