Today's ASX news
Why The AMP (ASX:AMP) Share Price Is Down
The AMP Limited (ASX:AMP) share price is down 5% as the company announced an unfortunate development with APRA.
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.
The AMP Limited (ASX:AMP) share price is down 5% as the company announced an unfortunate development with APRA.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.02% at lunch.
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.
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