Today's ASX news
Why The Fortescue (ASX:FMG) Share Price Rose 7.5% Today
The Fortescue Metals Group Limited (ASX:FMG) share price went up almost 7.5% today.
May 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.
The Fortescue Metals Group Limited (ASX:FMG) share price went up almost 7.5% today.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 1.14% at lunch.
The Mayne Pharma Group Ltd (ASX:MYX) share price is down 15% in early trade after giving a trading update.
The Invocare Limited (ASX:IVC) share price is up 1% in early reaction to its trading update.
China may be about to cause a sizeable decline on the ASX today.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) went up by 2.4% on Monday.
The Volpara Health Technologies Ltd (ASX:VHT) share price jumped over 3% in reaction to some exciting news.
The Bubs Australia Ltd (ASX:BUB) share price fell 13% yesterday in what has been an incredible month for the infant formula business.
The Commonwealth Bank of Australia (ASX:CBA) share price is down nearly 3% after releasing its March 2019 result.
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