The Australian sharemarket is on fire today, more than making up for yesterday's losses with the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) piling on 75 points, or 1.3%, to trade at 5,600 points. The ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) has also risen 1.3% with most stocks trading in the black for the day so far.
Here are four stocks that are performing particularly well in light of today's rally…
Village Roadshow Ltd (ASX: VRL) has been back on the market's radar recently after it was revealed that Jurassic World, the latest instalment from the Jurassic Park franchise, had so far smashed international box office records, which bodes well for movie cinemas around the country. The stock rose 6.2% today and has risen just over 20% since early March.
Sydney Airport Holdings Ltd (ASX: SYD) rose 2.9% to trade at $5.25 after the company unveiled its traffic performance for May 2015. The infrastructure business recorded total growth of 1.6% compared to the same time last year while it has also generated growth of 2% year-to-date. This was largely driven by strong inbound growth from Asian markets such as the Philippines, China and Korea.
iProperty Group Ltd (ASX: IPP) provided an earnings upgrade this morning, much to the delight of investors. The stock rose 8.4% to trade at $2.46 after the company said it expects revenues between $32.5 and $36 million (up from prior guidance of $30-36 million) and earnings before interest, tax, depreciation and amortisation (EBITDA) between $3 and $6 million (up from between $2 and $5 million previously).
Cash Converters International Ltd (ASX: CCV) has continued to rally after the company announced it had settled a class action dating back to 2013, in which it will be required to pay $20 million into a fund for distribution to the members of the class. It's possible that investors were expecting a bigger cost to the business while they will also be relieved to learn that the matter has been settled. The shares are up 2.9% today at 77 cents, giving it a total gain of 17% since it hit a low of 66.5 cents during yesterday's session.
