Today's ASX news
Why The Costa (ASX:CGC) Share Price Is Rotten Today
The Costa Group Holdings Ltd (ASX:CGC) share price is down 16% in early trade after providing the market a trading update.
May 30, 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 Costa Group Holdings Ltd (ASX:CGC) share price is down 16% in early trade after providing the market a trading update.
The big four ASX banks could come under pressure from Google, Apple and other tech giants soon.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) went down by 0.69% on Wednesday.
The Worleyparsons Limited (ASX:WOR) share price rose yesterday in response to another contract win.
Hot on the heels of a prediction that RBA interest rates will be at 0.75% by the end the year, JP Morgan thinks it could be 0.5% in a year from now.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.81% at lunch.
Telstra Corporation Ltd (ASX:TLS) has provided the market with an update about its T22 plan.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) went down by 0.84% on Tuesday.
The Speedcast International Ltd (ASX:SDA) share price went up 7.5% today and was one of the biggest climbers.
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