These 3 ASX shares smashed the market in January

The benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) didn’t have a great start to the year and finished the month lower by about half a percent at 6,037 points.

Three shares in particular didn’t let this hold them back. Here’s why they smashed the market and posted strong gains in January:

The Auscann Group Holdings Ltd (ASX: AC8) share price finished the month with a gain of almost 104%. AusCann was given a major boost early on in the month when the Federal Government changed regulations to allow companies to export medicinal cannabis. Many believe that AusCann will be a big winner from the change due to its growing capabilities and strong ties with Canadian cannabis giant Canopy Growth Corp. I can’t say I’m surprised by this gain, AusCann is arguably the best-positioned medicinal cannabis company in Australia. Though it is early days.

The Bellamy’s Australia Ltd (ASX: BAL) share price ended January with a gain of 42%. On January 15 Bellamy’s surprised the market with yet another profit guidance upgrade, sending its share price surging higher. The infant formula company increased its revenue growth guidance from between 15% and 20% to an improved revised target of 30% to 35%. Furthermore, it increased its EBITDA margin guidance from the old target of 17% to 20% to the new range of 20% to 23%. I’ve been very impressed with the Bellamy’s turnaround and think it could still be a great investment option even after its strong run.

The Lovisa Holdings Ltd (ASX: LOV) share price climbed over 14% during January thanks to a positive trading update. That update revealed that first-half sales for the six months ended 31 December 2017 were up 18.8% on last year and up 7.4% on a comparable store basis. In light of this, the company expects first-half EBIT to be in the range of $34.5 million and $35 million. This will be a lift on the prior corresponding period of between 22% and 24%. Lovisa would arguably be my favourite retail share at the moment and one that I believe has significant growth potential. Especially if its expansion into the United States is a success.

Looking for February's market-beaters? These high-flying blue chip shares could be them.

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.

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…


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!