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Why Breville and these ASX 200 shares are smashing the market in 2019

Despite its recent wobbles, the S&P/ASX 200 index has climbed an impressive 18.5% since the start of the year. And if you include dividends, this return stretches to ~21%.

Whilst the majority of shares on the index have pushed higher this year, some have climbed more than most.

Here’s why these ASX 200 shares are flying high in 2019:

The Breville Group Ltd (ASX: BRG) share price has stormed a remarkable 76% higher since the start of the year. The appliance manufacturer’s shares have been on fire since the release of an impressive half year result in February. In the first half Breville posted a 15.4% increase in revenue to $440.4 million and a 19.7% increase in net profit after tax to $43.5 million. The strong profit result was the result of its well-controlled inventory, strong growth from both its Global Product and Distribution segments, and successful geographic expansion. Judging by the continued rise in its share price, it appears as though investors are confident that the second half will be just as strong.

The NIB Holdings Limited (ASX: NHF) share price has been a very strong performer in 2019 and is up approximately 50% year to date. Investors have been fighting to get hold of the private health insurer’s shares since the surprise election result in May. This is because had Labor won the election, it would have limited premium increases to 2%. This was expected to put significant pressure on NIB’s margins and limit its future growth. So with Labor falling short, investors appear a lot more confident in the company’s outlook.

The Resolute Mining Limited (ASX: RSG) share price has been a market-beater with a 73% gain in 2019. This strong gain has been driven by a material rise in the gold price thanks to a combination of market volatility due to trade war concerns and falling bond yields across the globe. Last week the the gold price broke through the US$1,500 an ounce mark for the first time in over six years and has been tipped to climb even higher. In fact, some experts believe it is only a matter of time until the precious metal climbs to US$2,000 an ounce.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended NIB Holdings 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.

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