The Motley Fool

Why these 4 ASX shares have climbed higher today

It has been another disappointing day for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO). In afternoon trade the benchmark index is down 1.1% to 5,611.4 points.

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

The Carsales.Com Ltd (ASX: CAR) share price has climbed 3% higher to $11.57. Today’s gain appears to be attributable to a broker note out of Ord Minnett this morning. According to the note, the broker has upgraded’s shares to a buy rating with a $14.84 price target. Its analysts believe that the car listing company’s core business remains strong and its long-term international opportunity is significant.

The Reject Shop Ltd (ASX: TRS) share price has surged 14.5% higher to $2.78 after the discount retailer received a takeover approach from a company controlled by the Kin Group. An unconditional on-market takeover offer of $2.70 cash per share has been made. This represents a ~19% premium to Reject Shop’s 1-month VWAP of $2.271. It is worth noting that just six months ago the retailer’s shares were priced at $6.56.

The Sonic Healthcare Limited (ASX: SHL) share price has pushed 2.5% higher to $22.14 despite there being no news out of the healthcare company. The healthcare sector is the only area of the market in positive territory right now. Investors appear to have rotated to the sector today to escape the market selloff.

The Trade Me Group Ltd (ASX: TME) share price has stormed 17% higher to $5.60. Investors have been fighting to get hold of the New Zealand-based online auction and classifieds company’s shares after it received a takeover approach. According to the release, Trade Me has received a preliminary, non binding, indicative proposal from Apax Partners to acquire it for a cash price of NZ$6.40 (A$6.02) per share.

Missed these gains? Then don't miss out on these buy rated blue chip growth shares which could be trading at bargain prices now.

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 has recommended Limited and The Reject Shop 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.

5 ASX Stocks for Building Wealth After 50

I just read that Warren Buffett, the world’s best investor, made over 99% of his massive fortune after his 50th birthday.

It just goes to show you… it’s never too late to start securing your financial future.

And Motley Fool Chief Investment Advisor Scott Phillips just released a brand-new report that reveals five of our favourite ASX stocks for building wealth after 50.

– Each company boasts strong growth prospects over the next 3 to 5 years…

– Most importantly each pays a generous dividend, fully franked.

Simply click here to find out how you can claim your FREE copy of “5 ASX Stocks for Building Wealth After 50.”

See the stocks now