Retail stocks & consumer discretionary
Is this bad update a warning sign for ASX retail shares?
ASX retail share investors may need to heed the warning from the update by Best & Less Group Holdings Ltd (ASX:BST).
June 20, 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.
ASX retail share investors may need to heed the warning from the update by Best & Less Group Holdings Ltd (ASX:BST).
The Woodside Energy Group Ltd (ASX: WDS) share price is up around 2% after announcing the approval of the Mexican Trion project.
The Lynas Rare Earths Ltd (ASX:LYC) share price has dropped around 2% after the ASX mining share revealed challenges with its Kalgoorlie project.
The Pointsbet Holdings Ltd (ASX:PBH) share price has jumped 18% after the online sports betting business revealed a DraftKings update.
The AGL Energy Ltd (ASX: AGL) share price climbed over 9% after the company announced its earnings
The iShares S&P 500 ETF (ASX:IVV) has steadily risen 14% in 2023 to today, it’s also up over the last year and five years.
The Australian Ethical Investment Ltd (ASX:AEF) share price is up 10% after impressive update about its FUM in FY23.
I like the idea of owning ASX dividend shares that pay investors with attractive income, like Hearts and Minds Investments Ltd (ASX: HM1).
The CSL Limited (ASX:CSL) share price is in focus as the healthcare giant gave investors a profit update for FY23.
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