Today's ASX news
Why the BlueScope (ASX:BSL) share price is surging
The BlueScope Steel Limited (ASX:BSL) share price has surged 11% in early trading after giving a FY21 update.
October 23, 2020
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 BlueScope Steel Limited (ASX:BSL) share price has surged 11% in early trading after giving a FY21 update.
The National Australia Bank Ltd (ASX:NAB) share price is up despite the major ASX bank reporting more costs for the upcoming FY20 result.
Could the Qantas Airways Limited (ASX:QAN) share price fly in 2021? The opening up of borders could make a big difference.
Australian Pharmaceutical Industries Ltd (ASX:API) has reported its FY20 result, which included a heavy profit decline.
Star Entertainment Group Ltd (ASX:SGR) is holding its AGM and gave a FY21 Q1 update. Could it be COVID-19 turnaround play?
AMP Limited (ASX:AMP) has just given its FY20 third quarter update. Could AMP shares be a buy for value investors?
The Temple & Webster Group Ltd (ASX:TPW) share price has dropped despite reporting good growth in the first quarter of FY21.
Megaport Ltd (ASX:MP1) has released its trading update for the first quarter of FY21. The Megaport share price is down 6%.
I think the EML Payments Ltd (ASX:EML) share price looks like a buy after the first quarter of FY21.
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