Industrial stocks
Graincorp (ASX:GNC) share price soars 10% on strong FY23 guidance
The Graincorp Ltd (ASX:GNC) share price climbed 10% today after the agriculture ASX share announced its HY23 result.
May 11, 2023
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 Graincorp Ltd (ASX:GNC) share price climbed 10% today after the agriculture ASX share announced its HY23 result.
The Allkem Ltd (ASX:AKE) share price has jumped 15% after the ASX lithium share revealed a merger with Livent Corp (NYSE:LTHM).
The Nextdc Ltd (ASX:NXT) share price is under the spotlight after the business announced two new data centre developments.
The Appen Ltd (ASX:APX) share price is down around 20% after the ASX tech share revealed a tough trading update to April 2023.
The Fortescue Metals Group Ltd (ASX:FMG) share price is under the spotlight today after an announced $2 billion for hydrogen in the budget.
May could be the perfect month to buy ASX growth shares. I think there are several that could deliver strong performance over the long-term.
The Commonwealth Bank of Australia (ASX:CBA) share price is down 1% after the ASX bank share reported its quarterly update to March.
The Lynas Rare Earths Ltd (ASX:LYC) share price has jumped more than 10% after the ASX mining share revealed some positive Malaysian news.
The Westpac Banking Corp (ASX:WBC) share price is in the spotlight after the bank announced its FY23 half-year result and interim dividend.
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