3 ASX 200 shares defying today’s carnage to climb higher

Here’s what’s boosting these ASX 200 stocks upwards today.

| More on:

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Key points

  • The ASX 200 is in the red by 1.5% this afternoon
  • The fall comes after Wall Street suffered its worst day in two years
  • However, Goodman Group, Aristocrat Leisure, and Perseus Mining are defying the broader sell-off

The S&P/ASX 200 Index (ASX: XJO) is tumbling on Thursday after US shares suffered a sell-off overnight.

Today’s dip has seemingly been born from concerns the United States could be heading for a recession after a disastrous Wednesday on Wall Street. Additionally, the Australian Bureau of Statistics today announced the nation’s jobless rate dropped to 3.9% in April. A tightening labour market could herald further interest rate rises, putting more pressure on the ASX 200.

So, there’s plenty that could be weighing on the ASX 200 today, and the index is sagging under the strain. Right now, it is recording a 1.5% slump – but not all ASX 200 shares are in the red.

Here’s what’s boosting these ASX 200 constituents higher today.

3 ASX 200 shares in the green on Thursday

Goodman Group (ASX: GMG)

The Goodman share price is defying the downturn on Thursday to trade 0.63% higher at $19.20.

Interestingly, there’s been no news from the property group today. However, earlier this week it released a trading update for the quarter just been.

A strong period of demand has seen the company’s like-for-like net property income increase by 3.7%. Additionally, it upped its guidance for financial year 2022.

It now expects to report earnings per share (EPS) growth of 23% and distribute 30 cents per share this financial year.

Aristocrat Leisure Limited (ASX: ALL)

The share price of under-the-radar ASX 200 giant Aristocrat Leisure is also in the green today. It’s up 5.57% and trading at $33.36 following the release of the company’s half-year earnings.

Its revenue lifted 23% on that of the prior corresponding period, reaching approximately $2.7 billion last half.

Its earnings before interest, tax, depreciation, and amortisation (EBITDA) also rose 30% to $970 million and its net profit surged nearly 41% to $580 million.

That led the gaming technology company to announce a 26 cent interim dividend – a 73% increase – and a $500 million on-market buyback.

Perseus Mining Limited (ASX: PRU)

Finally, the Perseus Mining share price is trading in the green on Thursday despite the ASX 200’s woes. It is currently 1.15% higher at $1.76.

Like that of Goodman Group, the company’s stock is gaining for no obvious reason.

Though, it did release good news about its planned acquisition of Orca Gold Inc earlier this week.

Orca shareholders voted in favour of the takeover on Monday (Canadian time) and Perseus Mining expected regulators to give it the final tick of approval on Wednesday.

Following the regulatory green light, the takeover was expected to be completed today. Though, that could occur overnight Aussie time.

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Gainers

three businessmen high five each other outside an office building with graphic images of graphs and metrics superimposed on the shot.
Share Gainers

Why Liontown, Metcash, Star, and Weebit Nano shares are charging higher

These ASX shares are performing strongly on Wednesday...

Read more »

Three children wearing athletic short and singlets stand side by side on a running track wearing medals around their necks and standing with their hands on their hips.
Share Gainers

3 ASX All Ords shares dodging selling pressure on Wednesday

It's a good day to be invested in these ASX shares.

Read more »

asx share price increase represented by golden dollar sign rocketing out from white domes of lithium
Materials Shares

Sayona share price surges 25% on lithium production plans

This ASX lithium share exploded this afternoon.

Read more »

a man in a hardhat inspects equipment in a processing plant looking towards the camera with a small smile with his hand on the machinery.
Share Gainers

Hazer lifts 11% amid the ASX hydrogen share reaching a construction milestone

What caused the Hazer share price to pop on Tuesday?

Read more »

Three coal miners smiling while underground
Resources Shares

Why are ASX 200 coal shares bouncing back on Tuesday?

Coal shares are extending their gains today.

Read more »

A woman with strawberry blonde hair has a huge smile on her face and fist pumps the air having seen good news on her phone.
Share Gainers

Why BlueBet, Collins Foods, Northern Star, and Tassal shares are charging higher

These ASX shares are on form on Tuesday...

Read more »

Top ten gold trophy.
Share Gainers

Here are the top 10 ASX shares today

Here are your top 10 biggest gainers in the ASX 200 on Monday.

Read more »

Two men in a bar looking uncertain as they hold a betting slip and watch TV.
Share Gainers

Are potential suitors getting ready to take another punt on the Tabcorp share price?

Acquisition speculation is in the air.

Read more »