Why Lynas Corporation Ltd (ASX:LYC) is among 4 shares soaring today

The S&P /ASX 200 (ASX: XJO) is trading flat in lunchtime trade today after Wall Street shares dropped last Friday night and investors wait for economic data later this week that is likely to provide the market more guidance. However, there are a few shares breaking higher for differing reasons, so let’s take a look at what might be behind the price action.

The Vocus Group Ltd (ASX; VOC) share price is up 3.8% to $3.56 today as investors bet the internet services business may become a turnaround story. On the one hand, Vocus still carries more than a $1 billion in debt and faces continued margin erosion from the transition to the national broadband network. However, it still has a strong dark fibre business and has recently won a couple of new contracts to build international submarine cables, following on from its completion of the major Australia Singapore Cable project.

The Bapcor Ltd (ASX: BAP) share price is up 2% to $7.12 despite the automotive repairs and second-hand parts auto business releasing no specific news to the market. The company behind the Burson brand posted a net profit of $86.5 million on revenue of $1,237 million for for the year ending June 30, 2018. The profit from continuing operations and revenue were up 32% and 22% on the prior year. The group also has plans to expand into Thailand, which is a fast-growing region.

The Lynas Corporation Ltd (ASX: LYC) share price rocketed nearly 10% to $2.40 after news reports in the Fairfax media that a public hearing in Malaysia held yesterday passed off without in any material damage to the company’s reputation. In fact the Fairfax press reported that government analysts and environmental compliance specialists actually gave the rare earths miner a good rap. If Lynas successfully navigates the rest of the hearing shares could be well supported.

The Ltd (ASX: KGN) share price climbed 3.7% to $2.82 today despite the online retailer releasing no specific news to the market. Kogan’s share price has been volatile at the best of times, but it has been especially rocky since its CEO warned on October 29 that its sales were being dented by overseas competitors in the Australian market who weren’t paying GST.

The Disruptors: 3 Revolutionary Aussie Companies to Back for 2018

We’re living in one of the most exciting times in investing history. Innovation and a booming culture of entrepreneurship are constantly creating new companies with the potential to make forward-thinking investors very rich. Now more than ever, one small, smart investment could make a huge difference to your wealth.

That’s why at The Motley Fool we’ve been scrutinizing the ASX to uncover the kinds of companies that we believe could turn into the next Atlassian.

We’ve found three exciting companies that we believe re poised to perform in the new year. Click here to uncover these ideas!

Motley Fool contributor Yulia Mosaleva has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Bapcor. The Motley Fool Australia has recommended ltd and Vocus Communications 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…


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!