Here’s why these 4 ASX shares smashed the market today

Is this just the beginning for Bellamy’s Australia Ltd (ASX:BAL), Costa Group Holdings Ltd (ASX:CGC), and Blackmores Limited (ASX:BKL)?

| More on:
a woman

Happy Monday, Foolish readers – the last one before Christmas and a well deserved break for many of you. However, the market marches on regardless, and as ever we’ll continue to see some big price movements, holiday season or not.

The S&P/ASX 200 (INDEXASX: ^AXJO)(ASX: XJO) traded broadly flat today, losing 0.1% to 5097 points, but these four stocks managed to significantly outperform:

Bellamy’s Australia Ltd (ASX: BAL) shares continue to be in high demand, rising 5.4% to $13.72 and setting a new 52-week high. Up 734% in a single year, they must surely be close to setting some kind of record. By contrast, CSL Limited (ASX: CSL) – one of the ASX’s most outstanding companies – has grown 650% in the past ten years.

Bellamy’s has enormous potential to grow its revenue over the next few years thanks to the size of the Chinese market. Competition is building however, and it’s difficult to see value at today’s prices.

1-Page Ltd (ASX: 1PG) rose 12.6% to $2.67 today, reversing a long decline that saw the stock lose roughly half of its value from heights of $5 in October. Although there was no company-specific news, it’s possible that investors saw opportunity in the falls and are loading up on shares in the hope of 1-Page gaining more contracts and growing revenues in the future.

Although 1-Page remains highly speculative, the company is definitely heading in the right direction and could be an opportunity today.

Shares of Costa Group Holdings Ltd (ASX: CGC) lifted 8% to $2.67 on no company-specific news, although a non-market sensitive update revealed that UBS Group AG took a 5.28% stake in the company in recent days.

Costa is a fairly successful recent IPO, having risen 10% since debut, although as an agricultural business investors will want to demand an extra margin of safety especially since the underlying farmland is held by the Costa family and not the ASX company.

Blackmores Limited (ASX: BKL) gained 4% to $212 as interest builds in its dairy partnership with Bega Cheese Ltd (ASX: BGA) and its ongoing rapid growth in vitamin sales to Chinese consumers. This is a development I think Bellamy’s shareholders will want to watch closely, as Blackmores has a great brand presence in China and its vitamin products are often in as much demand as Bellamy’s baby formula – which is to say, they’re usually sold out.

However it turns out, Blackmores could well rise higher in the near future.

Wondering where you should 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 over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

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

*Returns as of January 12th 2022

Motley Fool contributor Sean O'Neill has no position in any stocks mentioned. 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 owns shares of Bellamy's Australia. 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.

More on ⏸️ Investing

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest
ETFs

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

asx share price competitions represented by businessmen arm wrestling
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »

person reading news on mobile phone
⏸️ Investing

Why Fox (NASDAQ:FOX) might hurt News Corp (ASX:NWS) shareholders

News Corporation (ASX: NWS) might be facing some existential threats from its American cousins over the riots on 6 January

Read more »