Following what has been a rollercoaster ride in recent weeks, the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has surged more than 1% higher today thanks to a relief rally for the Big Four banks.
However, there are a number of companies generating even stronger returns, including these four…
Treasury Wine Estates Ltd (ASX: TWE) rose a staggering 14.3% to $6.30 after soaring as high as $6.44 earlier in the session – just 3 cents below its all-time high price in 2013. The company released its full-year earnings results this morning, reporting a 26% increase in net profit after tax (NPAT) before significant items which was driven by a remarkable 53% lift in earnings from Asia.
Reject Shop Ltd (ASX: TRS) also rose 14.3% with the shares now trading at a five-month high of $7.27. Although the retailer reported a 1.9% dip in its full-year profit, it did experience a much stronger second half with the turnaround "beginning to gain momentum". Comparable sales were down 0.8% for the year but up 2.3% for the second half.
Ardent Leisure Group (ASX: AAD) rose 9.6% by mid-afternoon to trade at $2.39. The company, which owns Goodlife Health Clubs, AMF Bowling and Dreamworld on the Gold Coast (to name just a few of its assets), reported a 19% lift in full-year revenue with its rapidly-growing Main Event Family Entertainment business in the United States performing particularly strongly. The newly appointed CEO, Deborah Thomas, will continue to work toward reviving the local business lines over the coming year.
Sonic Healthcare Limited (ASX: SHL) experienced a setback yesterday following the release of its own full-year results, but is up nearly 5.6% today at $20.90. The medical diagnostics group forecast a strong rise in earnings for the 2016 financial year with Citi and Credit Suisse both upgrading their recommendations on the stock as a result.
These upgrades could well be what's causing the shares to rise so strongly today. With the market still sitting well below its highs from earlier this year, there are plenty of fantastic opportunities presenting themselves. You just need to know where to look.
