The S&P/ASX 200 Index (ASX: XJO) has bounced back from yesterday's heavy decline and is pushing higher in late morning trade. At the time of writing the benchmark index is up 1% to 5,054.6 points.
Four shares that are climbing more than most today are listed below. Here's why they are on form:
The BHP Group Ltd (ASX: BHP) share price is up almost 6% to $26.65. Investors have been buying the mining giant's shares today following the release of a broker note out of Citi. According to the note, the broker has upgraded BHP's shares to a buy rating with a trimmed price target of $35.00. The broker believes its shares are trading at a very attractive level following a recent sharp decline.
The Fisher & Paykel Healthcare Corp Ltd (ASX: FPH) share price has jumped 9% to $27.31. This strong gain has been driven by an update out of the healthcare company this morning which revealed a further upgrade to its guidance for FY 2019. Due to favourable currency movements and strong demand, management expects operating revenue to be approximately NZ$1.24 billion and net profit after tax to be in the range of NZ$275 million to NZ$280 million. This compares to previous guidance of $1.2 billion and NZ$260 million to NZ$270 million, respectively.
The Northern Star Resources Ltd (ASX: NST) share price has stormed 14.5% higher to $10.53. A rebound in the gold price this morning has given the gold miners a major lift on Tuesday. It isn't just Northern Star racing higher. At the time of writing the S&P/ASX All Ordinaries Gold index is up a sizeable 6.6%.
The Next Science Ltd (ASX: NXS) share price has climbed over 6.5% to $1.55. Investors have been buying the medical technology company's shares after it provided a coronavirus update. Although the company has experienced a slowdown in sales because of the outbreak, it revealed that it has products in its pipeline that are effective in the removal of COVID 19-like viruses.
