3 rising stocks that could put a shine on your portfolio's future

Promising business expansion makes them attractive.

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The S&P ASX 100 Index (ASX: ^XTO) ended the past week at 4,506, closer to challenging its 4,530 high set in March. Miners lead the way amongst the sectors. The Aussie dollar stayed above 92 cents to the US$ as the RBA announced it was holding interest rates steady.

In the past week these three stocks made new 52-week highs and they have the potential to rise further.

Lend Lease Group (ASX: LLC) rose to a new high of $12.53 on Friday and closed at $12.51. The international property and infrastructure developer is involved in the Barangaroo South development project at Darling Harbour.

It is seeing strong profit gains from its Asia and Americas businesses, although its Australian segment was down.  While it is expanding more into the US market, the domestic development business is growing with residential lot settlements up significantly, followed by a solid rise in pre-sales.

TPG Telecom Ltd (ASX: TPM), the internet service provider and telecom company, set a new all-time high of $6.85 and closed Friday at $6.74. In the last 12 months, the share price has climbed about 110%.

In the first half of FY2014, it increased its broadband subscribers as well as the average revenue per user (ARPU). The result was a 15% gain in net profit.

The company acquired the internet service provider AAPT last year and aided by its extensive hardware network, will be developing its own fibre cable network in urban areas that can rival the download speeds of the national broadband network (NBN).

Premier Investments Limited (ASX: PMV) hit a new all-time high of $9.98 on Friday before it closed at $9.95. It released its half-year results in late March, reporting a rise in revenue and a 12% increase in net profit.

Apart from its Australian business, it is expanding its Smiggle stationery stores into the UK market. The popular and successful store chain has 122 stores in Australia and the company forecasts the potential to open about 200 in the UK. It may have up to ten of its first stores opened by July 2014.

Foolish takeaway

Each of these companies has good expansion potential. I especially like Premier Investments' development of a new store chain based on a proven business model. Stores that can successfully expand into new suburbs and cities nationwide can generate attractive earnings during the growth phase.

Motley Fool contributor Darryl Daté-Shappard does not own shares in any company mentioned. 

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