Today's ASX news
Why The Xero (ASX:XRO) Share Price Went Bananas
The Xero (ASX:XRO) share price rose 9.6% today, it was the biggest gainer in the ASX 200 after releasing its half year result.
November 7, 2019
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 (ASX:XRO) share price rose 9.6% today, it was the biggest gainer in the ASX 200 after releasing its half year result.
The Perenti (ASX:PRN) share price saw the worst decline in the ASX 200 today, dropping by 10.7% because of an attack.
The James Hardie (ASX:JHX) share price is up 6% after announcing its half year result.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.55% at lunch.
The Flight Centre (ASX:FLT) share price is down 4% after providing some guidance on its FY20 profit outlook.
The Zip (ASX:Z1P) share price is going nuts thanks to Amazon, it’s up around 15%.
The Xero (ASX:XRO) share price is up around 4% after releasing its FY20 half year report.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up 0.12% on Wednesday.
NAB (ASX:NAB) has reported its FY19 result to investors this morning.
Want to level-up your analytical skills and investing insights but don’t know where to start? Join 50,000 Australian investors on our mailing list and we’ll send you our favourite podcasts, courses, resources and investment articles every Sunday morning. Grab a coffee and let Owen and the team bring you the best insights.
Here you go: A $50,000 per year passive income special report
Join more 50,000 Australian investors who read our weekly investing newsletter and we’ll send you our passive income investing report right now.
Simply enter your email address and we’ll send it to you. No tricks. Unsubscribe anytime.
Unsubscribe anytime. Read our Terms, Financial Services Guide, Privacy Policy. We’ll never sell your email address. Our company is Australian owned.