Why Dicker Data, Evolution, JB Hi-Fi, & LiveTiles shares are storming higher

The Evolution Mining Ltd (ASX:EVN) share price and the JB Hi-Fi Limited (ASX:JBH) share price are two of four storming higher today…

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The S&P/ASX 200 index is on course to start the week with a small decline. In afternoon trade the benchmark index is down 0.1% to 7,015.3 points.

Four shares that have not let that hold them back today are listed below. Here's why they are storming higher:

The Dicker Data Ltd (ASX: DDR) share price is up 5.5% to $7.02. Investors have been buying the shares of the wholesale distributor of computer hardware and software after it announced its final dividend of FY 2019. Dicker Data has declared a fully franked 13 cents per share dividend. This brings its total dividends for FY 2019 to 33 cents per share, which is a 63.4% increase on a year earlier. This is partly attributable to a special interim dividend following the sale of a building at 230 Captain Cook Drive, Kurnell.

The Evolution Mining Ltd (ASX: EVN) share price has stormed 5.5% higher to $3.98. Investors have been buying the gold miners on Monday after coronavirus concerns continued to weigh on investor sentiment. It isn't just Evolution pushing higher. The S&P/ASX All Ordinaries Gold Index is up a sizeable 2.2% in afternoon trade.

The JB Hi-Fi Limited (ASX: JBH) share price has surged a massive 15% higher to $46.04 after delivering a stronger than expected first half result. Thanks to solid sales growth across the business and improving margins, JB Hi-Fi delivered an 8% increase in EBIT to $255.6 million. This compares to the consensus estimate for EBIT of $244 million. The company also increased its guidance for the full year, much to the dismay of the short sellers targeting it.

The LiveTiles Ltd (ASX: LVT) share price has continued its positive run and is up a further 7% to 36.5 cents. This morning the intelligent workplace company announced an agreement with Canva. That agreement will see the company integrate Canva into its core platform, providing LiveTiles users the ability to rapidly build graphic design elements within the Intelligent Workplace, without the need for any previous design experience.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Dicker Data Limited. The Motley Fool Australia has recommended LIVETILES FPO. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Gainers

Man drawing an upward line on a bar graph symbolising a rising share price.
Share Gainers

Why EOS, News Corp, Polynovo, and Pro Medicus shares are roaring higher today

These shares are starting the week positively. But why?

Read more »

Five young people sit in a row having fun and interacting with their mobile phones.
Share Gainers

5 ASX 200 stocks marching higher this week even as the market sinks

These five ASX 200 companies are shrugging off the broader selling to march higher this week.

Read more »

Rising share price chart.
Share Gainers

Why Novonix, HMC, Karoon Energy, and Ventia shares are pushing higher

These shares are ending the week on a positive note. But why?

Read more »

A young woman smiles as she rides a zip line high above the trees.
Share Gainers

3 top ASX 200 stocks I wish I'd owned in 2024

These three top ASX 200 stocks are racing higher in 2024.

Read more »

Man pointing an upward line on a bar graph symbolising a rising share price.
Share Gainers

Why Champion Iron, EBR Systems, Mesoblast, and Patriot Battery Metals shares are surging today

These shares are avoiding the market selloff on Thursday. But why?

Read more »

A man looking at his laptop and thinking.
Share Gainers

Here are the top 10 ASX 200 shares today

Investors ended up snatching defeat from the jaws of victory today.

Read more »

Excited group of friends sitting on sofa watching sports on TV and celebrating.
Share Gainers

Why Clarity, Omni Bridgeway, Santana Minerals, and Vulcan shares are pushing higher today

These shares are having a good time on hump day. But why?

Read more »

Man with rocket wings which have flames coming out of them.
Share Gainers

Guess which ASX All Ords stock just rocketed 44%

Investors are sending the ASX All Ords stock racing higher today. But why?

Read more »