It's a flat day for the S&P / ASX 200 (Index: ^AXJO) (ASX: XJO) today as the market drifts sideways ahead of August's upcoming earnings season. That's not stopped several businesses soaring higher though and it's worth investigating what may be supporting today's top performers.
Ziptel Ltd (ASX: ZIP) is a business that has developed an online app named ZipT that it says has surpassed more than 500,000 installs since its launch not much more than three weeks ago. The app is marketed in south Asian countries where internet speeds are slow and a low-cost offering is demanded by users.
The company's ambition is to garner 10 million users within the next 18 months and if it's successful today's stock price rise of 12 cents to 99 cents will seem inconsequential compared to the future.
Sirtex Medical Limited (ASX: SRX) has jumped 3.7% to $31.75 in trade today as the U.S. dollar's outlook versus its Australian counterpart continues to strengthen. Sirtex sells radioactive cancer therapies primarily in the U.S. market and if predictions for the Australian dollar to fall to as low as 60 U.S. cents come true then its Australian dollar earnings look likely to receive a significant boost.
Capilano Honey Ltd (ASX: CZZ) is a honey producer and retailer that appears to have hit a sweet spot on the back of strengthening demand and prices for its honey product. The stock lifted 5.3% today to hit a record high of $14.45 and is up 128% over the past year. The business carries some risk, but with that comes potentially more reward and it looks one to watch.
Superloop Ltd (ASX: SLC) is a recently listed fibre-optic internet and data centre business also sitting in something of a growth sweet spot given its leverage to demand for data and high-speed internet services. The company only recently hit the ASX boards, but closed at a record high of $2.20 today at more than double its $1 IPO price.
The business has exclusive rights of use to fibre-optic cable networks across major Australian cities and also aims to grow into Singapore an area of high urban interconnectivity density.
