Why these 4 ASX shares have gone gangbusters today

After a strong start the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has faded in afternoon trade after an unexpected rise in unemployment. At the time of writing the benchmark index is flat at 5,776 points.

Despite the market fading, four shares in particular have managed to hold onto their strong gains today. Here’s why they’ve gone gangbusters:

The Creso Pharma Ltd (ASX: CPH) share price has rocketed 41% to 70.5 cents after the pot stock provided the market with an update. The release revealed that its subsidiary Hemp-Industries has received regulatory approval in the Czech Republic for a new range of THC-free products called diCBDium.

The Fortescue Metals Group Limited (ASX: FMG) share price has climbed again, this time by 3% to $6.73. The iron ore miner has now seen its share price rise by around 11% this week thanks to a rebound in iron ore prices and also a broker upgrade from RBC Capital. Whilst Fortescue is easily one of my favourite miners on the market, I am concerned that a sharp decline in iron ore prices could drag its shares lower over the next 12 months.

The Resolute Mining Limited (ASX: RSG) share price has jumped 10% to $1.49 thanks to a rebound in the gold price. Despite the Fed raising rates overnight the gold price has climbed higher to US$1,222 an ounce. After raising rates the Fed indicated that there would be two more rate rises this year. Many had expected the central bank to take a more aggressive stance.

The Syrah Resources Ltd (ASX: SYR) share price has surged almost 10% to $2.57 today despite there being no news out of the graphite miner. Today’s gain will no doubt be a welcome relief for shareholders. Thanks partly to the shock resignation of its CEO in October, Syrah’s share price has fallen 39% in the last six months. At the current share price Syrah does look reasonably attractive, especially if its Balama graphite project in Mozambique opens on schedule.

If you missed out on gains today don't worry. I think these three explosive growth shares could be just what you need to give your portfolio a big lift.

Top 3 ASX Blue Chips To Buy In 2017

For many, blue chip stocks means stability, profitability and regular dividends, often full franked..

But knowing which blue chips to buy, and when, can often be fraught with danger.

The Motley Fool's in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool's Top 3 Blue Chip Stocks for 2017."

Each one pays a fully franked dividend. Each one has not only grown its profits, but has also grown its dividend. One increased it by a whopping 33%, while another trades on a grossed up (fully franked) dividend yield of almost 7%.

If you're expecting to see the likes of Commonwealth Bank, Telstra and Wesfarmers shares on this list, you'll be sorely disappointed. Not only are their dividends growing at a snail's pace, their profits are under pressure too due to the increasing competitive environment.

The contrast to these "new breed" blue chips couldn't be greater... especially the very real prospect of significant share price gains, something that's looking less likely from the usual blue chip suspects.

The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand - and how quickly the share prices of these companies moves - we may be forced to remove this report.

Click here to claim your free report.

Motley Fool contributor James Mickleboro 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.

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