MENU

Why these 4 ASX shares climbed higher today

It has been a day to forget for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO). The benchmark index is down a sizeable 0.8% to 5,970 points in afternoon trade.

Four shares defying the market today are listed below. Here’s why they have climbed higher:

The Computershare Limited (ASX: CPU) share price has climbed almost 5% to $15.89 after upgrading its full-year guidance. Due to strong contributions from its Corporate Actions and Mortgage Services businesses, the company now expects Management earnings per share to increase by around 10% on FY 2017 in constant currency terms.

The Incitec Pivot Ltd (ASX: IPL) share price is up 7% to $4.01 following the release of its full-year results. Net profit after tax excluding one-off items increased 8% year-on-year to $318.7 million thanks to strong performances from its Industrial Chemicals and Explosives segments. A solid result, but its shares look a little expensive in my opinion.

The Orocobre Limited (ASX: ORE) share price has continued its ascent and climbed 5.5% to $6.22. This morning the lithium miner released its investor presentation ahead of the UBS Australasia Conference in Sydney. According to the presentation, management believes Orocobre’s shares are cheap in comparison to its lithium miner peers.

The Speedcast International Ltd (ASX: SDA) share price has surged 7% higher to $5.00. Today’s gain is likely to be attributable to a research note out of UBS this morning. According to the note, the broker has retained its buy rating on the satellite services provider and increased its price target to $5.20.

Missed these gains? Don't miss these top growth stocks before they lift off.

Top 3 ASX Blue Chips To Buy In 2018

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 2018."

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 of the 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.