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Why these 3 ASX shares have gone nuts in 2017

Although year-to-date the ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) has managed to carve out a return of just 1.6%, not all shares in the index have performed as poorly.

Three shares in particular have gone absolutely nuts so far this year. Here’s why:

The Avanco Resources Limited (ASX: AVB) share price is up 71% so far in 2017. Avanco’s strong share price performance is largely due to a rally in copper prices as a result of solid Chinese demand and supply disruptions. These supply disruptions are unlikely to ease anytime soon, which I expect will mean favourable prices for Avanco. However, at the current share price I think the copper miner is a little expensive and could be at risk of declines.

The Costa Group Holdings Ltd (ASX: CGC) share price has risen 28% this year. The catalyst for this was a strong first-half result from the leading grower, packer and marketer of fresh fruit and vegetables. Costa reported a 35.7% jump in net profit after tax before SGARA and material items, thanks to a solid performance from all its core produce categories. Whilst I like Costa, I am concerned what the supermarket price-war will mean for its future results. In light of this I would hold off an investment for the time being.

The Estia Health Ltd (ASX: EHE) share price has rocketed 19% year-to-date. The aged care operator was one of the big winners during earnings season, surprising the market with a half-year net profit result of $19.8 million. This was a 17% increase on the prior corresponding period and possibly an indication that the company has now turned a corner. Whilst management has stated that it is on course to meet full-year EBITDA guidance of between $86 million and $90 million, the company doesn’t have the best track record when it comes to providing guidance.

Finally, if you missed out on these gains don't worry. These three growth shares are on fire at the moment and I expect them to provide investors with strong share price gains over the next 12 months.

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.

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