Why these 5 ASX shares have surged higher today

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has recovered well from a very poor start and in afternoon trade sits higher by 0.4% to 5,864 points.

Five shares which have made notably strong gains today are listed below. Here’s why they have surged higher:

The Afterpay Holdings Ltd (ASX: AFY) share price is up 3.5% to $2.63 after the payments company announced that a number of retail brands owned and operated by Premier Investments Limited (ASX: PMV) had signed up to use its services. I believe this is a big win for the company and cements its position as the leader in the buy now, pay later space.

The Bendigo and Adelaide Bank Ltd (ASX: BEN) share price is up 4.5% to $12.34 today. The market appears to believe that the latest Budget has been a big win for the regional banks at the expense of the Big Four banks. The Bank of Queensland Limited (ASX: BOQ) share price is also up sharply on the news.

The Cimic Group Ltd (ASX: CIM) share price has jumped 4% to a new 52-week high of $40.28 today. The leading construction company’s shares were given a lift this morning after it announced that its UGL business had been awarded a $117 million contract to design and build two new solar farms.

The Cleanaway Waste Management Ltd (ASX: CWY) share price has climbed 5.5% to $1.38 despite there being no news out of the waste management company. Today’s gain means that its shares have now rocketed over 68% since this time last year following an impressive turnaround after a couple of years of struggles.

Missed out on gains today? Don't worry. I'm tipping these stunning shares for big things this year.

Top 3 ASX Blue Chips To Buy In 2017

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

But knowing which blue chips to buy, and when, can 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.

The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Premier Investments Limited. 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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