After a solid start to the day, the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has given back early gains and has edged lower to 5,705 points in early afternoon trade.
Four shares which aren't letting that stop them from climbing higher are listed below. Here's why they are finishing the week with strong gains:
The Bubs Australia Ltd (ASX: BUB) share price is up 10% to 21 cents. Investors have been fighting to get hold of the infant formula and baby food company's shares since it announced a strategic agreement with Chinese online platform Kaola. Whilst I think the agreement could arguably be a game-changer, I feel it would be prudent to hold off an investment until sales data is available.
The Codan Limited (ASX: CDA) share price has jumped 8% to $2.30. With no news out of the electronics solutions company, today's gain is likely to be attributable to a research note out of Moelis and Co. According to the note, its analysts have upgraded Codan to a buy rating with a $2.50 price target following recent declines.
The GetSwift Ltd (ASX: GSW) share price is up almost 12% to 96 cents. This morning the logistics platform provider's shares emerged from a trading halt following a heavily oversubscribed $24 million capital raising. Management intends to use the funds to accelerate its growth and expand into other verticals. I think this is great news and continue to believe that GetSwift would be a great buy and hold investment.
The TPG Telecom Ltd (ASX: TPM) share price is up 3.5% to $5.81 despite there being no news out of the telco company. But with its shares down 50% in the last 12 months, I feel it is likely that bargain hunters are swooping in today. I think TPG Telecom would be a great investment at the current share price.
