4 ASX stocks soaring on the ASX today

The market turned ugly today with a sea of red across all sectors. The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) closed down 1% at 5,226.4 points, ending a five-day winning streak.

For these four companies, the streak continues at least for the day…

A2 MILK FPO NZ (ASX: A2M) share price gained 9.4% to $1.11, and shares have now soared 57% in the last month alone. We covered the share price surge in more detail here, but one reason for the jump is that sales of infant formula are up more than 300% for the first four months of the financial year.

Netcomm Wireless Ltd (ASX: NTC) share price put on another 9% to $2.66 and has now gained over 445% since the beginning of this year. I recently named the modem and router maker as one of my top 10 stocks to watch. Netcomm’s products are widely used by the National Broadband Network (NBN) and the company’s machine-to-machine communications technology could be in big demand by the next big global technology trend – the “Internet of Things”.

Nearmap Ltd (ASX: NEA) saw its share price gain 7.9% to $0.41, perhaps in a sign that the worst might be over after shares were hammered when the CEO unexpectedly resigned. The photomapping software company has expanded into the US, but detailed news on progress is hard to come to by. The company’s Australian operations are still growing strongly and reaffirmed its guide for a revenue run rate of more than $28 million by the end of this calendar year. Nearmap will hold its AGM on November 30, 2015 and more details will be released.

Reject Shop Ltd’s (ASX: TRS) share price rose 4.3% to $11.34, as the bargain bin retailer continues to improve on disappointing results last financial year. Comparable store sales for the first quarter were reportedly well above the same levels as last year and continued into October. Shares have gained 78% since the start of this year, with many analysts writing the company off.

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Motley Fool writer/analyst Mike King owns shares in Nearmap and Reject Shop. You can follow Mike on Twitter @TMFKinga

Unless otherwise noted, the author does not have a position in any stocks mentioned by the author in the comments below. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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