Industrial stocks
Beacon (ASX:BLX) share price shines on FY21 profit growth
The Beacon Lighting Group Ltd (ASX:BLX) share price is up more than 4% after telling investors it’s expecting strong profit growth in FY21.
May 20, 2021
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 Beacon Lighting Group Ltd (ASX:BLX) share price is up more than 4% after telling investors it’s expecting strong profit growth in FY21.
The Qantas Airways Limited (ASX:QAN) share price will be on watch today after the airline revealed its profit is rapidly recovering.
The Laybuy Holdings Ltd (ASX:LBY) share price is down more than 14% after its capital raising and presentation to investors.
The Cettire Ltd (ASX:CTT) share price is soaring after announcing a partnership with Klarna. The stock is up more than 9%.
The Webjet Limited (ASX:WEB) share price is falling after investors got a look at the FY21 result for the nine months to 31 March 2021.
The Appen Ltd (ASX:APX) share price is rising strongly in reaction to a trading update as well as a new business structure.
Is the Appen Ltd (ASX:APX) share price a super cheap buy right now after falling to around $11? The ASX tech share is down heavily in 2021.
ASX tech shares are going through a rough time and I think now is a really good time to buy shares of Redbubble Ltd (ASX:RBL).
The Webjet Limited (ASX:WEB) share price is going to be under the spotlight this week as the travel business is due to hand in its FY21 report.
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