Why these 4 shares are jumping higher today

The Qantas Airways Limited (ASX:QAN) share price is storming higher today.

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

After a strong day yesterday, it appears investors are feeling a little more cautious today with the S&P/ASX 200 (Index: ^AXJO) (ASX:XJO) trading broadly flat at lunchtime.

The gold, healthcare, and industrials sectors are posting fairly healthy gains, while the energy, telecommunications and consumer staples sectors are weighing the market down.

Four shares that have managed to rise strongly today, include:

Blackmores Limited (ASX: BKL)

Despite starting the session on the back foot, the Blackmores share price has rallied more than 5% today following the release of its third quarter results.  Although the headline numbers were less than inspiring, it appears some investors are pleased with the progress the company is making in China. The vitamin maker's 'in-country' and export sales to China increased to $92 million in the first nine months, up 60% from this time last year.

Clean TeQ Holdings Limited (ASX: CLQ)

The Clean TeQ share price has spiked more than 14% today after the cobalt miner released a positive quarterly activities report. The company made a number of key appointments during the quarter and also said that its Syerston Nickel/Cobalt feasibility study was progressing as planned. Interestingly, management also commented on the recent slide in the share price, noting that it is "not aware of any issues that explain the recent trading activity".

Northern Star Resources Ltd (ASX: NST)

The Northern Star Resources share price has climbed more than 5.2% today after the gold miner released another outstanding quarterly activities report. The company mined more than 132,000 ounces of gold in the quarter and remains well on track to meet its FY17 production targets. Pleasingly, production costs also fell during the quarter to just $988/ounce. Northern Star finished the quarter with no bank debt and $393 million in cash and investments.

Qantas Airways Limited (ASX: QAN)

The Qantas share price has soared nearly 4.5% today after analysts suggested the airline has room for $500 million a year in share-buy backs over the next three years. This could potentially increase its earnings per share by 32% and would be more prudent than paying dividends to shareholders since Qantas won't have franking credits until FY19. The shares are also getting a nice boost today thanks to the overnight drop in crude oil prices.

Motley Fool contributor Christopher Georges owns shares of Blackmores Limited. 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.

More on ⏸️ Investing

A white and black robot in the form of a human being stands in front of a green graphic holding a laptop and discussing robotics and automation ASX shares
Technology Shares

Joining the revolution: How I'd invest in ASX AI shares right now

Advances in artificial intelligence (AI) could usher in a new industrial revolution. Here’s how you can invest in it.

Read more »

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

Two people in suits arm wrestle on a black and white chess board.
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »