Why these 4 ASX shares are rocketing higher today

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has bounced back from yesterday’s decline and finds itself 0.1% higher to 5,762 points today thanks to solid gains in the materials and energy sectors.

Four shares which have made notably strong gains today are listed below. Here’s why they have rocketed higher:

The Brickworks Limited (ASX: BKW) share price has jumped 5% to $13.12 today. This morning the building products manufacturer threatened to take its manufacturing overseas if the government did not address soaring energy costs. Its recent gas contract negotiations for supply until 2019 means the company will see prices increase 76% across its east coast operations.

The Origin Energy Ltd (ASX: ORG) share price has climbed 3.5% to $6.58 after the integrated energy company was upgraded to an outperform rating by Credit Suisse. Although I think its planned divestments are a great idea, I’m reasonably bearish on oil prices at the moment. If oil prices tumble down to US$40 a barrel, I fear Origin’s share price could fall significantly also.

The Pro Medicus Limited (ASX: PME) share price has risen 8% to $4.69 after the digital medical imaging company announced a major new deal with Primary Health Care Limited (ASX: PRY). The deal will see its Visage RIS product rolled out across 141 of Primary Health Care’s diagnostic imaging sites. All in all, the deal is expected to add at least $14.5 million in total to Pro Medicus’ top line over a five-year period.

The TPG Telecom Ltd (ASX: TPM) share price has jumped 4% to $6.57 today despite there being no news out of the growing telecommunications company. It appears as though investors may wish to grab hold of its shares ahead of its half-year release next week. Considering how cheap its shares appear right now, I can’t say I’m surprised to see them climbing higher.

Did you miss out on gains today? Don't worry because these five shares could be just what your portfolio needs to take it higher in the long-term. They also pay generous dividends as well.

For Investors Who Are Anxious About 2017

In 2017, the share market could have its most volatile year ever. That's why one Foolish expert is revealing 5 of his favorite dividend payers now. These "strong and steady" shares promise a healthy stream of income plus capital gains...

But you must act now. This newly updated report is available for a limited time only, and your copy is 100% free. So don't miss out!

Simply click here to receive your free copy of "Our Top 5 ASX Dividend Shares to Earn You Money in 2017" right now.

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.

HOT OFF THE PRESSES: My #1 Dividend Pick for 2017!

With its shares up 155% in just the last five years, this ‘under the radar’ consumer favourite is both a hot growth stock AND our expert’s #1 dividend pick for 2017. Now we’re pulling back the curtain for you... And all you have to do to discover the name, code and a full analysis is enter your email below!

Simply enter your email now to receive your copy of our brand-new FREE report, “The Motley Fool’s Top Dividend Stock for 2017.”

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.