The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is having a disappointing finish to the week. In afternoon trade the benchmark index is down over 0.3% to 5,965 points.
Four shares which haven’t let that hold them back are listed below. Here’s why they have finished the week with a bang:
The Aconex Ltd (ASX: ACX) share price has stormed 7% higher to $5.50 despite there being no news out of the software-as-a-service company. Investors appear to have been encouraged by its trading update and full-year guidance given earlier this month at its annual general meeting.
The Corporate Travel Management Ltd (ASX: CTD) share price has climbed 2.5% higher to $21.31. Today’s gain appears to be attributable to a broker note out of Bell Potter this morning. According to the note, the broker has upgraded the travel agent to a buy rating with a $24.20 price target.
The Mineral Resources Limited (ASX: MIN) share price has climbed a further 7% to $20.10. As I mentioned yesterday, the miner and mining services company has found favour with brokers following its recent update. This led Morgan Stanley to increase its price target on its shares to $22.30. I think Mineral Resources is the best way to gain exposure to the lithium boom at the moment.
The Virgin Australia Holdings Ltd (ASX: VAH) share price has continued its strong run and is up 4% to 27.5 cents. This brings the airline’s one-month return to an impressive 44%. Virgin Australia’s shares were given a boost recently when a leading fund manager talked up the company’s prospects.
Our experts here at The Motley Fool Australia have just released a fantastic report, detailing 5 dirt cheap shares that you can buy in 2020.
One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…
Another is a diversified conglomerate trading over 40% off its high, all while offering a fully franked dividend yield over 3%...
Plus 3 more cheap bets that could position you to profit over the next 12 months!
See for yourself now. Simply click here or the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of ACONEX FPO and Corporate Travel Management 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.