MENU

Why these 7 ASX shares went nuts today

Although the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has been flat at 5,778 points, there have been plenty of big movers on the market today.

Seven shares in particular have stood out. Here’s what drove them higher:

The Blackmores Limited (ASX: BKL) share price has rocketed 14% to $114.57 points after the Australian Financial Review reported that China has delayed its new cross border e-commerce laws indefinitely. These laws had threatened to reduce the sales of many leading exporters into the country. So it’s no surprise to see shares like Blackmores, a2 Milk Company Ltd (Australia) (ASX: A2M), Bellamy’s Australia Ltd (ASX: BAL), and BWX Ltd (ASX: BWX) surge higher today.

The Stemcell United Ltd (ASX: SCU) share price has risen 39% to 23 cents. Stemcell United’s shares have been going nuts since announcing plans to enter the medical marijuana space. Whilst the company could yet come up with the goods, at this stage I feel this is as speculative as it comes.

The Spotless Group Holdings Ltd (ASX: SPO) share price has climbed a massive 45% to $1.05 after services company Downer EDI Limited (ASX: DOW) announced its plan to acquire the company for $1.27 billion. This equates to an all cash offer of $1.15 per share. Considering the problems that Spotless has been having, I think this is a decent offer for its shareholders.

The TPG Telecom Ltd (ASX: TPM) share price has jumped 6% to $7.01 following the release of a strong half-year result which saw half-year revenue rise 8% and profit climb 11%. For the full-year management reiterated previous underlying operating profit guidance of between $820 million and $830 million. At the current share price I feel TPG Telecom would be a great investment.

If you missed out on gains today don't worry. I've tipped these hot growth stocks 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 owns shares of A2 Milk and BWX Limited. 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.