MENU

Why these 4 ASX shares have started the week with big gains

It has been a reasonable mixed start to the week for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO). In afternoon trade the index has bounced back from its lows and is down by 0.1% to 5,830 points.

Four shares in particular haven’t let that hold them back. Here’s why they have surged higher today:

The BT Investment Management Ltd (ASX: BTT) share price has rebounded from last week’s heavy decline with a 3% jump to $12.14. BTIM’s shares fell sharply last week after the release of a disappointing interim result. Judging by the jump today, some investors appear to believe they have fallen into bargain territory. Whilst I like the company, I would still hold out for a better entry point.

The Fairfax Media Limited (ASX: FXJ) share price has jumped 7.5% to a six-year high of $1.15 after private equity firm TPG came back with an improved offer. According to the release TPG is now offering $1.20 a share for the entire business, compared to the previous offer of 95 cents a share for its best assets.

The Perseus Mining Limited (ASX: PRU) share price is up 3.5% to 30 cents after the gold miner revealed significant results from exploration drilling at its Papara prospect in the Ivory Coast. Management believes the results point to significant additional inventory of mineable, mineralised material being discovered within trucking distance of its Sissingué mine. Great news if you’re bullish on the gold price.

The Slater & Gordon Limited (ASX: SGH) share price has jumped 9.5% to 11.5 cents. Today’s gain means the law firm’s shares have rallied almost 28% since it announced plans to take Watchstone Group Plc to court in an attempt to claim £600 million ($1 billion) back in compensation following the acquisition of its Quindell business in 2015.

If you missed out on these gains don't worry. I think these exciting growth shares are next in line to provide outsized returns for investors.

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 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.