The last 30 days have been reasonably disappointing for the benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO). The index has had a number of ups and downs during the period, ultimately leading to a 1.2% decline.
Three shares which have defied the market and climbed substantially higher are listed below. Is it too late to snap them up?
The Aconex Ltd (ASX: ACX) share price has bolted 22% in the last 30 days thanks largely to a trading update at the Macquarie Group Ltd (ASX: MQG) Conference. With many in the market fearing the worst, management reiterating its full-year guidance and long-term growth expectations was enough to send its shares soaring. Despite this strong gain, I do think the software-as-a-service company could be a buy today. Especially for those that are willing to make a patient buy and hold investment.
The Flight Centre Travel Group Ltd (ASX: FLT) share price has jumped 13% since this time last month. Like Aconex, Flight Centre made no changes to its full-year guidance at the Macquarie Conference. Whilst many feel that its second-half guidance is too optimistic and unachievable, I think a sharp increase in discount airfares and its cost-cutting program have put it in a position to deliver on its promise. But with its shares rallying strongly, it certainly isn't the bargain buy it was a few months ago. Because of this I would hold off an investment for the time being and wait for a pull-back.
The iSentia Group Ltd (ASX: ISD) share price has rocketed 26% in the last 30 days for similar reasons. The market had been waiting for more bad news from iSentia's embattled content marketing business. But pleasingly the company appears to have stopped the rot and was able to reiterate its full-year guidance at the start of the month. Whilst I am a big fan of its media-monitoring business and believe it has huge potential, I would hold off an investment until there is a notable improvement in its content marketing business.
