After a solid start to the day the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has faded and finds itself down 0.1% to 5,802 point in afternoon trade.
Not all shares have dropped lower today though. Four shares in particular have gone against the grain and posted strong gains today. Here's why:
The Adacel Technologies Limited (ASX: ADA) share price is higher by 5.5% to $2.33 following the release of an earnings guidance update. For FY 2017 the air traffic management company expects profit before tax to come in over 10% higher than in FY 2016, despite a forecast drop in first-half profit. I think this is a solid guidance from a great company and can't say I'm surprised to see its share price rally higher today.
The Domino's Pizza Enterprises Ltd. (ASX: DMP) share price has bounced back from yesterday's decline with a 4.5% jump to $56.16. The pizza chain's shares took an almighty hit yesterday after the market responded negatively to its half-year results. Although its shares are still reasonably expensive, they certainly look a lot more attractive than they did a few months ago.
The Sims Metal Management Ltd (ASX: SGM) share price is up 4.5% to $12.69 a day after the metals recycler announced its half-year results. Today's gain is likely to be attributable to a research note out of Macquarie which reveals that its equities team have upgraded its shares to an outperform rating with a $13.60 price target.
The Whitehaven Coal Ltd (ASX: WHC) share price has rocketed 6% to $2.95 despite there being no news out of the coal miner. Today's gain could be in relation to reports from Bloomberg that Chinese authorities plan to curb coal output next month. With spot prices dropping sharply this year, this could be a big boost for the miner.
