It has been another disappointing day for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO). In early afternoon trade the benchmark index is down 0.2% to 5,959 points.
Four shares which haven’t let that hold them back are listed below. Here’s why they have posted solid gains today:
The Bapcor Ltd (ASX: BAP) share price is higher by 2% to $5.59. Today’s gain may be in relation to Amazon’s underwhelming launch on Tuesday. Several retail shares have been given a boost by its less than competitive pricing.
The Corporate Travel Management Ltd (ASX: CTD) share price has climbed almost 4% to $20.24 following the release of a positive broker note out of Morgans. The broker has upgraded the travel company’s shares to an add rating with a $23.00 price target following a recent sell-off. I would agree that the company is a great option right now.
The Family Zone Cyber Safety Ltd (ASX: FZO) share price is up almost 5% to 66 cents after it announced the raising of $5 million via an oversubscribed share placement at 60 cents per share. Management intends to use the funds to accelerate the cyber safety company’s growth. I think it will be one to watch in 2018.
The Nextdc Ltd (ASX: NXT) share price is up 2.5% to $5.74 despite there being no news out of the data centre operator. But considering its strong long-term growth prospects as a result of the rise of cloud computing, I can’t say I’m surprised to see its shares closing in on their all-time high.
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Motley Fool contributor James Mickleboro owns shares of NEXTDC Limited. The Motley Fool Australia owns shares of Bapcor 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.