Editor's picks
Fortescue (ASX:FMG) share price down after FY24 Q1 update
The Fortescue Metals Group Ltd (ASX:FMG) share price is down around 1% after its FY24 Q1 update was announced.
October 26, 2023
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 Fortescue Metals Group Ltd (ASX:FMG) share price is down around 1% after its FY24 Q1 update was announced.
The Pilbara Minerals Ltd (ASX:PLS) share price is on watch after the ASX lithium share gave its update for the first quarter of FY24.
The Magellan Financial Group Ltd (ASX:MFG) share price is down 4% after yet another CEO departs. It also announced higher costs.
The Corporate Travel Management Ltd (ASX:CTD) share price is up more than 4% after the ASX travel share announced a share buyback.
The Woolworths Group Ltd (ASX: WOW) share price is down even though it reported growth in the first three months of FY24.
The Wesfarmers Ltd (ASX:WES) share price has fallen 5% from the start of September. I’m going to explain why I think it’s a long-term buy.
The Zip Co Ltd (ASX:ZIP) share price is in focus after the buy now, pay later business revealed a positive update for its FY24 first quarter.
The Pro Medicus Ltd (ASX: PME) share price has risen after revealing another solid contract win in Australia.
The Treasury Wine Estates Ltd (ASX:TWE) share price is on watch on news of a review into the tariffs on Australian wine into China.
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