Today's ASX news
Will Bunnings Online Boost The Wesfarmers (ASX:WES) Share Price?
Wesfarmers Ltd (ASX:WES) plans to strengthen Bunnings’ market position further by going online nationwide.
June 14, 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.
Wesfarmers Ltd (ASX:WES) plans to strengthen Bunnings’ market position further by going online nationwide.
Fortescue Metals Group Limited (ASX:FMG) and Strategic Energy Resources Limited (ASX:SER) have announced they are forming a joint venture.
One of the changes in the S&P Dow Jones Indices rebalancing is that Afterpay Touch Group Ltd (ASX:APT) is entering the ASX 100.
The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) rose by 0.41% on Thursday.
Property business Stockland Corporation Ltd (ASX:SGP) has revealed some worrying developments in the property world.
Coles Group Limited (ASX:COL) is cutting head office jobs in an effort to boost profit and the share price.
The Appen Ltd (ASX:APX) share price dropped 7% today as investors worried about a share sale by management.
The Carsales.Com Ltd (ASX:CAR) share price is up slightly after the company provided FY19 guidance.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.03% at lunch.
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