Why these 4 ASX shares have started the week with a bang

The benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has fought back from heavy early declines but is still 0.1% lower at 5,843.9 points in afternoon trade.

Four shares that have not let that hold them back are listed below. Here’s why they are starting the week with a bang:

The Greencross Limited (ASX: GXL) share price has zoomed 18% higher to $5.37 after the integrated pet care company confirmed that it has entered into a scheme implementation agreement with TPG Capital. The private equity group has offered $5.55 per share, less any dividends paid by the company between now and closing. Greencross intends to pay a fully franked dividend of up to $0.21 before the takeover is completed.

The Kidman Resources Ltd (ASX: KDR) share price is up a further 3.5% to $1.38. The lithium miner’s shares have been strong performers over the last few trading sessions thanks to news that it has signed an offtake agreement with Mitsui. This complements its existing offtake agreement with Tesla. In addition to this, investor sentiment in the industry appears to have improved after recent quarterly updates.

The Ltd (ASX: KGN) share price is up almost 3.5% to $2.80. The ecommerce company’s shares have been hammered over the last seven days after its trading update fell well short of expectations. Despite today’s gain, Kogan’s shares are still down 72% since peaking at $10.00 earlier this year. Some investors appear to believe this selloff has been overdone and are swooping in today.

The Xero Limited (ASX: XRO) share price has risen 2% to $41.74. The accounting software company’s shares were given a boost this morning by a broker note out of Ord Minnett. According to the note, the broker has upgraded Xero’s shares to a buy rating with a $48.00 price target ahead of its first half results release later this week.

Did you miss out on Monday's high flyers? Then don't miss out on these hot stocks that have been tipped for big things in 2019.

Top 3 ASX Blue Chips To Buy For 2019

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 2019."

Each one pays a fully franked dividend. 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 Greencross Limited. The Motley Fool Australia owns shares of Xero. The Motley Fool Australia has recommended ltd. 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…


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!