Why Baby Bunting, Brickworks, Core Lithium, and Dreadnought Resources are pushing higher

These ASX shares are avoiding the market selloff…

| More on:
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.

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

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a sizeable decline. At the time of writing, the benchmark index is down 1.4% to 6,662.8 points.

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

Baby Bunting Group Ltd (ASX: BBN)

The Baby Bunting share price is up over 2% to $2.74. This appears to have been driven by a broker note out of Morgans today. According to the note, the broker believes that recent share price weakness has created a buying opportunity. Morgans has retained its add rating with a reduced price target of $3.60.

Brickworks Limited (ASX: BKW)

The Brickworks share price is up 2.5% to $22.25. Investors have been buying this building products company's shares after it was the subject of a bullish broker note. According to a note out of UBS, its analysts have upgraded Brickworks' shares to a buy rating with a $25.30 price target. The broker made the move after increasing its earnings estimates materially for FY 2023.

Core Lithium Ltd (ASX: CXO)

The Core Lithium share price is up 5% to $1.21. This morning Core Lithium revealed that its managing director Stephen Biggins will step down with immediate effect. With the recent official opening of the Finniss Lithium Mine and appointment of Gareth Manderson as CEO, Biggins has decided it is the appropriate time to exit. Rising lithium prices have also given its shares a boost.

Dreadnought Resources Ltd (ASX: DRE)

The Dreadnought Resources share price is up 5% to 10 cents. This follows the release of an update on drilling activities at the 100% owned Mangaroon project. According to the release, the company has intersected thick rare earth mineralisation in both fresh and weathered material. Managing Director, Dean Tuck, commented: "We are already off to a good start so the next few months should be extremely exciting."

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 Brickworks. The Motley Fool Australia has positions in and has recommended Brickworks. The Motley Fool Australia has recommended Baby Bunting. 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

A young women pumps her fists in excitement after seeing some good news on her laptop.
Share Gainers

Why Adore Beauty, Domino's, DroneShield, and Universal Store shares are rising today

Not all shares are falling today. Why are these rising?

Read more »

Lion roaring in the wild, symbolising a rising Liontown share price.
Share Gainers

Here are the top 10 ASX 200 shares today

ASX investors once again pulled back from record highs today.

Read more »

Cheerful boyfriend showing mobile phone to girlfriend in dining room. They are spending leisure time together at home and planning their financial future.
Share Gainers

Why Accent, Dusk, Evolution Mining, and Zip shares are pushing higher today

These shares are having a great session. But why?

Read more »

Hands reaching high for a trophy with a sunset in the background.
Share Gainers

Here are the top 10 ASX 200 shares today

It was another day and another record high for ASX shares this Wednesday.

Read more »

Woman looks amazed and shocked as she looks at her laptop.
Gold

Have you heard of this ASX gold stock? It's up 114% in 8 days!

Investors have sent the ASX gold stock flying higher in July. But why?

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 Cettire, Core Lithium, Northern Star, and Step One shares are charging higher

These shares are having a good time on hump day. But why?

Read more »

A woman's hand draws a stylised 'Top Ten' on a projected surface.
Share Gainers

Here are the top 10 ASX 200 shares today

It was back to earth for ASX investors this Tuesday.

Read more »

A man sees some good news on his phone and gives a little cheer.
Share Gainers

Why EOS, Hub24, Integrated Research, and Kingsgate shares are pushing higher

These shares are having a strong session. But why?

Read more »