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Why these 4 ASX shares have made HUGE gains today

It has been yet another day of disappointment for the benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO). In afternoon trade the index is down 0.5% to 5,861 points due largely to declines in the materials and financial sector.

Despite this there have been a number of shares going against the grain and climbing higher. Here’s why these four shares have surged higher today:

The Aconex Ltd (ASX: ACX) share price has jumped 5.5% to $4.55 after the company reiterated its full-year guidance. As the company has downgraded its guidance a number of times in the last 12 months, some investors appear to have been expecting the worse. Today’s gain means its shares have now climbed almost 50% in the last three months, much to the dismay of short sellers.

The Cann Group Limited (ASX: CAN) share price has doubled in value to 60 cents today. The company is the latest in a growing number of pot stocks listed on the ASX. Cann Group was the first Australian company to be issued with a licence under the federal government’s new regulatory system for medicinal cannabis use. These are exciting times for its shareholders.

The Corporate Travel Management Ltd (ASX: CTD) share price has stormed higher by 10% to $22.26. This morning the corporate travel specialist upgraded its full-year EBITDA guidance to at least $97 million from between $92 million and $97 million. Further market share gains in the second-half of FY 2017 are behind the upgrade. In my opinion this demonstrates why I think Corporate Travel Management is one of the best growth shares on the market.

The Kathmandu Holdings Ltd (ASX: KMD) share price has climbed 4% to $1.96 after the release of a positive third-quarter update. The update revealed an 11.9% jump in sales over the prior corresponding period in constant currency terms. While I am impressed with its turnaround, its hugely important June/July promotional period is still to come. Because of this I would hold off an investment until its full-year results are announced later this year.

Finally, if you missed out on these huge gains don't worry. I believe these high-flying growth shares could be next in line for big gains. Grab them whilst you can would be my advice!

Top 3 ASX Blue Chips To Buy In 2017

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

But knowing which blue chips to buy, and when, can 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 ACONEX FPO and Corporate Travel Management 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.

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