MENU

Why these 4 ASX shares have ended the week with a BANG

Thanks partly to strong gains in the consumer staples and utilities sectors the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is finishing the week with a bang. In afternoon trade the index is up 0.5% to 5,772 points.

Four shares which have had a stunning end to the week are listed below. Here’s why they’ve rocketed higher today:

The Afterpay Holdings Ltd (ASX: AFY) share price is up 5% to $2.27 today after the fintech star announced an agreement with ecommerce giant BigCommerce. The deal will see BigCommerce integrate Afterpay’s buy now, receive now, pay later service into its platform. This will allow BigCommerce’s 100,000 active online merchants to effortlessly offer Afterpay’s service to their customers.

The CSR Limited (ASX: CSR) share price has jumped 5% to $4.85 despite there being no news out of the building products company. Its shares received a slight boost this morning when a research note out of Ord Minnett revealed that its analysts had upgraded CSR from lighten to a hold rating. They believe that rising aluminium prices will give the company a lift.

The Flight Centre Travel Group Ltd (ASX: FLT) share price has climbed 3.5% to $29.88 today despite there being nothing of note out of the company. But with its shares changing hands at 14x estimated FY 2017 earnings according to CommSec, I can’t say I’m surprised to see investors snapping up its shares. It may be going through a difficult period now, but I believe it has invested smartly and has set itself up for solid long-term growth.

The Sirtex Medical Limited (ASX: SRX) share price has climbed 3.5% to $17.37 despite the biotechnology company being kicked out of the S&P/ASX 100 (Index: ^AXTO) (ASX: XTO) in the latest quarterly rebalances. Both Sirtex and Blackmores Limited (ASX: BKL) will be removed and replaced with Evolution Mining Ltd (ASX: EVN) and Macquarie Atlas Roads Limited (ASX: MQA) on March 20.

Missed out on gains today? Don't worry because these three hot growth stocks could be next in line to smash the market. I'm tipping them for big things this year.

Top 3 ASX Blue Chips To Buy In 2017

For many, blue chip stocks means stability, profitability and regular dividends, often full franked..

But knowing which blue chips to buy, and when, can often be fraught with danger.

The Motley Fool's in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool's Top 3 Blue Chip Stocks for 2017."

Each one pays a fully franked dividend. Each one has not only grown its profits, but has also grown its dividend. One increased it by a whopping 33%, while another trades on a grossed up (fully franked) dividend yield of almost 7%.

If you're expecting to see the likes of Commonwealth Bank, Telstra and Wesfarmers shares on this list, you'll be sorely disappointed. Not only are their dividends growing at a snail's pace, their profits are under pressure too due to the increasing competitive environment.

The contrast to these "new breed" blue chips couldn't be greater... especially the very real prospect of significant share price gains, something that's looking less likely from the usual blue chip suspects.

The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand - and how quickly the share prices of these companies moves - we may be forced to remove this report.

Click here to claim your free report.

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.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.