Today's ASX news
Are NAB (ASX:NAB) And CBA (ASX:CBA) Shares Dramatically Overvalued?
Are the big ASX banks of Commonwealth Bank of Australia (ASX:CBA) and National Australia Bank Ltd (ASX:NAB) overvalued?
March 27, 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.
Are the big ASX banks of Commonwealth Bank of Australia (ASX:CBA) and National Australia Bank Ltd (ASX:NAB) overvalued?
The Lynas Corporation Ltd (ASX:LYC) share price could come under pressure after the rare earth miner responded to Wesfarmers Ltd (ASX:WES) takeover bid.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up 0.72% on Tuesday.
The Coles Group Limited (ASX:COL) share price is up 2.5% in response to its new online partnership with Ocado.
Challenger Ltd (ASX:CGF) shares have risen 8% in response to the company’s news about its strategic relationship with MS&AD Insurance.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.02% at lunch.
The Wesfarmers Ltd (ASX:WES) share price could react strongly to the news it aims to acquire Lynas Corporation Ltd (ASX:LYC).
The Kathmandu Holdings Ltd (ASX:KMD) share price could be one to watch this morning after it reported a mixed January 2019 half year result.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went down 0.08% on Monday.
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