Why a2 Milk, Doctor Care Anywhere, McPherson's, & Volpara are pushing higher

A2 Milk Company Ltd (ASX:A2M) and Doctor Care Anywhere Ltd (ASX:DOC) shares are two of four pushing higher on Tuesday…

| More on:

Image source: Getty Images

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

In afternoon trade the S&P/ASX 200 Index (ASX: XJO) looks set to record a disappointing decline. At the time of writing, the benchmark index is down 0.65% to 6,626.6 points.

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

A2 Milk Company Ltd (ASX: A2M)

The a2 Milk share price is up 1.5% to $10.40. This appears to be down to bargain hunters swooping in today to take advantage of a significant pullback in the infant formula company's share price. Its shares were sold off last week after it was forced to downgrade its guidance due to weakness in the daigou channel.

Doctor Care Anywhere Ltd (ASX: DOC)

The Doctor Care Anywhere share price has jumped 7% higher to $1.29. This has been driven by an announcement that revealed that the UK-based telehealth company has signed a new channel agreement with Allianz Partners. It is one of the world's largest insurance and assistance companies. This agreement will give Allianz Partners international private medical insurance policyholders and their dependents based in Europe access to Doctor Care Anywhere's digital health services.

McPherson's Ltd (ASX: MCP)

The McPherson's share price is up 5% to $1.39. Investors have been buying the beauty products company's shares following the release of an update after the market close on Monday. That update revealed that McPherson's is on track to achieve its previous first half underlying profit before tax guidance which was recently withdrawn. It is expecting underlying profit before tax in the range of $6.5 million to $7.5 million. This represents an 11.8% to 23.5% decline on the prior corresponding period.

Volpara Health Technologies Ltd (ASX: VHT)

The Volpara share price has risen 3.5% to $1.37. This solid gain has been driven by news that it has signed a five-year software-as-a-service (SaaS) contract with BreastScreen Queensland following a successful pilot trial. BreastScreen Queensland is the third largest public breast screening program in Australia. The contract is initially for Volpara's quality assurance platform, VolparaEnterprise. But allows for the expansion of services to include VolparaDensity and VolparaLive.

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and recommends VOLPARA FPO NZ. The Motley Fool Australia owns shares of and has recommended A2 Milk. The Motley Fool Australia has recommended VOLPARA FPO NZ. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Gainers

An executive in a suit smooths his hair and laughs as he looks at his laptop feeling surprised and delighted.
Share Gainers

Why APA, Aurelia Metals, Magnetic Resources, and ResMed shares are rising today

These shares are avoiding the market selloff on Tuesday.

Read more »

Fancy font saying top ten surrounded by gold leaf set against a dark background of glittering stars.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a positive start to the week for ASX investors.

Read more »

Shot of a young businesswoman looking stressed out while working in an office.
Share Gainers

Why Johns Lyng, Qantas, St Barbara, and Super Retail shares are falling today

These shares are starting the week in the red. But why?

Read more »

Overjoyed man celebrating success with yes gesture after getting some good news on mobile.
Share Gainers

Why ALS, Life360, Nuix, and Sovereign Metals shares are pushing higher today

These shares are having a good start to the week. But why?

Read more »

A man looking at his laptop and thinking.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a horrid end to the trading week this Friday.

Read more »

Three people jumping cheerfully in clear sunny weather.
Share Gainers

3 ASX 200 stocks rocketing higher this week even as the market dives

These three ASX 200 stocks are shrugging off the wider market sell-off this week to leap higher.

Read more »

Ecstatic man giving a fist pump in an office hallway.
Share Gainers

Why Insignia, Meteoric Resources, Qantas, and West African shares are pushing higher today

These shares are avoiding the market selloff today.

Read more »

Unsure man analysing data on laptop.
Share Gainers

Here are the top 10 ASX 200 shares today

The ASX suffered another fall this Thursday.

Read more »