MENU

Why these 4 ASX shares are surging higher today

In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course to finish the day deep in the red. At the time of writing the index is down almost 0.8% to 5,857.2 points.

Four shares that have defied the market blues today are listed below. Here’s why they are surging higher:

The Bellamy’s Australia Ltd (ASX: BAL) share price is up 5% to $8.52. News that Woolworths Group Ltd (ASX: WOW) has had to put a limit on the amount of infant formula that shoppers can buy appears to have gone down well with investors. This appears to show that demand for Bellamy’s products remains strong in China. The market will potentially have this confirmed tomorrow at its AGM.

The Clean TeQ Holdings Limited (ASX: CLQ) share price is up 3.5% to 46 cents following the release of its quarterly update. The clean technology company reported $1.5 million in cash receipts during the quarter, but ultimately a cash outflow of $18.3 million. Luckily, the company still has a hefty cash balance of $134.3 million to support its plans.

The Flight Centre Travel Group Ltd (ASX: FLT) share price has bounced back from yesterday’s heavy decline with a 4% rise to $47.85. The travel agent’s shares were smashed on Monday after the poor performance of its Australian Leisure business was revealed. However, Morgan Stanley doesn’t appear concerned and upgraded its shares to an overweight rating with a $59.00 price target.

The Healthscope Ltd (ASX: HSO) share price has rocketed 20% higher to $2.14 after advising that it has received another takeover offer from the BGH – AustralianSuper consortium. The highly conditional proposal is a preliminary, non-binding indication of interest and specifies an indicative price of $2.36 cash per share. This values the private hospital operator at $4.1 billion and is the same as its previous proposal which was rejected by the company on May 22.

Missed these gains? Then don't miss out on these hot stocks that have been tipped for big things.

The 3 best growth shares to buy today

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked..

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool’s in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool’s Top 3 Blue Chip Stocks for 2018."

Each one pays a fully franked dividend. Each one has not only grown its profits, but has also grown its dividend. One increased it by a whopping 33%, while another trades on a grossed up (fully franked) dividend yield of almost 7%.

The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies moves – we may be forced to remove this report.

Click here to claim your free report.

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

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!