Why Adairs, Beach, Catapult, & Myer shares are charging higher

These ASX shares are on form on Tuesday…

| More on:
share price rising

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) has fought back from an earlier decline and is pushing higher. At the time of writing, the benchmark index is up 0.2% to 7,438.9 points.

Four ASX shares that are climbing more than most today are listed below. Here's why they are charging higher:

Adairs Ltd (ASX: ADH)

The Adairs share price is up 5% to $3.88. Investors have been buying the furniture and homewares retailer's shares after it was the subject of a bullish broker note out of UBS. According to the note, the broker has retained its buy rating and lifted its price target by 23% to $5.40. The broker believes the company is well-placed for growth over the coming years.

Beach Energy Ltd (ASX: BPT)

The Beach Energy share price is up 7% to $1.11. Investors have been buying Beach and other energy shares on Tuesday after the oil price climbed to a one-week high. This has led to the S&P/ASX 200 Energy sector rising by a solid 4% this afternoon.

Catapult Group International Ltd (ASX: CAT)

The Catapult share price is up 2.5% to $1.90. This follows the announcement of a multi-year deal with German football club VfB Stuttgart. The leading Bundesliga team has subscribed to Catapult's wearable solution for performance insights – Vector. This follows a deal with the football club in July for the company's MatchTracker and Focus solutions.

Myer Holdings Ltd (ASX: MYR)

The Myer share price is up 4.5% to 51.7 cents. Investors appear to be buying this department store operator's shares in anticipation of a strong full year result this week. Last month Myer revealed that it expects to report a 5.5% increase in sales and a net profit after tax between $47 million and $50 million. This compares to a loss of $11.3 million in FY 2020 and a profit of $33.2 million in FY 2019.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the 'five best ASX stocks' for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now...

See The 5 Stocks *Returns as of 30 April 2025

Motley Fool contributor 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 has recommended Catapult Group International Ltd. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has recommended ADAIRS FPO. The Motley Fool Australia owns shares of and has recommended ADAIRS FPO and Catapult Group International Ltd. 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

The silhouettes of ten people holding hands with their arms raised against the sky, as the sun rises or sets in the background.
Share Gainers

Here are the top 10 ASX 200 shares today

ASX shares finished the trading week on a high this Friday.

Read more »

A businessman stacks building blocks.
Technology Shares

6% gain! What's up with Block shares today?

Block shares are up more than 34% since 2 May.

Read more »

A young man punches the air in delight as he reacts to great news on his mobile phone.
Share Gainers

Why ARB, Block, Mayne Pharma, and Paladin Energy shares are charging higher today

These shares are having a strong finish to the week. But why?

Read more »

A woman puts her hands up as she smashes and breaks through a glass ceiling.
Share Gainers

How these 5 ASX 200 stocks are smashing the benchmark this week

These fives ASX 200 stocks have made some very happy shareholders this week. Here’s how.

Read more »

A man looking at his laptop and thinking.
Share Gainers

Here are the top 10 ASX 200 shares today

The markets lost their steam this Thursday.

Read more »

Ecstatic woman looking at her phone outside with her fist pumped.
Share Gainers

Why Catapult, Hutchinson, SKS, and West African shares are pushing higher today

These shares are having a strong session despite the market weakness.

Read more »

Rising gold share price represented by a green arrow on piles of gold block.
Gold

Up 72% in 2025, why is this ASX 200 gold stock racing ahead of the benchmark again today?

Investors are bidding up this high-flying ASX 200 gold stock again on Thursday. But why?

Read more »

Businessman smiles with arms outstretched after receiving good news.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a wonderful Wednesday session for investors today.

Read more »