Why Integrated Research, Macquarie, Pilbara Minerals, and South32 shares are pushing higher

These ASX shares are pushing higher on Thursday…

| More on:
a young woman raises her hands in joyful celebration as she sits at her computer in a home environment.

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 record a strong gain. At the time of writing, the benchmark index is up 1.05% to 7,271.2 points.

Four ASX shares that are climbing more than most today are listed below. Here's why they are rising:

Integrated Research Limited (ASX: IRI)

The Integrated Research share price is up 14% to 57 cents. This morning, this performance management solutions provider released a trading update. Integrated Research expects to report half year EBITDA of $7.8 million to $8.8 million. This will be a 15% to 30% increase over the prior corresponding period.

Macquarie Group Ltd (ASX: MQG)

The Macquarie share price is up 1.5% to $176.70. This appears to have been driven by a broker note out of Morgan Stanley this morning. According to the note, the broker has retained its overweight rating and $215.00 price target on the investment bank's shares. Morgan Stanley suspects that Macquarie could benefit from recent commodities volatility.

Pilbara Minerals Ltd (ASX: PLS)

The Pilbara Minerals share price is up 4% to $4.14. This follows a strong night of trade for lithium shares on Wall Street. In addition, on Wednesday Citi upgraded Pilbara Minerals' shares to a buy rating with a $4.70 price target. The broker felt that the company's shares had been oversold since November.

South32 Ltd (ASX: S32)

The South32 share price is up 2.5% to $4.61. This may have been driven by another rise by the copper price overnight. The metal rose beyond US$9,000 a tonne overnight on the LME, taking it to a six-month high. This has been driven by optimism that China's reopening will underpin increased demand from the world's top consumer.

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 Integrated Research. The Motley Fool Australia has recommended Macquarie Group. 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

Stock market chart in green with a rising arrow symbolising a rising share price.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a massive day for the ASX 200, with a new all-time high recorded.

Read more »

A man sits thoughtfully on the couch with a laptop on his lap.
Technology Shares

This ASX tech stock rocketed 60% in March! Can it keep on delivering?

After soaring in March, the ASX tech stock is now up 169% since this time last year.

Read more »

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

Why Mesoblast, Newmont, Pilbara Minerals, and Platinum shares are jumping

These ASX shares are ending the week strongly. But why?

Read more »

A young male ASX investor raises his clenched fists in excitement because of rising ASX share prices today
Share Gainers

3 ASX All Ords shares up 50%+ in March

These ASX shares have been on fire this month. But why?

Read more »

Woman looks amazed and shocked as she looks at her laptop.
Share Gainers

Why Mesoblast, Patriot Battery Metals, Sigma, and Zip shares are pushing higher

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

Read more »

Woman looks amazed and shocked as she looks at her laptop.
Consumer Staples & Discretionary Shares

If you'd put $20,000 in this ASX retail stock at the start of 2023, you'd have $134,000 now

This online retailer has executed a remarkable turnaround for its investors.

Read more »

Fancy font saying top ten surrounded by gold leaf set against a dark background of glittering stars.
Share Gainers

Here are the top 10 ASX 200 shares today

It was back to earth for ASX shares this Tuesday.

Read more »

Two happy scientists analysing test results.
Healthcare Shares

Mesoblast share price rockets 36% on breaking FDA news

ASX investors are sending the Mesoblast share price soaring following promising FDA news.

Read more »