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

It has been a disappointing start to the week for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO). In early afternoon trade the benchmark index is down 0.55% to 5,698.8 points.

Four shares that have defied the market decline today and pushed higher are listed below. Here’s why they are starting the week with a bang:

The A2 Milk Company Ltd (ASX: A2M) share price is up 3% to $9.89 ahead of its annual general meeting in Melbourne tomorrow. It appears as though some investors are betting on the fast-growing infant formula and dairy company providing a strong trading update at its annual event.

The Cleanaway Waste Management Ltd (ASX: CWY) share price is up 6% to $1.85. The waste management company’s shares were given a boost today from a broker note out of Credit Suisse. According to the note, the broker has upgraded Cleanaway Waste Management’s shares to an outperform rating with an improved price target of $2.05. Its analysts are expecting a positive update at its investor day on Thursday.

The Domain Holdings Australia Ltd (ASX: DHG) share price has pushed almost 7% higher to $2.51. This weekend the former Domain CEO, Antony Catalano, tried to prevent the Fairfax Media Limited (ASX: FXJ) and Nine Entertainment Co Holdings Ltd (ASX: NEC) merger vote from going ahead as he believed it undervalued the Domain business. The vote went ahead regardless, with shareholders approving the merger.

The Orocobre Limited (ASX: ORE) share price has stormed 6.5% higher to $4.95 despite there being no news out of the lithium miner. Orocobre’s shares have been strong performers this month after investor sentiment in the industry improved. One catalyst for this could have been analysts at Citi slapping a buy rating and $6.00 price target on the company’s shares at the end of last month. This price target implies potential upside of 21% from the current share price.

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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. 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.

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