MENU

Why these 3 ASX shares have gone gangbusters this year

Although recent volatility means that the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has managed a gain of just 1.2% so far in 2017, not all shares have performed so poorly.

In fact, a few shares have not just beaten the market, but gone absolutely gangbusters this year.

Three shares that have done this are listed below. Is it too late to invest?

The Costa Group Holdings Ltd (ASX: CGC) share price has gained 41% since the start of the year thanks largely to an impressive first-half result from Australia’s leading grower, packer, and marketer of fresh fruit and vegetables. Due to a combination of favourable pricing, strong demand, and the benefits from the Avocado Ridge acquisition, management upgraded its full-year profit growth guidance to between 15% to 25%. But with its shares now trading at 32x trailing earnings, I think they are fully valued now.

The Qantas Airways Limited (ASX: QAN) share price has gained a remarkable 73% year-to-date. Low oil prices, significant cost savings, and bullish broker notes have all played a key role in driving the airline’s shares higher this year. If oil prices stay favourable for a little while longer I feel there could still be reasonable upside for its share price. But it may be prudent to wait for next week’s full-year result before making an investment.

The Swift Networks Group Ltd (ASX: SW1) share price has rocketed a massive 89% since the turn of the year. With the company on course to swing from a $1.5 million EBITDA loss in FY 2016 to a $1 million profit in FY 2017, I can’t say I’m overly surprised by the rise in its shares this year. The good news is that with demand for the telecommunications and digital entertainment company’s services growing strongly in the resources and aged care sectors, I expect the company will build on this strong profit result in FY 2018.

Missed out on these gains? Don't worry, I'm tipping these hot stocks to smash the market in FY 2018.

Top 3 ASX Blue Chips To Buy In 2017

For many, blue chip stocks mean 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%.

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 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.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.