MENU

Why these 4 ASX shares are ending the week on a high

In afternoon trade the benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course to have a strong finish to the week. At the time of writing the index is up 0.3% to 5,927.2 points.

Four shares that are climbing more than most today are listed below. Here’s why they are ending the week on a high:

The iSelect Ltd (ASX: ISU) share price has rebounded slightly and pushed 6% higher to 50 cents today. The price comparison company’s shares have been crushed this week after a trading update revealed a sizeable revision to its full-year earnings guidance. However, news that one of its directors has been buying shares on-market appears to have helped with investor sentiment.

The Nanosonics Ltd. (ASX: NAN) share price has stormed 10.5% higher to $2.50 after the infection control specialist revealed that its second generation trophon platform device has been granted clearance by the FDA. If all goes to plan, management expects the commercial release of the new trophon2 product in the USA will take place during the first quarter of the 2019 financial year. Nanosonics has been experiencing high levels of short interest lately, which I suspect could have led to a short squeeze today.

The Nextdc Ltd (ASX: NXT) share price is up over 2% to $6.79. The data centre operator’s shares were given a boost today after global tech giants Amazon and Microsoft both reported surging revenues from their cloud hosting businesses. This could be interpreted as a sign that demand for NEXTDC’s services is also booming. As I said earlier, I think it would be a great buy and hold investment option.

The ResMed Inc. (ASX: RMD) share price has climbed 2.5% higher to $12.97 after the release of its third-quarter results. According to the release, the sleep treatment company delivered an adjusted profit of US$132.5 million on revenues of US$591.6 million for the quarter ending March 31 2018. This was an increase of 32% and 15%, respectively, on the prior corresponding period. Like NEXTDC, I think ResMed would be another quality buy and hold investment.

Missed these gains? Then don't miss out on these top blue chip shares.

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.

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Teresa Kersten is an employee of LinkedIn and is a member of The Motley Fool’s board of directors. LinkedIn is owned by Microsoft. James Mickleboro owns shares of NEXTDC Limited. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and recommends Amazon. The Motley Fool Australia owns shares of and has recommended Nanosonics Limited. The Motley Fool Australia has recommended Amazon and ResMed Inc. 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 Scott Phillips.

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.