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.
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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.