4 stocks that climbed over 10% in April

Business restructures and strong reporting results pushed share prices higher.

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

April has been a strong month with a few surprises for the stock market. The S&P ASX 100 Index (ASX: ^XTO) was up 1.9% over the past month, hitting a new 52-week high of 4,620 on 29 April.

One surprise was the sudden takeover offer for David Jones Limited (ASX: DJS) by the South Africa-based Woolworths Holdings Limited (Johannesburg: WHL). It shot the department-store stock up to about $4 a share and it is still up 22% for the month.

Just when the market was contemplating what a merger between David Jones and rival Myer Holdings Ltd (ASX: MYR) would look like, a possible business shake-up for David Jones and a potentially stronger competitor for Myer is in store now.

Here are some of the other ASX 100 stocks that made gains of more than 10% in the past 30 days.

WorleyParsons Limited (ASX: WOR)

The engineering and professional services provider announced that it will be restructuring its business to reduce costs and improve margins. At $16.63, it is up about 11% for the month, recovering somewhat from a $15.00 low.

The mining pullback caused it to revise its earnings expectations and it was beaten down by the market. With changes on the way, this may be a turning point for the company.

Qantas Airways Limited (ASX: QAN)

The domestic flight service market leader is up about 16% in the last 30 days. It is in the process of restructuring and is planning to axe about 5,000 jobs to get its losses in order. It had an interim result of a loss of 8.3 cents per share.

It still controls about 80% of the corporate travel market, yet it wants more freedom with its international business to rationalise some costs.

ResMed Inc (ASX: RMD)

The producer of respiratory aid devices for breathing disorders raised its March quarter sales, and quarterly earnings per share were up around 9% on the previous corresponding period. The stock climbed about 12% in the last 30 days.

It is experiencing some headwinds in its US market where the government’s competitive bidding policy changes may cause downward pressure on what the company can charge for medical devices.

Foolish takeaway

I would prefer ResMed with its long record of increasing earnings. Its first-half results were very encouraging as well.

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

More on ⏸️ Investing

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest
ETFs

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

asx share price competitions represented by businessmen arm wrestling
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »

person reading news on mobile phone
⏸️ Investing

Why Fox (NASDAQ:FOX) might hurt News Corp (ASX:NWS) shareholders

News Corporation (ASX: NWS) might be facing some existential threats from its American cousins over the riots on 6 January

Read more »