MENU

Why these 4 ASX shares have climbed higher today

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is just managing to keep its head above water and in afternoon trade is up 0.1% to 5,774 points.

Four shares which have outperformed the market today are listed below. Here’s why they have climbed higher:

The Auscann Group Holdings Ltd (ASX: AC8) share price has bounced back after recent declines and is up 9% to 49.5 cents. The medicinal cannabis company’s shares came under heavy selling pressure in the last few trading days following a $12 million capital raising at 50 cents per share. It appears as though bargain hunters have swooped in today.

The Aristocrat Leisure Limited (ASX: ALL) share price is up 4% to an all-time high of $21.04 following the release of an impressive half-year result. The gaming solutions company reported a 49% increase in half-year NPATA to $272.9 million thanks partly to the impressive performance of its Americas business. Although its shares look expensive at 30x trailing earnings, considering its current growth profile I think it could be worth a closer look.

The Ansell Limited (ASX: ANN) share price has jumped 4.5% to $25.22 after the health and safety protection solutions provider announced plans to offload its Sexual Wellness business for US$600 million and initiate a major share-buyback program. At US$600 million, the deal values the segment at 19x FY 2016 EBIT. I think Ansell has received a good price and I can’t say I’m surprised to see its shares jump higher.

The Worleyparsons Limited (ASX: WOR) share price has surged 7% to $12.50 today, bringing its two-day return to a massive 13%. Investors appear to be snapping up shares after management stated that its customers are indicating a return to CAPEX and OPEX growth. This led to Deutsche Bank upgrading its shares to a buy rating with a $13.73 price target. I think Worleyparsons could be a good option for investors looking to gain exposure to the resources sector.

But if you're not a fan of the resources sector then take a look at these explosive growth shares. I expect them to outperform Worleyparsons in the long-term by some distance.

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.