The Motley Fool

Why Kogan, St Barbara, Washington H. Soul Pattinson, & WiseTech Global stormed higher

The S&P/ASX 200 index has started the week on a very positive note. In afternoon trade the benchmark index is up 0.5% to 6,549.6 points.

Four shares that have climbed more than most today are listed below. Here’s why they have stormed higher:

The Kogan.com Ltd (ASX: KGN) share price has jumped 5% to $6.63 despite there being no news out of the fast growing ecommerce company. This gain could be a delayed reaction to Kogan’s launch of a credit card late last week. The Kogan Money Black Card has no annual fee and provides 1 reward point per $1 spent on eligible purchases.

The St Barbara Ltd (ASX: SBM) share price has risen 4% to $2.86. This morning its joint venture partner, gold explorer Alice Queen Limited (ASX: AQX), announced that it has completed a soil and rock chip geochemical sampling program across its Horn Island project. The results of the assays are due to be released in the next few weeks, but it appears that some investors are optimistic that they will be strong.

The Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) share price has surged over 6% to $22.13 despite there being no news out of investment house. However, prior to today its shares were down by over 34% from their 52-week high. Some investors may believe they have been oversold and are now in the buy zone.

The WiseTech Global Ltd (ASX: WTC) share price has raced 4% higher to $34.91. Investors have been buying WiseTech Global and a number of other popular tech shares today after a positive finish to the week by the Nasdaq index on Friday. The technology-focused index finished the week with a 1.4% gain. The local tech sector has followed its lead today, with the S&P/ASX 200 Info Tech up by a sizeable 1.5% this afternoon.

Best Stocks to buy for 2020 – NAMED HERE!

You’re invited! For a limited time, The Motley Fool Australia is giving away an urgent new investment report detailing our 3 TOP BLUE CHIP SHARES to own in 2019.

So if you like trustworthy, stable, high-performing companies that pay fat fully franked dividends – we’ve got you covered!

Stock #1 is a beloved old Australian company turning its attention to high-margin businesses... and rapidly returning cash to shareholders with its hefty dividend...

While Stock #2 is an online powerhouse that’s rapidly gaining market share all around the globe... poised for years (or even decades) of tremendous growth...

Even better, Stock #3 offers a whopping 6.5% grossed-up dividend! Which beats the rates on term deposits right out of the water – and offers the potential for capital gains, too.

You can discover all three shares inside our new report right now. To scoop up your FREE copy, simply click the link below right now. But you will want to hurry – this free report is available for a LIMITED TIME ONLY!

SimplyCLICK HERE FOR YOUR FREE REPORT!

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of WiseTech Global. The Motley Fool Australia owns shares of and has recommended Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended Kogan.com 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.

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.

CLICK HERE FOR YOUR FREE REPORT!