It's been a positive day for share market investors with several stocks soaring higher on the back of improved sentiment, positive updates or both. Below are four of today's top performers and some of the reasons why investors should keep them on their watch lists.
Catapult Group International Ltd (ASX: CAT) shares are up 11.7% today after providing a positive trading update at today's AGM. My top stock pick for October this week upgraded sales guidance for the current financial year as its sports analytics devices worn by athletes continues to sell like hot cakes. This looks a business to watch given the huge addressable market, with shares now at $1.62.
Lynas Corporation Limited (ASX: LYC) is a rare earths miner with operations in WA and Malaysia. Its stock is down 92% over the past five years, but up 8% today after it recently posted a quarter of positive free cash flow. This is good news for the indebted miner and if rare earths prices produce a sustained rebound it might tempt the punters.
Virtus Health Ltd's (ASX: VRT) share price is up 6.5% today probably after rival Monash IVF Group Ltd (ASX: MVF) posted a positive trading update at its AGM today. Monash said the four months to October 2016 had seen a return to long-term market trend growth rates for its IVF services, which likely bodes well for Virtus also.
South32 Ltd's (ASX: S32) share price is up 2.1% to $1.21 as bargain hunters bet the metals and mining company may offer some long-term value in its coal, silver, nickel and aluminium mining operations. If you feel the commodity cycle has bottomed then South 32 is probably a buy, however, it remains a risky play as global demand for its core products remains volatile.
