The S&P / ASX 200 Index (Index: ^AXJO) (ASX: XJO) is up in lunchtime trade as better-than-expected employment data boosts investor confidence over the outlook for the local economy.
Several stocks from within the index are soaring higher and feature regularly among the daily top performers, with regard it may be worth looking at why.
SEEK Limited (ASX: SEK) is the go-to website for anyone seeking employment in Australia and New Zealand. It also has a substantial online education business and is fast-expanding its reach globally.
The stock has climbed 3.5% to $17.78 today despite releasing no specific news to the market, in mid-February the stock dropped in price after the website operator posted half-year results that underwhelmed a demanding market. However, it's SEEK's growth opportunities in large markets like China and Brazil that keep investors coming back for more.
Domino's Pizza Enterprises Ltd. (ASX: DMP) is a regular guest in the list of daily top performers as the pizza retailer and franchisor has been growing revenues and earnings at a rapid rate.
The business is expanding into the large Japanese market and its stores appear successful thanks to a recipe of cheap pizza expertly marketed to the masses. The pizza might be cheap but the shares are not – selling on around 54x earnings Domino's looks expensive.
Iress Ltd (ASX: IRE) is a financial software business that has its products integrated into the systems of major brokerages and investment banks worldwide. Once the software is integrated into an investment manager's systems it is integral to the operational and investment processes and is unlikely to be dumped unless a rival offers a substantially better product.
This makes for sticky and recurring revenues and today the business announced a deal with the Commonwealth Bank of Australia's (ASX: CBA) wealth management business to utilise its XPLAN platform. The stock has climbed 2.5% on the news and retains a strong outlook.
Global Health Limited (ASX: GLH) has jumped 4.5 cents or nearly 20% after announcing that a Sydney hospital has selected its electronic administration system to help manage the operational running of the hospital. This is good news for a business that has tanked 55% over the past year after investor optimism over its outlook waned due to some missed contract upgrades.
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