Why these 4 ASX shares are pushing higher today

It has been another disappointing day of trade for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO). In afternoon trade the index is a sea of red and down 0.8% to 5,650.5 points.

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

The A2 Milk Company Ltd (ASX: A2M) share price is up over 1.5% to $9.96 after the infant formula and dairy company released a trading update ahead of its annual general meeting. Management revealed that the first four months of trade has seen revenue increase 40.5% to NZ$368.4 million and net profit after tax rise an impressive 64.5% to NZ$86 million. Although it expects this to growth moderate slightly, it remains confident of a strong full year result.

The ALS Ltd (ASX: ALQ) share price is up 3% to $8.19 after the testing solutions company released its half year results. Thanks to solid growth across all its business, ALS delivered a 15.2% increase in half year revenue to $826.1 million and a 29.8% lift in first half underlying net profit after tax to $93.3 million.

The Pro Medicus Limited (ASX: PME) share price has risen 6% to $9.73 after the health imaging company announced a A$27 million, 7-year contract with Partners Healthcare. According to the release, the contract is based on a transaction licensing model and will see its Visage 7 technology implemented at Partners’ two flagship hospitals, eliminating their legacy PACS. Management advised that the deal also includes scope to expand to other Partners network hospitals at a later date.

The Saracen Mineral Holdings Limited (ASX: SAR) share price has stormed 4.5% higher to $2.63. Almost all of Australia’s leading gold miners are pushing higher today after investors fled to safe haven assets. This has led to the S&P/ASX All Ords Gold index rising 0.9% so far today. Saracen’s shares hit a 52-week high of $2.66 in earlier trade.

Missed these gains? Then don't miss these hot stocks which could be the next ones to storm higher.

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.

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. recommends Pro Medicus Ltd. The Motley Fool Australia owns shares of and has recommended Pro Medicus Ltd. 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.

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!