Why these 4 ASX shares are climbing higher today

In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course to finish the day notably higher. At the time of writing the benchmark index is up a solid 0.7% to 5,860.9 points.

Four shares that have climbed more than most today are listed below. Here’s why they are climbing higher:

The Bellamy’s Australia Ltd (ASX: BAL) share price is up 6% to $8.23 despite there being no news out of the organic infant formula company. But with its shares down heavily over the last few weeks, I wouldn’t be surprised if bargain hunters are swooping in today. I think Bellamy’s Australia is a great long-term investment option, though it may remain volatile in the short term.

The BWX Ltd (ASX: BWX) share price has pushed 5.5% higher to $2.72. Much like Bellamy’s Australia, BWX’s shares have fallen significantly over the last few weeks. This has been caused by a disappointing trading update and guidance for the year ahead. While I do think that its shares look to be good value now, I would suggest investors wait for its half year results before deciding.

The CSR Limited (ASX: CSR) share price has pushed 4% higher to $3.34. Today’s gain is likely to be attributable to a broker note out of Deutsche Bank this morning. That note revealed that the broker has upgraded the building supplies company’s shares to a buy rating with a $3.70 price target. The move was made largely on valuation grounds. CSR’s shares are trading at a meaningful discount to its peers.

The Incitec Pivot Ltd (ASX: IPL) share price is up 4.5% to $4.20. A positive broker note out of Credit Suisse appears to have been the catalyst to this share price gain. A note out of the investment bank reveals that its analysts have upgraded Incitec Pivot’s shares to an outperform rating with an increased price target of $4.33 ahead of its full year results next week.

Missed these gains? Then don't miss these hot stocks that have been tipped as potential market-beaters.

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 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.

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.