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

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course to finish the week strongly and is up 0.9% to 5,788 points in early afternoon trade.

Four shares which are having an even stronger finish to the week are listed below. Here’s why they are ending the week with a bang:

The Fletcher Building Limited (Australia) (ASX: FBU) share price is up 3% to $7.36 today thanks to a positive research note out of Deutsche Bank. Its analysts reiterated their buy rating on its shares after its research showed that New Zealand construction demand remains strong. If this proves to be the case then Fletcher Building could prove to be great value for money in my opinion.

The Orocobre Limited (ASX: ORE) share price is up 5.5% to $3.85 despite there being no news out of the lithium miner. A presentation released by rival Galaxy Resources Limited (ASX: GXY) today could be behind the gain. Galaxy’s presentation shows that the lithium-ion battery application mix is transitioning from being dominated by consumer electrics to new energy vehicle applications. It believes the strong demand will support the high prices lithium is currently commanding.

The OBJ Limited (ASX: OBJ) share price is up almost 8% to 5.6 cents after the drug delivery technology company provided a trading update. According to the release OBJ received $127,400 of royalties from its skincare technology licensee in the March quarter. Furthermore, the company has received its first standstill and royalty fees of approximately $169,000 for the second technology licensed to global giant Procter & Gamble.

The Zelda Therapeutics Ltd (ASX: ZLD) share price has rocketed 32% to 7.4 cents after the medicinal cannabis company reported positive results from its ongoing pre-clinical research into the use of cannabinoids as anti-cancer agents. A series of in vitro studies have confirmed that both THC-rich and CBD-rich oils have had a statistically significant anti-cancer effect across a range of different breast cancer cell lines.

Did you miss out on these gains today? Don't worry if you did because I'm tipping these growth shares to smash the market over the next few years.

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 owns shares of Galaxy Resources Limited. 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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