Here’s why these 4 ASX shares are skyrocketing today

On the eve of the U.S. election the benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) started strongly, but faded as the day went on. In afternoon trade the index is flat at 5,252 points.

Doing their best to keep the index in positive territory have been four shares in particular. Each has put on strong gains today for their respective shareholders. Here’s why:

APN Outdoor Group Ltd (ASX: APO) shares are up a massive 15% to $5.32 after upgrading its profit guidance for FY 2016. A stronger-than-anticipated period between September and November means that the outdoor advertiser expects full year EBITDA to land in the region of $84 million to $86 million. This will come as a big relief to shareholders who prior to today had seen the outdoor advertiser’s share price plummet 43% since its August update. The shares of rival oOh!Media Ltd (ASX: OML) rose strongly on the news also.

Domino’s Pizza Enterprises Ltd. (ASX: DMP) shares have soared for a second day running. This time the pizza chain operator’s shares have risen almost 6% to $72.14. Late yesterday Domino’s updated its profit guidance, advising that it expects earnings to increase by more than 30% in FY 2017. Driving the incredible growth forecast is strong same-store sales growth in the ANZ region. It’s expected to rise between 12% and 14% this year.

REA Group Limited (ASX: REA) shares have jumped 6% to $51.50 after the online property company revealed a 16% year-on-year increase in first quarter revenue. According to the release the strong revenue result was driven by the inclusion of iProperty revenue and a 14% increase in the Australian residential business. Overall another solid result from the company despite the fact that the number of listings was 8% lower than the same period last year.

Santos Ltd (ASX: STO) shares have climbed almost 5% to $3.67 following an increase in oil prices overnight. According to the Wall Street Journal prices were given a lift thanks to both Hillary Clinton edging ahead in the polls and renewed optimism that OPEC may agree on a production freeze. If you’re thinking of investing, I would suggest reading this first.

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Motley Fool contributor James Mickleboro has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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