Why these 4 ASX shares have jumped higher today

After a disappointing start to the day, the benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has clawed its way back into positive territory and is up 0.1% to 5,714 points in afternoon trade.

Four shares which have done a lot of the heavy lifting are listed below. Here’s why they jumped higher:

The G8 Education Ltd (ASX: GEM) share price has jumped 5% to $3.56 a day after the childcare operator held its annual general meeting. With many concerned that its occupancy levels could fall further, the lack of news in that regard yesterday appears to have been taken as a positive. Whilst I like G8 Education, it wouldn’t be my first pick in the industry.

The Insurance Australia Group Ltd (ASX: IAG) share price has climbed 3% to $6.41 despite there being no news out of the insurer. Today’s gain is likely to be attributable to a research note out of Credit Suisse which revealed that its analysts have upgraded the company’s shares to an outperform rating with a $6.90 price target.

The Resolute Mining Limited (ASX: RSG) share price is up 3.5% to $1.16. The majority of Australia’s gold miners have jumped higher today thanks to a rise in the gold price overnight. At present the spot gold price is fetching US$1,268 an ounce, up over 4% from its lowest level this month. But with the Fed expected to raise rates in the U.S. in a couple of weeks, these gains may be short-lived.

The Western Areas Ltd (ASX: WSA) share price has jumped almost 5% to $2.24 thanks to a rise in nickel prices. With its shares down sharply in the last few years, Western Areas could be a great option for investors looking for exposure to the resources sector if nickel prices continue to rise.

But if the resources sector is not for you, then these exciting blue-chip shares could be just what your portfolio needs to take it higher.

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 Insurance Australia Group 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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