The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course to finish the week with another day in the red. In afternoon trade the benchmark index is down 0.1% to 5,876.8 points.
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 A2 Milk Company Ltd (ASX: A2M) share price is up 6.5% to $8.89. The infant formula company’s shares have rebounded strongly from a heavy decline on Thursday caused by the market selloff and concerns over a crackdown on daigou shoppers in China. While Goldman Sachs believes this crackdown could be a headwind for sales in the near term, it expects the company to benefit in the longer term.
The Adairs Ltd (ASX: ADH) share price has pushed over 4% higher to $2.44 after the home furnishings retailer released a trading update ahead of its presentation at the Morgans Queensland conference. Adairs confirmed that it is on target to achieve its like for like sales growth targets with a 5.2% increase during the first 13 weeks of FY 2019. I think this update demonstrates why Adairs could be one of the best options in the retail sector right now.
The Afterpay Touch Group Ltd (ASX: APT) share price has risen 7% to $14.74. On Thursday the Afterpay Touch share price fell heavily during the market selloff. Some investors appear to believe that this is a buying opportunity. While I think this could be the case, I would only recommend buying shares if you are prepared to hold them for the long-term.
The Northern Star Resources Ltd (ASX: NST) share price has climbed 5.5% to $8.96. Australia’s leading gold miners have been pushing higher today after a solid rise in the spot gold price overnight. The precious metal rose strongly after the U.S. dollar weakened and demand for risk off assets increased.
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of A2 Milk and AFTERPAY T FPO. 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.