Why these 4 ASX shares have jumped higher today

In afternoon trade the benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is down a disappointing 1% to 5,791 points.

But not all shares have fallen lower today. In fact, four shares in particular have made notably strong gains. Here’s why:

The a2 Milk Company Ltd (Australia) (ASX: A2M) share price is up 3% to $3.31 on no news. But with the dairy company’s shares down sharply in the last week on the back of insider selling, it appears some investors feel it has fallen into bargain territory now. I would agree, I think a2 Milk could be one of the best buy and hold investment options on the market right now.

The Freelancer Ltd (ASX: FLN) share price has continued its strong run and climbed almost 6% to 89.5 cents. This latest gain means that the online outsourcing marketplace and escrow payment services provider’s shares have now gained over 17% since this time last week. A positive broker note appears to be the catalyst for this gain.

The Resolute Mining Limited (ASX: RSG) share price is up 5% to $1.22 today. The majority of Australia’s leading gold miners have jumped higher today after the spot gold price rose on U.S. dollar weakness and market jitters. Whilst I do like Resolute, I’m reasonably bearish on the gold price at present so it’s not an industry I would be investing in.

The Vocus Group Ltd (ASX: VOC) share price has jumped 5% to $2.46 despite there being no news out of the growing telco company. Today’s share price action is likely to relate to reports in the Australian Financial Review which reveal that ousted founder and former CEO James Spenceley “has investment bankers from Lazard in his corner, as he talks to private equity and other potential strategic and capital partners for Vocus.”

Missed out on these gains? Don't worry, these hot stocks could be next in line for big gains in the future if you ask me.

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.

Motley Fool contributor James Mickleboro has no position in any stocks mentioned. The Motley Fool Australia owns shares of A2 Milk and Vocus Communications Limited. 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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