The Motley Fool

Why Afterpay, Jumbo, Mesoblast, & Orora shares are surging higher

The S&P/ASX 200 index has recovered from a morning selloff and is pushing notably higher on Tuesday. In afternoon trade the benchmark index is up a decent 1.3% to 5,833.9 points.

Four shares that are climbing more than most today are listed below. Here’s why they are surging higher:

The Afterpay Ltd (ASX: APT) share price has jumped 6% higher to $29.26. Investors appear to be taking advantage of a sharp decline in this payments company’s shares during the market selloff. Especially after analysts at Citi slapped a buy rating and $42.20 price target on the company’s shares on Monday morning.

The Jumbo Interactive Ltd (ASX: JIN) share price has surged almost 12% higher to $9.32. The online lottery ticket seller’s shares have fallen heavily this year due to its soft first half result and the broad market selloff. So much so, in morning trade they sank to a 52-week low of $7.78. I suspect that bargain hunters are now swooping in to pick up shares at what I believe is a very attractive level.

The Mesoblast Limited (ASX: MSB) share price has rocketed 21% higher to $2.21. This follows an announcement by the allogeneic cellular products developer this morning in relation to its mesenchymal stem cell (MSC) product candidate remestemcel-L. Mesoblast advised that it intends to evaluate remestemcel-L in patients with acute respiratory distress syndrome caused by coronavirus in the United States, Australia, China, and Europe. Management believes remestemcel-L has a lot of promise with this treatment.

The Orora Ltd (ASX: ORA) share price has stormed 9% higher to $2.67. The catalyst for this appears to be a broker note out of Morgan Stanley this morning. According to the note, the broker has upgraded the packaging company’s shares to an overweight rating with a $3.50 price target. It believes Orora’s shares are undervalued at the current level.

If you missed these gains, then you will not want to miss out on this exciting share before it potentially takes off.

Here at The Motley Fool Australia, we believe THIS is the ASX’s Next Monster IPO Stock

Right now, The Motley Fool Australia’s analysts can’t contain their excitement about this recent IPO. Trading at around $6, the stock has already shot up like a rocket ship, more than 190% since its IPO last year.

The company has almost tripled its registered clients over its most recent financial year, AND has recently signed several “transformational” deals in the US as it eyes a more than $24 billion market opportunity.

Even more exciting, management has already witnessed their growth more than double year-on-year.

This new recent-IPO is ALREADY on the move since we first recommended it… and we believe the sky could be the limit. But you could be missing out on huge gains if you sleep on this stock.

To find out how to get the name of this stock, simply click the link below right now.

Click here now to find out.

As of 13/2/20

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 and recommends Jumbo Interactive Limited. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended Jumbo Interactive 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.

FREE REPORT: Five Cheap and Good Stocks to Buy now…

Our Motley Fool experts have 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 2.7% 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.