It has been a bit of a mixed day for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO). In afternoon trade the benchmark index is just managing to keep its head above water and is up a fraction to 5,739 points.
Four shares that haven't let that hold them back are listed below. Here's why they are posting strong gains today:
The a2 Milk Company Ltd (Australia) (ASX: A2M) share price has continued its strong run and is up a further 3% to $6.91. Investors have been fighting to get hold of shares ever since Goldman Sachs upgraded its shares to a buy rating and slapped a $7.25 price target on them.
The Big Un Ltd (ASX: BIG) share price is up 5% to $1.82 after providing an update on its first-quarter performance. The video technology company expects to report first-quarter cash receipts of approximately $15 million, up a massive 488% on the prior corresponding period. I think Big Un could be one to watch very closely as it expands globally.
The Galaxy Resources Limited (ASX: GXY) share price has rebounded from yesterday's decline and is almost 4% higher at $3.15. Today's gain may be related to the lithium miner's presentation at the BMI Cathodes 2017 conference this morning. While I am very bullish on its long-term future, I would class its shares as a hold after their strong run.
The Praemium Ltd (ASX: PPS) share price is up 16.5% to 47.2 cents after the fintech company provided the market with an update on its first-quarter. Thanks to record quarterly inflows, Praemium has now surpassed $6.6 billion in funds under administration. I believe the move in the platform market to managed account technology and its market-leading position put it in a strong position to profit over the next few years.