Industrial stocks
Why the Adbri (ASX:ABC) share price is jumping higher
The Adbri Ltd (ASX:ABC) share price has jumped more than 7% after the construction company’s latest promising update.
December 15, 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 Adbri Ltd (ASX:ABC) share price has jumped more than 7% after the construction company’s latest promising update.
The Woolworths Group Ltd (ASX:WOW) share price is up after a positive ACCC update about the Petstock acquisition.
The Volpara Health Technologies Ltd (ASX:VHT) share price is in focus after agreeing to a huge takeover deal.
The share price of IGO Ltd (ASX:IGO), an ASX lithium share, is down another 2% after revealing a disappointing update.
The Sigma Healthcare Ltd (ASX:SIG) share price has jumped 36% after returning to the ASX. Chemist Warehouse is planning to list.
I’d recommend buying both of these ASX shares as ways to invest for the long-term, including Wesfarmers Ltd (ASX:WES) shares.
The Johns Lyng Group Ltd (ASX:JLG) share price is in focus after winning its first major contract in New Zealand.
The Smartgroup Corporation Ltd (ASX:SIQ) share price is up 8% after giving a promising update with a contract.
The Sigma Healthcare Ltd (ASX:SIG) share price is in the spotlight amid a plan to merge with Chemist Warehouse.
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