The benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has followed the lead of U.S. markets and dropped lower on Friday. In afternoon trade the index is down 0.4% to 5,990.1 points.
Four shares that have defied the market and pushed higher are listed below. Here’s why they are ending the week with a bang:
The Donaco International Ltd (ASX: DNA) share price has jumped almost 18% to 20 cents. This morning the casino and resort operator provided an update on the freezing order over its shares held by the Thai vendors of the Star Vegas casino business. Donaco advised that the Supreme Court of New South Wales has granted a further extension to the freezing order until 2 November 2018, when the matter is listed for further directions. The defendants own approximately 148 million shares in Donaco, representing approximately 17.9% of Donaco’s issued capital.
The Domino’s Pizza Enterprises Ltd (ASX: DMP) share price has surged 5.5% higher to $51.89 after the release of a positive broker note out of Macquarie. According to the note, the broker has upgraded the pizza chain operator’s shares to an outperform rating from neutral with a $55.00 price target. Its analysts appear more optimistic on the company’s chances of achieving its full-year guidance.
The iSelect Ltd (ASX: ISU) share price has rocketed 31% higher to 82 cents after the price comparison company admitted that it has received several takeover or merger approaches. One party that is rumoured to be interested is IHA Group which has built up a 12.2% interest in the company over the last six weeks. IHA Group is associated with rival comparison company Compare the Market. The board are looking through the approaches and will update the market accordingly.
The Livetiles Ltd (ASX: LVT) share price has stormed 7.5% to 43.5 cents after the technology company provided an update on its LiveTiles Bots products. According to the results, LiveTiles Bots customer acquisition is surpassing early expectations with multiple customers secured via its joint campaign with Microsoft. The product has generated annualised recurring revenue of $0.8 million since 1 April 2018. A promising start but it is still early days.
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Domino's Pizza Enterprises 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 Scott Phillips.