In early afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is once again pushing higher. At the time of writing the benchmark index is up 0.2% to 5,902 points.
Four shares which have done a lot of the heavy lifting today are listed below. Here's why they have stormed higher:
The Australian Pharmaceutical Industries Ltd (ASX: API) share price has climbed 5.5% to $1.67 following the release of its full-year results. Although its annual profit growth was weaker than its original guidance, it came in ahead of its revised guidance at 5.4%. I think that at the current share price the company behind the Priceline pharmacy chain is worth considering.
The Bellamy's Australia Ltd (ASX: BAL) share price is almost 4% higher at $11.84 following the release of a positive research note out of Citi. According to the note, Citi has upgraded Bellamy's from a sell rating to a high risk buy. Furthermore, the broker has increased the price target on its shares all the way from $7.90 to $14.40.
The Domino's Pizza Enterprises Ltd. (ASX: DMP) share price is up 3.5% to $49.40. Investors have responded positively to the pizza chain operator's plan to acquire the Hallo Pizza chain in Germany. Although it is expected to only make a small positive contribution to earnings this year, I believe it could be a big boost in the future.
The Galaxy Resources Limited (ASX: GXY) share price has climbed 3.5% to $3.77 after it submitted a project notice to the local and Federal government for its James Bay lithium project in Canada. The notice is the first step the lithium miner must take in order start the regulatory process aimed at securing the necessary mining and infrastructure licenses.
