The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course to finish the week with a day in the red. In afternoon trade the benchmark index is down 0.1% to 6,288.2 points.
Four shares that have defied the market and pushed higher today are listed below. Here's why they are ending the week with a bang:
The Alliance Aviation Services Ltd (ASX: AQZ) share price has continued its strong run and jumped a further 8% to $2.26. A strong result from the aviation services company yesterday caught the eye of analysts at Credit Suisse. This morning the broker retained its outperform rating and lifted the price target on its shares from $2.20 to $2.45.
The Baby Bunting Group Ltd (ASX: BBN) share price has rocketed a massive 31% to $2.28 after the baby products retailer released its full-year results. Although the company reported a significant drop in profits due to the negative impact of clearance sales from closing competitors, it has had a stunning start to FY 2019. As a result, management has provided EBITDA growth guidance of up to 45% this year.
The JB Hi-Fi Limited (ASX: JBH) share price has risen almost 4% higher to $23.66 despite there being no news out of the struggling retailer. On Monday JB Hi-Fi will release its full-year results, which could mean that some short sellers are closing positions today and buying back shares in case the company surprises. I would stay clear of JB Hi-Fi today and wait to see how it performed in the second half.
The REA Group Limited (ASX: REA) share price has climbed 3% to $84.89 following the release of its full-year results. The online property listings company reported a net profit of $279.9 million on revenue of $807.7 million for the 12 months ending June 30. REA Group's earnings and revenue were up an impressive 23% and 20% respectively on the prior year.
