Why Domino’s, EML, Talga, and Woolworths shares are pushing higher

These ASX shares are pushing higher on Wednesday…

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rising asx share price in food and consumer staples sector represented by happy face made from cut up banana

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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a decline amid weakness in the resources sector. At the time of writing, the benchmark index is down 0.4% to 6,601.9 points.

Four ASX shares that are not letting that hold them back are listed below. Here’s why they are pushing higher:

Domino’s Pizza Enterprises Ltd (ASX: DMP)

The Domino’s share price is up 6% to $74.60. This may have been driven by a positive reaction from brokers and investors to the pizza chain operator’s decision to add a service fee to its deliveries. This fee is expected to help offset cost inflation and support profit margins.

EML Payments Ltd (ASX: EML)

The EML share price is up 11% to $1.43. Investors have been buying this payments company’s shares following a rebound in the tech sector and the release of a positive announcement. The latter reveals that EML has signed an agreement with Spain’s national post office network, Correos. EML will support the issuing of a government contract known as the Bono Cultural Joven 2022 (Youth Cultural Bonus) tender.

Talga Group Ltd (ASX: TLG)

The Talga share price is up 3% to $1.13. This morning this graphite developer revealed that the first drilling of the 2km long Niska Link target has intersected wide and high grade graphite zones at its 100% owned Vittangi graphite project in northern Sweden.

Woolworths Group Ltd (ASX: WOW)

The Woolworths share price is up 3% to $36.96. This appears to have been driven by a broker note out of UBS this morning. According to the note, the broker has upgraded this retail giant’s shares to a neutral rating from sell and increased their price target on them to $37.00. Food inflation and demand for private label goods are expected to benefit Woolworths’ supermarkets.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended EML Payments. The Motley Fool Australia has positions in and has recommended EML Payments. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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