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Why these 4 ASX shares are SMASHING it today

It has been a bit of a mixed day for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO). In afternoon trade the index is off its lows, but still around 0.1% lower at 5,556 points.

That hasn’t stopped four shares in particular from climbing higher. Here’s why they are smashing it today:

Aconex Ltd (ASX: ACX) shares have climbed over 3% to $4.49 following an announcement that the software company has signed a new three-year enterprise agreement with Fletcher Building Limited (Australia) (ASX: FBU). Under the new agreement Aconex will also help Fletcher Infrastructure manage project information and processes for government and infrastructure developments.

Freelancer Ltd (ASX: FLN) shares are up 3.5% to $1.04 after the owner and operator of the world’s largest freelance marketplace announced the acquisition of two of its smaller rivals Nubelo and Prolancer. Management expects the deals to cement its position as the market-leader in the Latin American, Spanish, and Portuguese markets. At the current price I like the look of Freelancer as a buy and hold investment.

Lovisa Holdings Ltd (ASX: LOV) shares have surged 13% higher to $3.91 after the retailer’s trading update revealed that business has been booming since its last update at its annual general meeting. Impressively same store sales growth so far in FY 2017 is in excess of 10%. As a result the company now expects half-year earnings before interest and tax to be in the range of $26 million to $28 million, compared to $17.9 million in the first half of FY 2016.

Super Retail Group Ltd (ASX: SUL) shares are higher by 3% to $9.51 despite there being no news out of the retailer. The company behind Amart Sports, BCF, and Supercheap Auto saw its share price take a dive last month following a mixed trading update at the end of October. But at under 15x estimated FY 2017’s earnings and providing a fully franked 4.8% dividend, some investors appear to believe it is great value now.

If you missed out on gains today don't worry. The smart money is on these hot stocks being big winners in 2017. Is yours?

Big, Fat, Dividends

This company's dividend is almost the stuff of legends. Its reliable cash flows support a high payout ratio, and the company's stash of franking credits are the cherry on the top of the dividend cake. Based on the last 12-months of dividends, shares are offering a fully-franked 6.5% yield, which grosses up to a whopping 9.3%, when those franking credits are included.

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Motley Fool contributor James Mickleboro has no position in any stocks mentioned. The Motley Fool Australia owns shares of ACONEX FPO. 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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