The S&P/ASX 200 Index (ASX: XJO) is having a difficult start to the week. In afternoon trade, the benchmark index is down 0.85% to 8,795.5 points.
Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:
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4DMedical Ltd (ASX: 4DX)
The 4DMedical share price is up 6% to $3.36. Investors have been buying this respiratory imaging technology company's shares in recent sessions after it announced the expansion of its partnership with University of Chicago Medicine. This will now include the commercial deployment of CT:VQ. 4DMedical's founder CEO, Andreas Fouras, said: "University of Chicago Medicine is one of the nation's most respected AMCs and a pioneer in medical innovation. Their expansion of our partnership to include CT:VQ represents powerful validation of both the clinical value our technology delivers and the strength of our commercialisation approach."
DroneShield Ltd (ASX: DRO)
The DroneShield share price is up 5% to $3.50. This is despite there being no news out of the counter-drone technology company. However, with its shares pulling back materially last week, some investors may believe that a buying opportunity has been created. The team at Bell Potter certainly seems to think this. It recently put a buy rating and $5.00 price target on its shares. It said: "We believe DRO has a market leading RF detect/defeat C-UAS offering and a strengthening competitive advantage owing to its years of battlefield experience and large and focused R&D team."
New Hope Corporation Ltd (ASX: NHC)
The New Hope share price is up 2% to $4.60. This morning, this coal miner was recommended as a buy, as we covered here. Baker Young is recommending New Hope to investors. It said: "The extension of Origin Energy's Eraring coal fired power station is a reminder that demand for thermal coal is likely to remain robust for longer than many investors believe. [..] New Hope has a strong balance sheet, and we feel the market is undervaluing NHC's growth potential through the New Acland stage 3 development. Recently trading on a modest forecast earnings multiple in fiscal year 2026 and an attractive fully franked dividend yield, the stock screens as attractive."
Zip Co Ltd (ASX: ZIP)
The Zip Co share price is up 2% to $2.71. This is despite there being no news out of the buy now pay later provider. But as with DroneShield, Zip's shares have pulled back meaningfully recently. This could mean that some investors are buying the dip on Monday.
