The Motley Fool

Why Adairs, Ausdrill, Domino’s, & Mesoblast shares charged higher today

In afternoon trade the S&P/ASX 200 index is off its lows but still in the red. At the time of writing the index is down 0.15% to 6,641.3 points.

Four shares that have not let that hold them back are listed below. Here’s why they have charged higher today:

The Adairs Ltd (ASX: ADH) share price has bounced back from its selloff on Friday with a gain of almost 18% to $1.47. The home furnishings retailer’s shares fell 30% at the end of last week after it revealed a sudden deterioration in its sales performance. One broker that believes the selloff was overdone is Goldman Sachs. It has retained its buy rating, albeit with a trimmed price target of $1.79.

The Ausdrill Limited (ASX: ASL) share price has raced 12% higher to $1.76 after the diversified mining services company announced that its Barminco business has been awarded a five-year underground mining services contract at the Zone 5 Mine in Botswana worth approximately A$800 million. The contract is expected to commence in December 2019.

The Domino’s Pizza Enterprises Ltd (ASX: DMP) share price has climbed 3% to $38.74. The catalyst for today’s gain appears to have been a broker note out of Citi this morning. According to the note, the broker has upgraded the pizza chain operator’s shares to a buy rating with a $44.00 price target. Although it admits that its FY 2019 guidance is looking stretched, its analysts believe the market has yet to factor in its European expansion potential.

The Mesoblast Limited (ASX: MSB) share price has pushed 6% higher to $1.45 after announcing that the US FDA has granted its product candidate, rexlemestrocel-L, Orphan Drug Designation for prevention of post-implantation mucosal bleeding in end-stage chronic heart failure patients who require a left ventricular assist device. This designation qualifies the sponsor of the drug for various development incentives such as eligibility for seven years of market exclusivity upon regulatory approval and exemption from FDA application fees.

If you missed these gains don't worry, because these top stocks have been named as shares to buy and tipped for strong returns.

These ASX shares have shot up 204% and even 954%, but we think they’re just getting started

The $700 billion “war on cash” is on… and even The New York Times is calling it “a goldmine of staggering proportions”…

That’s why The Motley Fool has just released a brand-new research report: “Leave Your Wallet at Home: 2 Stocks for the Digital Payments Revolution.” Inside, you’ll find 2 expert-picked ASX shares poised to profit from this sweeping tech revolution.

Heck, stock #1 is already up 204% in just the last two years. While Stock #2 has climbed an eye-watering 954% since 2015 alone…

Yet we’re convinced the sheer biggest returns could be still ahead, with 10X or more potential profits still on the table. Simply click the link below now and we’ll show you how to snap up this timely (and potentially highly profitable) new research for FREE.

Click here to snap up your copy of “Leave Your Wallet at Home: 2 Stocks for the Digital Payments Revolution.”

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Domino's Pizza Enterprises 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.

NEW. Five Cheap and Good Stocks to Buy in 2019…

Our Motley Fool experts have just released a brand new FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.8% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.