In afternoon trade the benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course to start the day in the red. At the time of writing the index is down 0.5% to 5,874.4 points.
Four shares that haven't let this hold them back are listed below. Here's why they have started the week with a bang:
The Credit Corp Group Limited (ASX: CCP) share price has climbed over 5% higher to $22.70 after it released its first half results. In the first half of FY 2019 Credit Corp delivered a 13% increase in net profit after tax to $33.6 million. This strong performance led to management upgrading its full year outlook for NPAT, purchasing, and net lending. NPAT is now expected in the range of $69 million to $70 million, compared to previous upgraded guidance of $67 million to $69 million.
The Dicker Data Ltd (ASX: DDR) share price has pushed 4% higher to $2.97 after the computer software and hardware distributor released its unaudited full year results. In FY 2018 the company achieved total revenue of $1,494 million and profit before tax of $46 million. This was a 14.4% and 15% increase, respectively, on the prior corresponding period. Both were ahead of guidance.
The St Barbara Ltd (ASX: SBM) share price has zoomed 6.5% higher to $4.77 after the gold price spiked. The spot gold price is currently at US$1,304 an ounce, up 1.5% since Friday. Traders have been buying the precious metal ahead of the Federal Reserve's meeting later this week. According to CNBC, Chairman Jerome Powell is expected to acknowledge growing risks to the U.S. economy as global momentum weakens.
The Telstra Corporation Ltd (ASX: TLS) share price has stormed 5% higher to $3.10 after rival TPG Telecom Ltd (ASX: TPM) announced that it has ceased its mobile network rollout. The Government's decision to block Huawei from Australia's 5G network has been blamed for the decision. Investors appear to believe this could benefit the telco giant.
