It has been a great start to the week for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO). In afternoon trade the benchmark index is up 0.6% to 5,848 points.
Four shares which have made notably strong starts to the week are listed below. Here's why they have started the week with a bang:
The Bega Cheese Ltd (ASX: BGA) share price is up almost 4% to $7.47. This brings its five-day return to over 9%. Investors have been fighting to get hold of shares this year thanks to its game-changing Vegemite acquisition.
The Pilbara Minerals Ltd (ASX: PLS) share price is up over 5% to $8.47 despite there being no news out of the lithium miner. Incredibly, this latest gain brings Pilbara Minerals' one-month return to almost 120%. The majority of the lithium miners are higher today as investors continue to remain bullish on global lithium demand.
The Rio Tinto Limited (ASX: RIO) share price is up 3% to $70.25. This morning Deutsche Bank released a research note which revealed that it has retained its outperform rating and increased the price target on its shares to $80.00. Investors appear to agree with this assessment and have been snapping up shares today.
The Superloop Ltd (ASX: SLC) share price has climbed 2.5% to $2.43 after the connectivity services provider announced the successful completion of its NuSkope acquisition. Superloop will pay $7 million plus $3 million in Superloop shares at an issue price of $2.457 per share. NuSkope generated $2.4 million in EBITDA in FY 2017. It appears as though Superloop has got itself a good deal.
