MENU

Why these 4 ASX shares are climbing higher today

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has followed the lead of international markets and is down a disappointing 0.5% to 6,154.4 points in afternoon trade.

Four shares that have defied the market and pushed higher today are listed below. Here’s why they are climbing higher:

The BWX Ltd (ASX: BWX) share price has climbed 5% higher to $4.20 a day after Bain Capital advised that it would not be going ahead with its $6.60 takeover offer after 12 weeks of due diligence. Investors appear to believe that the personal care products company’s shares have fallen to a level that represents a good risk/reward. While I would prefer to see an improvement in its performance before buying, its shares are tempting at these levels.

The Kathmandu Holdings Ltd (ASX: KMD) share price is up 3.5% to $2.96 following the release of its full year results. At one stage the outdoor retailer’s shares were up as much as 11% before they gave back gains. In FY 2018 Kathmandu posted an 11.7% lift in sales to NZ$497.4 million and a 32% increase in net profit after tax to NZ$50.5 million. I think its shares look good value even after today’s gain.

The Regis Healthcare Ltd (ASX: REG) share price has rebounded from yesterday selloff with a 4% increase to $3.12. The aged care operator’s shares had bounced back by as much as 9% in morning trade. I suspect some investors felt that Regis’ shares had drifted into bargain territory after sinking following the announcement of a Royal Commission into the sector. I would stay clear of the sector until after the Commission.

The Updater Inc (ASX: UPD) share price has continued its solid run and is up a further 3% to $1.25. The relocation platform provider’s shares have rallied strongly in recent days following the release of a business update. According to that release, the Updater platform is expected to handle at least 3 million relocations this year in the United States, up almost 27% on 2017’s relocations.

Motley Fool Australia Issues Rare "Double Down" Buy Alert

Scott Phillips has stumbled upon a little-owned stock he believes could be one of the greatest discoveries of his 25 years as a professional investor.

 

This is your chance to get in early on of what could prove to be a very special investment recommendation. Think about how many investing trends you've missed out on, even though you knew they were going to be big. Don't let that happen again. This is your chance to get in early.

Simply click here to get started and access our secure sign-up page.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended BWX 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.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!