The Motley Fool

Why these 4 ASX shares have stormed higher

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) hasn’t been able to build on yesterday’s strong gain. In afternoon trade the benchmark index is down 0.1% to 5,776 points.

Four shares which have gone against the grain today and posted gains are listed below. Here’s why they have stormed higher:

The Flight Centre Travel Group Ltd (ASX: FLT) share price has jumped 10.5% to $44.19 after the travel agent updated the market on its full-year guidance. A boost to ticket prices and an improved performance from its international businesses means that management expects to achieve an underlying profit before tax between $325 million to $330 million this year.

The GetSwift Ltd (ASX: GSW) share price has surged 9% higher to 92.5 cents after the logistics management platform provider announced that it has surpassed two million deliveries. The first million took 17 months, whereas the growing popularity of its platform meant the second million took just five months. I believe this goes some way to justifying my view that GetSwift is one of the most exciting small-cap shares on the Australian share market.

The Hub24 Ltd (ASX: HUB) share price has climbed 6% to $6.73 after the financial services company announced record fourth-quarter inflows. According to today’s release, HUB24 experienced quarterly net inflows of $841 million during the quarter. Retail funds under administration are now $5.5 billion, up 66% for the year. It will come as no surprise to learn that Hub24’s shares are trading at an all-time high as a result.

The Liquefied Natural Gas Ltd (ASX: LNG) share price is up a massive 29% to 72.2 cents after the liquefied natural gas developer announced that its Magnolia LNG business has secured $1.5 billion commitment from Stonepeak Partners. This agreement is expected to fund the project’s full equity requirement. I believe Liquefied Natural Gas could be worth a closer look following today’s news.

These 3 stocks could be the next big movers in 2020

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

In this FREE STOCK REPORT, Scott just revealed what he believes are the 3 ASX stocks for the post COVID world that investors should buy right now while they still can. These stocks are trading at dirt-cheap prices and Scott thinks these could really go gangbusters as we move into ‘the new normal’.

*Returns as of 6/8/2020

Motley Fool contributor James Mickleboro owns shares of GetSwift Ltd. The Motley Fool Australia owns shares of Flight Centre Travel 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.

Related Articles...

Latest posts by James Mickleboro (see all)