Motley Fool Australia

Why these 4 shares are going nuts today

rocket lift off

The S&P/ASX 200 (Index: ^AXJO) (ASX:XJO) has staged a nice rebound today, rising 0.3% to 5,742 points.

The energy and financial sectors have been the clear outperformers today, with many of the biggest losers coming from the gold sector.

A number of shares have performed particularly strongly today, including:

Vita Group Limited (ASX: VTG)

The Vita Group share price has surged more than 7.7% today after the telecommunications retailer posted a 10% increase in first-half earnings. Perhaps more pleasing for investors was the 60% increase in the interim dividend to 9.2 cents per share. Despite the positive result, Vita Group has flagged that profit growth could slow in the second half as a result of recent contract negotiations with Telstra Corporation Ltd (ASX: TLS).

Worleyparsons Limited (ASX: WOR)

The Worleyparsons share price has jumped more than 30% today after the energy services company revealed it had received a $11.80 per share takeover bid last November. The offer came from Dubai-based engineering firm, Dar Group, but was rejected on the basis that it materially undervalued the company. Dar Group has since purchased a large stake in Worleyparsons and now is the company’s biggest shareholder with a 13.35% interest in the company.

Costa Group Holdings Ltd (ASX: CGC)

The Costa Group share price has climbed another 4% today as investors continue to cheer the company’s better-than-expected first-half result. Not only did the agricultural company deliver a 35% increase in first-half underlying net profit after tax (NPAT), it also upgraded its FY17 NPAT guidance from growth of at least 15%, to growth of approximately 25%. The shares have now gained around 16% over the last four trading sessions and are now trading at an all-time record high of $4.10.

Catapult Group International Ltd (ASX: CAT)

The Catapult share price has surged more than 7.6% today, despite the sports technology company announcing a first-half underlying NPAT loss of $2.24 million. It appears the market has shrugged off the disappointing bottom-line result and is instead focusing on the surge in top-line sales figures. Investors will have also been pleased with Catapult re-affirming its FY17 guidance for revenue of between $61 million to $65.5 million. Despite today’s gains, the shares have still fallen around 43% over the past six months.

Where to 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 more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

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

*Returns as of June 30th

Motley Fool contributor Christopher Georges has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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.

Related Articles…

Latest posts by Christopher Georges (see all)