ASX share Ideas
Is The ASX 200 Due For A Big Correction?
The ASX 200 (INDEXASX:XJO)(^AXJO) could be due for a big correction this year as it reached a recent high.
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 ASX 200 (INDEXASX:XJO)(^AXJO) could be due for a big correction this year as it reached a recent high.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.62% at lunch.
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.
Want to level-up your analytical skills and investing insights but don’t know where to start? Join 50,000 Australian investors on our mailing list and we’ll send you our favourite podcasts, courses, resources and investment articles every Sunday morning. Grab a coffee and let Owen and the team bring you the best insights.
Here you go: A $50,000 per year passive income special report
Join more 50,000 Australian investors who read our weekly investing newsletter and we’ll send you our passive income investing report right now.
Simply enter your email address and we’ll send it to you. No tricks. Unsubscribe anytime.
Unsubscribe anytime. Read our Terms, Financial Services Guide, Privacy Policy. We’ll never sell your email address. Our company is Australian owned.