MENU

Why Nanosonics and these ASX shares have rocketed higher in 2019

Although the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has had a couple of wobbles in recent days, it has still carved out an impressive gain of 9.5% in 2019.

Whilst this is undoubtedly a strong gain, some shares on the index have outperformed it by a significant margin.

The Fortescue Metals Group Limited (ASX: FMG) share price has been a strong performer in 2019 with a massive gain of 51.5%. This gain has been driven largely by the significant rise in iron ore prices following the Vale dam disaster in Brazil earlier this year. This disaster has led to concerns that supply might not be able to keep up with demand in the short term. In addition to this, the narrowing of the discount between Fortescue’s ore and the benchmark 62% fines has supported its share price.

The Nanosonics Ltd (ASX: NAN) share price has stormed a remarkable 44% higher since the start of the year. Investors have been fighting to get hold of the infection control specialist’s shares after it released a strong half year result last month. In the first half of FY 2019 Nanosonics delivered a 36% increase in sales to $40.7 million and a 195% lift in operating profit before tax to $11 million. This impressive result was driven by the increasing demand for its leading trophon EPR product. During the half the product’s installed base grew to a total of 19,310 units, which was a 20% increase on the same period last year.

The Webjet Limited (ASX: WEB) share price has surged 37% higher this year. The online travel agent’s shares have been on fire since the release of a stronger than expected half year result last month. Webjet posted a 33% lift in half year revenue to $175.3 million and a 42% jump in EBITDA to $58 million thanks partly to the strong performance of its WebBeds (B2B) segment. From its continuing operations, the WebBeds segment grew bookings by 50% and EBITDA by a massive 136% to $30.1 million. The good news is that management believes the segment can continue its strong form for some time to come thanks to its global growth opportunities.

Missed these gains? Then don't miss these top shares that have been tipped as potential market beaters this year.

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 move – 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 owns shares of and has recommended Nanosonics Limited. The Motley Fool Australia has recommended Webjet 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.

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