MENU

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

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.

7 of 8 People Are Clueless About This Trillion-Dollar Market

One of our investors has recently returned from a research trip to Silicon Valley... and has a warning for fellow investors:

Because he works for an organization dedicated to spreading great investing ideas, his video report is free today... so you can see it and decide for yourself.

Don't miss your chance click here to learn about this warning and how you might be able to profit!

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended REA Group 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.