MENU

Why these 4 ASX shares jumped higher today

In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has sunk lower for a second day in a row. At the time of writing the index is down a disappointing 0.5% to 6,063 points.

Four shares that have defied the market today are listed below. Here’s why they jumped higher:

The Adairs Ltd (ASX: ADH) share price has climbed 8% to $2.27 thanks partly to the release of a positive broker note out of Goldman Sachs. The broker appears to have been impressed with the company’s recent trading update and accompanying full-year guidance increase. However, it is worth noting that its price target of $2.25 has now been breached.

The JB Hi-Fi Limited (ASX: JBH) share price is up almost 5% to $28.09 after being upgraded to an overweight rating by analysts at Morgan Stanley. The broker has added the retailer into its model portfolio and slapped a $32.00 price target on its shares due to its potential to surprise to the upside following a better than feared Christmas trading period.

The Nearmap Ltd (ASX: NEA) share price has climbed 7% to 70.2 cents following the release of its half-year update. According to the release, group annualised contract value grew 31% to $54.2 million. The aerial imagery company did, however, burn through a significant amount of cash during the half. If it continues to burn through its cash the same way over the next 12 months, it may have to tap the market for more.

The Super Retail Group Ltd (ASX: SUL) share price is 3.5% higher to $8.76. Today’s gain is likely to be down to strong retail sales data released by the Australian Bureau of Statistics this morning. According to the data, Australian retail sales increased 1.2% month-on-month in November. The iPhone X release is believed to have been a catalyst for this increase.

Missed these gains? Then don't miss out on these growth shares that I'm tipping to shine in 2018.

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 owns shares of and has recommended Nearmap Ltd. The Motley Fool Australia owns shares of Super Retail Group 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.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!