Although it has bounced off its lows, the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course to finish the week on a disappointing note. At the time of writing the index is down 1% to 5,451.1 points.
Four shares that have defied the market decline are listed below. Here’s why they are ending the week with a bang:
The Audio Pixels Holdings Ltd (ASX: AKP) share price has stormed 13% higher to $20.00 after the digital speaker developer announced that it has recently achieved three major technological breakthroughs. While it acknowledged that the development stage is not yet complete, management believes these breakthroughs demonstrate the progress the company has made towards delivering its “breakthrough technology” to the market.
The Bubs Australia Ltd (ASX: BUB) share price has climbed 3.5% higher to 45.5 cents after the infant formula company announced that it has secured additional goat milk supply with Central Dairy Goats. According to the release, the agreement guarantees a minimum supply volume of 2.2 million litres through to May 2019 and 6.2 million litres for the following year. Management believes this will allow the company to fulfil its increasing growth trajectory and further reinforces its farm gate to finished product provenance story.
The Healthscope Ltd (ASX: HSO) share price has stormed 6.5% higher to $2.20 after the private hospital operator provided positive updates on takeover offers from both the BGH-AustralianSuper consortium and Brookfield Capital Partners. BGH-AustralianSuper confirmed it will now commence due diligence immediately and Brookfield Capital Partners has advised that it sees no reason to believe it would not be willing and able to proceed with its $2.585 per share takeover offer.
The Northern Star Resources Ltd (ASX: NST) share price has climbed 3% to $8.85 after the gold price pushed notably higher overnight. At present the spot gold price is fetching US$1,260 an ounce, up 1.3% since this time yesterday. This has led to the S&P/ASX All Ords Gold index rising an impressive 2.8% today.
We hear it over and over from investors, "I wish I had bought Altium or Afterpay when they were first recommended by The Motley Fool. I'd be sitting on a gold mine!" And it's true.
And while Altium and Afterpay have had a good run, we think these 5 other stocks are screaming buys. And you can buy them now for less than $5 a share!
*Extreme Opportunities returns as of June 5th 2020
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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