MENU

Why these 4 ASX shares are ending the week with a bang

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has climbed off its lows but is still down 0.1% to 6,051.7 points in afternoon trade.

Four shares that have not let that hold them back are listed below. Here’s why they are ending the week with a bang:

The Appen Ltd (ASX: APX) share price has pushed 3% higher to $11.60. This morning S&P Dow Jones Indices released the changes to its S&P/ASX indices that will be effective at the open of trading on June 18, 2018. These changes will see the artificial intelligence and machine learnings dataset provider’s shares added to the S&P/ASX 200 later this month. This could open up Appen to fund managers that have previously been unable to buy it due to trading restrictions.

The Bubs Australia Ltd (ASX: BUB) share price has climbed 5% to 84 cents after the goat milk infant formula company announced two positive developments. According to the release, the company has entered into a binding manufacturing agreement with Australia Deloraine Dairy and signed a merchant services agreement with Chinese e-commerce giant Alibaba. The manufacturing deal with Australia Deloraine Dairy allows Bubs to commence the application process for CFDA registration. If granted, the company will be able to sell its product in China.

The Nanosonics Ltd (ASX: NAN) share price has raced 5.5% higher to $3.06. At one stage the infection control specialist’s shares had risen to a 52-week high of $3.13. This has been quite a turnaround for Nanosonics. Just seven weeks ago its shares were as low as $2.26 and short interest had risen to high levels.

The Paragon Care Ltd (ASX: PGC) share price is out of its trading halt and up over 4% to 86 cents after announcing a major acquisition in New Zealand. Paragon Care has reached an agreement to acquire REM Systems for a net enterprise value of NZ$54.4 million. REM Systems is a specialised medical distribution company supplying acute care hospitals, day surgeries, allied health clinics, medical practices and veterinary clinics throughout New Zealand and Australia. The deal looks like a good one to me and is expected to be 10% accretive to earnings in FY 2019.

4 Stocks for Building Wealth After 50

Renowned investor Scott Phillips just released a brand-new report detailing his 4 favorite stocks to buy right now.

And I don't know about you, but I always pay attention when some of the best investors in the world give me a stock tip.

This is your chance to get in at the very beginning of what could prove to be very special investments.

Click here to get started today!

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Nanosonics Limited. The Motley Fool Australia owns shares of Appen Ltd. The Motley Fool Australia has recommended Paragon Care 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.

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.