Why Bapcor, Cochlear, Novonix, and Zip shares are rising

These ASX shares are performing positively today…

| More on:
a happy investor with a wide smile points to a graph that shows an upward trending share price

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

The S&P/ASX 200 Index (ASX: XJO) is having a decent day on Tuesday. In afternoon trade, the benchmark index is up 0.15% to 7,392.5 points.

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

Bapcor Ltd (ASX: BAP)

The Bapcor share price is up almost 3% to $7.74. This follows the release of a trading update by the auto parts retailer at its annual general meeting. That update reveals that Bapcor's revenue was flat during the first quarter despite the negative impact of lockdowns on its stores. In light of this, management has reaffirmed its FY 2022 guidance for earnings at least in line with what was achieved in FY 2021.

Cochlear Limited (ASX: COH)

The Cochlear share price is up 2.5% to $220.72. This has also been driven by the release of an AGM update this morning. According to the release, the hearing solutions company is on track to achieve its guidance in FY 2022. This will be for underlying earnings growth in the range of 12% to 20%.

Novonix Ltd (ASX: NVX)

The Novonix share price has jumped 9% to $5.75. This is despite there being no news out of the battery materials company. However, a number of lithium shares are surging higher today amid increasingly bullish sentiment in the industry. This follows another rise in lithium prices to record highs.

Zip Co Ltd (ASX: Z1P)

The Zip share price is up 5% to $7.09. This morning the team at Morgans retained their add rating but trimmed their price target on this buy now pay later provider's shares slightly to $8.56. This follows the release of its first quarter update on Monday. Morgans felt its revenue growth was commendable given how it is seasonally its weakest quarter.

Should you invest $1,000 in Intellihr right now?

Before you buy Intellihr shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Intellihr wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

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 Cochlear Ltd. and ZIPCOLTD FPO. The Motley Fool Australia owns shares of and has recommended Bapcor. The Motley Fool Australia has recommended Cochlear 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

Person pretends to types on laptop drawn in sand.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a happy finish to the week for ASX shares this Friday.

Read more »

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

5 ASX All Ords stocks rocketing higher this week

Investors sent these five ASX All Ords stocks soaring this week. But why?

Read more »

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

Why Boss Energy, Capstone, Dimerix, and Platinum shares are storming higher today

These shares are having a good finish to the week. Let's find out why.

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 the ASX's fourth day of gains for the week today.

Read more »

a man raises his fists to the air in joyous celebration while learning some exciting good news via his computer screen in an office setting.
Share Gainers

Why Cedar Woods, Healius, NextDC, and Platinum shares are charging higher today

These shares are rising on Thursday. But why are investors buying them? Let's find out.

Read more »

A bearded man holds both arms up diagonally and points with his index fingers to the sky with a thrilled look on his face over these rising Tassal share price
Share Gainers

These were the best-performing ASX 200 shares in April

These shares were in fine form in April. Let's see why they outperformed.

Read more »

Hiker man backpacker with hands up in the summer mountains with cloudy sky.
Share Gainers

Here are the top 10 ASX 200 shares today

The ASX made it three from three.

Read more »

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

Why Cedar Woods, Orthocell, PEXA, and St Barbara shares are storming higher today

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

Read more »