Why Ansell, AP Eagers, BWX, & FBR shares stormed higher today

The BWX Ltd (ASX:BWX) share price and the FBR Ltd (ASX:FBR) share price are two of four storming notably higher on Wednesday. Here's why…

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In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has rebounded from a morning selloff but is still ever so slightly in the red. At the time of writing the benchmark index is down a single point to 5,857.9 points.

Four shares that have not let that hold them back are listed below. Here's why they have stormed higher:

The Ansell Limited (ASX: ANN) share price has climbed 3.5% higher to $23.77 after being the subject of a positive broker note out of Deutsche Bank. According to the note, the broker has upgraded the safety products company's shares to a buy rating after revisiting the healthcare sector. Deutsche believes that healthcare companies with exposure to international markets are best placed to outperform.

The AP Eagers Ltd (ASX: APE) share price is up 7% to $6.62 after the auto retailer provided its preliminary FY 2018 result. According to the release, AP Eagers expects to report a statutory net profit before tax of $133.7 million. While this is a 1.4% year on year decline, it exceeds the profit before tax guidance range management gave in November of between $126 million and $130 million. The outperformance has been achieved due to stronger operating net profit before tax for both its car and truck retailing businesses.

The BWX Ltd (ASX: BWX) share price has rocketed 9% higher to $1.64 despite there being no news out of the personal care products company. However, with its share price down a whopping 70% over the last six months due to its poor operating performance so far in FY 2019, it appears that bargain hunters may be swooping in today.

The FBR Ltd (ASX: FBR) share price has jumped 14% to 12 cents following the release of its quarterly update after the market close on Tuesday. Investors appear to have been pleased with the progress the company made during the quarter despite the termination of its memorandum of understanding with U.S. giant Caterpillar.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended BWX Limited. The Motley Fool Australia has recommended Ansell Ltd. 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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