Consumer staples
Coles (ASX:COL) share price rises on HY23 profit jump
The Coles Group Ltd (ASX:COL) share price is higher after the supermarket business reported strong profit growth.
February 21, 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 Coles Group Ltd (ASX:COL) share price is higher after the supermarket business reported strong profit growth.
The BHP Group Ltd (ASX:BHP) share price is under the spotlight today after the miner told investors about its FY23 half-year result.
The Altium Limited (ASX:ALU) share price is under the spotlight after announcing strong profit growth in its FY23 half-year result.
The A2 Milk Company Ltd (ASX:A2M) share price is in focus today as the infant formula business announced its FY23 half-year result.
The Baby Bunting Group Ltd (ASX:BBN) share price has fallen around 5% after delivering a disappointing HY23 result.
The WiseTech Global Ltd (ASX:WTC) share price is in focus as the ASX tech share revealed a US$414 million deal.
The Sonic Healthcare Ltd (ASX:SHL) share price has jumped 13% after reporting a very healthy profit in HY23.
The Magellan Financial Group Ltd (ASX:MFG) share price is currently up by 5%, even though the fund manager announced a huge profit slump.
The National Australia Bank Ltd (ASX:NAB) share price is under the spotlight after the ASX bank share revealed profit growth in FY23 Q1.
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