ASX Share Ideas
Fortescue (ASX:FMG) shares rise on record shipments
Fortescue (ASX:FMG) shares are up more than 2% after announcing record shipments in FY20.
July 30, 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.
Fortescue (ASX:FMG) shares are up more than 2% after announcing record shipments in FY20.
The Macquarie (ASX:MQG) share price is up more 1% after giving investors its first quarter update for FY21.
Financial services business IOOF (ASX:IFL) has announced a mixed fourth quarter of Q4.
CBA (ASX:CBA) has revealed some more remediation charges in its upcoming FY20 result. It’s going to cost the big ASX bank another $300 million.
Rio Tinto (ASX:RIO) has announced a 20% profit fall in the first half of its FY20 to 30 June 2020.
AP Eagers (ASX:APE) shares are racing higher, up 7% with the company holding its AGM for shareholders.
The Virgin Money (ASX:VUK) share price is up after the company delivered its update for the third quarter to 30 June 2020.
ASX banks like CBA (ASX:CBA) have been told to cut their dividends by the regulator, APRA.
CIMIC (ASX:CIM) has announced that it plans to sell half of Thiess.
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