Today's ASX news
Graincorp (ASX:GNC) Shares Drop 8%, Is It A Buy?
The Graincorp Ltd (ASX:GNC) share price has fallen 8% in early trade in response to a negative update.
May 7, 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 Graincorp Ltd (ASX:GNC) share price has fallen 8% in early trade in response to a negative update.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went down by 0.45% on Monday.
The FBR Ltd (ASX:FBR) share price went up 20% after the robotics construction business had an exciting announcement to the market.
The share prices of Huon Aquaculture Group Ltd (ASX:HUO) and Tassal Group Ltd (ASX:TGR) are reeling from some negative news.
The Cimic Group Ltd (ASX:CIM) share price has fallen over 7% in response to some allegations made against it.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 1.04% at lunch.
Is it time to ‘sell in May and go away’? Some superstitious investors think it is.
The Bubs Australia Ltd (ASX:BUB) share price is going bananas, jumping over 19% after it announced a new partnership with Fonterra Shareholders’ Fund (ASX:FSF).
President Trump has threatened yet another round of trade tariffs on China, is this going to affect the ASX?
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