The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is surging higher today after a positive performance from global equities markets overnight.
The S&P 500 rose 2.04% while the Dow Jones and Nasdaq indices jumped 1.69% and 2.12% respectively, after the oil price rose and the Federal Reserve confirmed it would be patient in increasing interest rates.
While a good day for investors in general, shareholders of these five companies will be jumping for joy with their shares skyrocketing:
Amcom Telecommunications Limited (ASX: AMM) and Vocus Communications Limited (ASX: VOC) have surged 12.3% and 4.4% respectively after the pair announced they had agreed to terms of a $1.1 billion merger. Amcom is based in Perth, giving it a strong presence in the west, while Vocus is based in Sydney, giving it an advantage in the east, which highlights the synergies of the deal. Upon completion, Amcom shareholders will hold roughly 51.7% of the combined entity.
Lynas Corporation Limited (ASX: LYC) has gained 0.5 cents or 10.2% to be trading at 5.4 cents per unit after the company announced it had appointed a new Chairman and Non-Executive Director. The incoming chairman, Mike Harding, has significant experience with industrial businesses, including a management position with British Petroleum (BP). While recognising that Lynas has its challenges, Harding stated that he believes the company has significant opportunities in the years ahead, sparking interest from investors.
Liquefied Natural Gas Ltd (ASX: LNG) has also surged 8.8% today, taking its shares to $2.23. Although it remains the top-performing ASX 200 stock in 2014, with its shares up 682% since the beginning of the year, it has fallen heavily in recent months as a result of heavy shorting activity and the plummeting oil price. After Brent oil rallied 3.9% overnight investors could be jumping back on board in the hope of further gains.
Senex Energy Ltd (ASX: SXY) has also benefited from the rallying oil price and is the top performing stock from the ASX 200 today, rising 17.5% to 37 cents. Indeed, today's rally comes as a major relief for shareholders who have watched their stock plummet more than 60% since March as a result of the tumbling oil prices. If oil prices continue to rise, Senex Energy could prove to be a major turnaround story.
Oil stocks look like they could be ready for a serious rebound!
