Editor's picks
Inflation soars to 6.1%..so why are ASX 200 (XJO) shares up?
Australia’s latest inflation number is in. It was was 6.1%. But, strangely, collectively S&P/ASX 200 Index (ASX: XJO) shares went up. Why?
July 27, 2022
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.
Australia’s latest inflation number is in. It was was 6.1%. But, strangely, collectively S&P/ASX 200 Index (ASX: XJO) shares went up. Why?
The Myer Holdings Ltd (ASX:MYR) share price has gone nuts. It’s up more than 20% after giving investors an update.
The EML Payments Ltd (ASX:EML) share price is sinking, it’s down 19% today after giving an update about the Central Bank of Ireland (CBI).
The Nanosonics Ltd (ASX:NAN) share price is in focus after the ASX healthcare share gave an update about FY22.
It looks like a good time to buy shares of one of the largest S&P/ASX 200 (ASX:XJO) mining shares at today’s Rio Tinto Limited (ASX: RIO) share price.
I think there are some great ASX 200 (ASX: XJO) shares that I’d want to buy for my portfolio, like Wesfarmers Ltd (ASX:WES).
The Brickworks Limited (ASX:BKW) share price is rising after launching its new manufacturing trust and providing earnings guidance.
The Woodside Energy Group Ltd (ASX:WDS) share price has fallen around 2% after delivering a strong second quarter.
The Zip Co Ltd (ASX:ZIP) share price is up after the company released its FY22 fourth quarter, showing more customer and merchant growth.
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