The S&P/ASX 200 index is on course to record a solid gain on Thursday. In afternoon trade the benchmark index is up 0.65% to 6,703.3 points.
Four shares that are climbing more than most today are listed below. Here’s why they are zooming higher:
The James Hardie Industries plc (ASX: JHX) share price has charged 6% higher to $26.23. Investors have been buying the building products company’s shares following the release of a solid half year result. During the six months, James Hardie posted adjusted net operating profit of US$188.8 million. This was a 17% increase on the same period last year.
The National Australia Bank Ltd (ASX: NAB) share price is up 2% to $28.34 following the release of its full year results. In FY 2019 NAB posted a 10.6% decline in cash earnings to $5.1 billion. This led to the bank cutting its final dividend down by 16% to 83 cents a share. The good news, though, was that the bank didn’t announce a capital raising and its final dividend will be fully franked.
The Xero Limited (ASX: XRO) share price is racing higher and is up over 6.5% to $71.99. The catalyst for this was the cloud-based business and accounting software provider’s half year result. For the six months ended September 30, Xero reported an impressive 32% increase in operating revenue to NZ$338.7 million. It also announced that it has now surpassed 2 million subscribers globally. This helped drive its total subscriber lifetime value 37% higher to NZ$5.4 billion.
The Zip Co Ltd (ASX: Z1P) share price has rocketed 17% higher to $4.02 after announcing a strategic agreement with Amazon Commercial Services. The agreement will see Zip offered as a payment option for customers using Amazon.com.au. This makes it Amazon’s first Australian instalment payment option. However, it does come at a slight cost. Zip will issue an affiliate of Amazon warrants to acquire up to 14,615,000 ordinary shares.
The post Why James Hardie, NAB, Xero, & Zip Co shares are zooming higher today appeared first on Motley Fool Australia.
Missed these gains? Then don't miss out on these top stocks before they lift off.
Our Motley Fool experts have just released a brand new FREE report, detailing 5 dirt cheap shares that you can buy today.
One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…
Another is a diversified conglomerate trading near a 52-week low all while offering a 2.8% fully franked yield...
Plus 3 more cheap bets that could position you to profit over the next 12 months!
See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.
- Man bets $221,666 on one ASX stock
- Top analysts name their top 3 ASX blue chip shares for 2019
- 3 quality dividend shares to boost your income
- NEW: Free report names top 3 ASX dividend shares to buy for 2019
- 5 Stocks for Potentially Building Wealth After 50
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 ZIPCOLTD FPO. The Motley Fool Australia owns shares of National Australia Bank Limited and Xero. 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.
The Motley Fool's purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. 2019