Energy stocks
Allkem (ASX:AKE) share price in focus on strong FY23 result
The Allkem Ltd (ASX:AKE) share price will face market attention after the ASX lithium share reported its FY23 result.
August 22, 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 Allkem Ltd (ASX:AKE) share price will face market attention after the ASX lithium share reported its FY23 result.
The Premier Investments Limited (ASX:PMV) share price has gone bananas, it’s up more than 12% after a strong trading update.
The A2 Milk Company Ltd (ASX:A2M) share price has sunk more than 10% as investors absorbed the weak outlook commentary.
The Westpac Banking Corp (ASX:WBC) share price is on watch after revealing it made $1.8 billion of net profit.
The Coles Group Ltd (ASX:COL) share price is down more than 1% after it revealed a delay with its new distribution centres.
The Magellan Financial Group Ltd (ASX:MFG) share price has jumped 15% after the fund manager revealed its FY23 result and a special dividend.
The Latitude Group Holdings Ltd (ASX:LFS) share price faces scrutiny after the ASX share announced its HY23 result.
The Sonic Healthcare Ltd (ASX:SHL) share price is down 5% after the business announced its FY23 result and gave FY24 guidance.
The Super Retail Group Ltd (ASX:SUL) share price has risen after announcing its FY23 result, revealing resilient numbers.
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