Today's ASX news
FY20 result: Myer (ASX:MYR) shares sink 13%
The Myer Holdings Ltd (ASX:MYR) share price is down 13% after the department business released its FY20 result.
September 10, 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 Myer Holdings Ltd (ASX:MYR) share price is down 13% after the department business released its FY20 result.
Nearmap Ltd (ASX:NEA) is doing a capital raising for a total of $90 million to fund growth.
The Codan Limited (ASX:CDA) share price is up 2% on this negative share market day after winning a big client.
The ASX tech sector has dropped this morning after the NASDAQ 100 (NDX) fell overnight.
A2 Milk Company Ltd (ASX:A2M) has released an investor presentation today. Are A2 Milk shares too good to miss?
The NASDAQ 100 (NDX) fell another 4.8% overnight. That means it’s down 11% since 2 September. I’d buy these 2 ASX shares in this volatility.
The Western Areas Ltd (ASX:WSA) share price is up more than 2% after providing an update about its Odysseus mine.
The Sonic Healthcare Limited (ASX:SHL) share price has dropped since the release of the FY20 report.
The Sydney Airport Holdings Pty Ltd (ASX:SYD) share price could be an interesting turnaround idea.
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