Motley Fool Australia

Here’s why these 4 ultra-promising ASX stocks are jumping today

Wall Street Bull

The Australian share market has retreated a little further today, with the benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) index hovering 0.5% lower early in the afternoon, weighed down by some of Australia’s biggest stocks. But that hasn’t stopped these four market beauties from jumping strongly.

Regis Healthcare Limited (ASX: REG) rose as much as 13% earlier in the session, clocking a high of $5.14 after it upped its full-year net profit guidance by 5-10%. The aged care provider reported strong revenue growth and a solid reduction in staff costs, while it also ended the period with a strong cash position (with no debt), putting it in an excellent position to capitalise on its growth opportunities.

XERO FPO NZ (ASX: XRO) has extended its strong rally, rising a further 4.6% today after it received a ‘please explain’ from the New Zealand Securities Exchange yesterday. While it confirmed it was in compliance with its continuous disclosure obligations, the cloud-computing software giant has now risen 26% since the beginning of the week and is trading at $19.64 a share.

Webjet Limited (ASX: WEB) has risen another 8.2% today. In the six months ended December, the online travel agency posted a massive 38% rise in international bookings, which was far stronger than the market’s growth rate of just 4%. Indeed, the future is looking bright for Webjet and today’s gain complements yesterday’s 4.1% jump.

Tatts Group Limited (ASX: TTS) is the ASX 200’s top performing stock today, rising 7.4% to $4.06 per share. JPMorgan, Macquarie and UBS have all upgraded their guidance on the stock after the gaming business posted a 14.6% lift in first-half net profits yesterday. JPMorgan is the most bullish on the stock, having raised its price target by 15% to $4.38 per share which is almost 8% above today’s price tag.

NEW: The Motley Fool’s BEST stock idea for 2015 – Yours FREE!

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

*Returns as of February 15th 2021

Motley Fool contributor Ryan Newman owns shares in XERO FPO NZ. The Motley Fool owns shares in XERO FPO NZ. You can follow Ryan on Twitter @ASXvalueinvest.

Related Articles…

Latest posts by Ryan Newman (see all)