Today's ASX news
Will CBA’s (ASX:CBA) Share Price Be Hurt By Legal Action?
The Commonwealth Bank of Australia (ASX:CBA) share price could be hurt by legal action due to CommInsure’s conduct.
October 4, 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 Commonwealth Bank of Australia (ASX:CBA) share price could be hurt by legal action due to CommInsure’s conduct.
The Magellan Financial Group Ltd (ASX:MFG) share price could a mover today after announcing its monthly funds under management (FUM).
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) rose by 0.80% on Thursday.
The Magellan Financial Group Ltd (ASX:MFG) share price managed to rise 0.5% after making an announcement to the market.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 2.23% at lunch.
The Webster Limited (ASX:WBA) share price is going to go nuts today after announcing it has entered into takeover proceedings.
The World Trade Organisation (WTO) has ruled that the US can impose tariffs onto EU goods, what will this mean for shares?
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) fell by 1.79% on Wednesday.
The ASX 200 (ASX:XJO) is expected to open down quite heavily today (around 1.8%), adding onto the pain of yesterday.
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