In afternoon trade the benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has unfortunately given back a lot of yesterday's gains and finds itself down 0.3% to 6,056 points.
Four shares which haven't let that hold them back are listed below. Here's why they have climbed higher today:
The G8 Education Ltd (ASX: GEM) share price is up 3.5% to $3.40 following the release of a positive broker note out of Morgan Stanley. According to the note, the broker has initiated coverage on G8 Education with an overweight rating and a $4.25 price target. I would suggest investors hold off buying the childcare centre operator's shares until it releases its full-year results next month.
The InvoCare Limited (ASX: IVC) share price is up 2% to $15.14 despite there being no news out of the funerals company. I suspect that today's increase is likely to be down to bargain hunters swooping in after a sharp drop in its share price over the last couple of months. Its shares would have to fall a little bit more before I'd be a buyer, though.
The Livetiles Ltd (ASX: LVT) share price has climbed 6% to 63.5 cents following the release of its second-quarter update. That update revealed that annualised subscription revenue (ASR) has reached $6.9 million as of December 31 2017. This is an impressive year-on-year increase of 245% and was driven by a strong increase in customer numbers. I think LiveTiles is one to watch.
The MMJ Phytotech Ltd (ASX: MMJ) share price is up 6% to 53.5 cents after emerging from a trading halt. This morning the medicinal cannabis company advised that it plans to invest C$2.5 million in Dosecann by way of convertible debentures at a valuation of C$11.5 million. Dosecann is a consumer healthcare company focused on developing a suite of cannabis-based health and wellness products for supply to key markets globally.
