in afternoon trade, the S&P/ASX 200 Index (ASX: XJO) has fought back from an earlier decline and is pushing higher. At the time of writing, the benchmark index is up 0.2% to 7,438.9 points.
Four ASX shares that are climbing more than most today are listed below. Here's why they are charging higher:
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Adairs Ltd (ASX: ADH)
The Adairs share price is up 5% to $3.88. Investors have been buying the furniture and homewares retailer's shares after it was the subject of a bullish broker note out of UBS. According to the note, the broker has retained its buy rating and lifted its price target by 23% to $5.40. The broker believes the company is well-placed for growth over the coming years.
Beach Energy Ltd (ASX: BPT)
The Beach Energy share price is up 7% to $1.11. Investors have been buying Beach and other energy shares on Tuesday after the oil price climbed to a one-week high. This has led to the S&P/ASX 200 Energy sector rising by a solid 4% this afternoon.
Catapult Group International Ltd (ASX: CAT)
The Catapult share price is up 2.5% to $1.90. This follows the announcement of a multi-year deal with German football club VfB Stuttgart. The leading Bundesliga team has subscribed to Catapult's wearable solution for performance insights – Vector. This follows a deal with the football club in July for the company's MatchTracker and Focus solutions.
Myer Holdings Ltd (ASX: MYR)
The Myer share price is up 4.5% to 51.7 cents. Investors appear to be buying this department store operator's shares in anticipation of a strong full year result this week. Last month Myer revealed that it expects to report a 5.5% increase in sales and a net profit after tax between $47 million and $50 million. This compares to a loss of $11.3 million in FY 2020 and a profit of $33.2 million in FY 2019.
