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Why these 4 ASX shares are ending the week with a BANG

In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is down a disappointing 0.3% to 5,906 points, due largely to heavy declines in the materials sector.

Four shares which are going against the grain today and finishing the week with a bang are listed below. Here’s why they’ve surged higher:

The Bubs Australia Ltd (ASX: BUB) share price has jumped 7% to 15 cents after the infant formula company released its third-quarter report. Quarter-on-quarter revenue grew strongly, leading to total year-to-date revenue of $3.1 million. With its domestic footprint doubling during the quarter to over 1,800 stores, the company looks to be in position to continue growing its top line at a strong rate.

The Computershare Limited (ASX: CPU) share price is up 3.5% to $14.73 following the release of its investor presentation this morning. Although the company reaffirmed full-year earnings guidance of between 56 and 58 U.S. cents per share, the market appears pleased with its plans to improve its margin income.

The Orocobre Limited (ASX: ORE) share price has surged 6% to $3.11 after releasing its quarterly update after the market closed yesterday. While production was largely in line with expectations, revenue came in stronger than many expected. According to research notes out of Deutsche Bank and Citi this morning, both investment banks have reiterated their buy ratings on the lithium miner.

The OceanaGold Corporation (ASX: OGC) share price has jumped 4% to $4.22 despite the majority of the gold miners sinking lower today. The market appears to be pleased with the record quarterly production it announced yesterday. All the more impressive considering the drama it has faced at its Didipio mine in the Philippines.

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Top 3 ASX Blue Chips To Buy In 2017

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

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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.

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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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