The S&P / ASX 200 (Index: ^AXJO) (ASX: XJO) has turned in a flat performance today, but some businesses have posted some handy gains on the back of investor excitement over their huge potential in giant overseas markets.
Nanosonics Ltd. (ASX: NAN) sells sterilisation equipment to hospitals worldwide and the fast-growing sales into huge global markets are beginning to attract the interest of investors. The stock has more than doubled in price over the last six months and gained 10.28% today to close at a record high of $1.77.
Sales in 2014 were $21.5 million and the company has almost as much cash in the bank, which means it has plenty of opportunity to grow the sales effort. It recently announced it would be taking that sales effort in-house in the US market in order to replicate a strategy that has seen success in the UK. The company has been kicking goals and the share price is responding to a bright outlook.
Domino's Pizza Enterprises Ltd. (ASX: DMP) is another business that investors are betting on given its overseas growth prospects in super-sized markets like Japan. Domino's is making a lot of dough with recent interim results showing a 44% jump in net profit on the back of a 29.5% increase in revenue.
Since the results the stock has lifted around 25% to close at $35.89 today on a forward price earnings ratio of around 55 based on analysts' estimates for full year earnings per share. Shares clearly aren't for bargain hunters at these prices and may face a hard landing soon.
Worleyparsons Limited (ASX: WOR) is today's mystery mover having climbed around 10% despite releasing no specific news to the market. Today's buying may be the result of bargain-hunting investors looking at a stock that has dropped around 32% since August in tandem with the falling oil price.
WorleyParsons relies for much of its work on new investment in the hydrocarbons, metals, minerals and construction sector, with an uptick in commodity prices over the last month likely attracting investors looking to take a position before the company reports half-year results later this month.
