Here’s why these 4 shares smashed the market today

It was another down day for the All Ordinaries (INDEXASX: ^AXAO)(ASX: XAO) today, with the market losing 1.1% to 4,900 points.

A sharp retreat in Asian stocks appears to be behind the fall, with the Hang Seng falling 3.7%, while Australian consumer confidence also came in sharply negative in January. These four stocks managed to buck the trend however, and here’s why:

Capitol Health Ltd (ASX: CAJ) soared 17% to $0.20 in what looks like the arrival of bargain hunters, after shares hit a 52-week low of 17 cents at the close yesterday afternoon. Despite today’s rise, Capitol shares are still down some 79% for the year as investors grew pessimistic about a partnership with Enlitic in data-driven healthcare, as well as government changes to rebates for diagnostic imaging.

Capitol expects to see a 5%-7% decline in revenue as a result of the government’s changes, although the company is seeking further clarification.

Nextdc Ltd (ASX: NXT) rose 3% to $2.45 on no news as investor uncertainty about the company’s true valuation continues. With rapid growth and high utilisation of its existing data centres, plans to establish more data centres, and new products coming to market, Nextdc continues to evolve rapidly.

The company was unprofitable at its last annual report, although that could be set to change with substantial increases in Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) forecast for the current year.

Altium Limited (ASX: ALU) shares gained 4% to $4.60, taking their yearly rise to 60% on the back of acquisitions and a strong set of full-year results. Shares have fallen recently from a high of $5 in November, and the fall likely enticed a number of buyers back into the market. On a more macro level, Altium is aiming to hit $100m in revenue in 2017 (up from $80m currently), which could represent a nice upside for today’s buyers if this target is achieved.

Credit Corp Group Limited (ASX: CCP) lifted 3.6% to $9.86 in trade today. Currently offering a 4.7%, fully franked dividend yield and trading on a Price to Earnings (P/E) ratio of 12, Credit Corp has plenty to interest the bargain hunters – especially when a 30% fall from August’s highs is taken into account.

Credit Corp also recently announced a modest upgrade to its debt purchasing program, which could have favourable follow-on impacts to earnings in subsequent years.

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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 Altium. 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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