In late morning trade the S&P/ASX 200 Index (ASX: XJO) is fighting hard to stay in positive territory. At the time of writing, the benchmark index is up 0.1% to 6,692.5 points.
Four shares that are climbing more than most today are listed below. Here’s why they are charging higher:
Afterpay Ltd (ASX: APT)
The Afterpay share price is up almost 8% to $118.75. Investors have been buying tech shares again on Thursday after a solid night of trade on the tech-focused Nasdaq index. It isn’t just Afterpay recording a solid gain. At the time of writing, the S&P ASX All Technology Index (ASX: XTX) is up a sizeable 2.5%. In addition, analysts at Morgan Stanley lifted their price target on Afterpay’s shares to $136.00 this morning. They have an overweight rating on them.
Australian Ethical Investment Limited (ASX: AEF)
The Australian Ethical share price is up 3.5% to $5.72. This follows the release of the ethical fund manager’s second quarter update this morning. According to the release, Australian Ethical increased its funds under management (FUM) to $5.05 billion by the end of December. This was up 16.9% from $4.32 billion at the end of September.
Pro Medicus Limited (ASX: PME)
The Pro Medicus share price has surged almost 11% higher to $35.16. Investors have been buying the leading health imaging software company’s shares after it announced another major new contract win. Pro Medicus has signed a seven-year contract worth $40 million with Salt Lake City based Intermountain Healthcare. The deal will see its Visage 7 Viewer and Visage 7 Open Archive products implemented across all of Intermountain’s radiology and subspecialty imaging departments.
Sezzle Inc (ASX: SZL)
The Sezzle share price is up over 7.5% to $7.00. This appears to be a delayed reaction to the buy now pay later provider’s fourth quarter update this week. According to the release, Sezzle reported a whopping 195.6% year-over-year increase in merchant fees to US$17.2 million during the fourth quarter.
This Tiny ASX Stock Could Be the Next Afterpay
One little-known Australian IPO has doubled in value since January, and renowned Australian Moonshot stock picker Anirban Mahanti sees a potential millionaire-maker in waiting…
Because ‘Doc’ Mahanti believes this fast-growing company has all the hallmarks of genuine Moonshot potential, forget ‘buy now pay later’, this stock could be the next hot stock on the ASX.
Doc and his team have published a detailed report on this tiny ASX stock. Find out how you can access what could be the NEXT Afterpay today!
See how you can find out the name of this stock
Returns as of 6th October 2020
More reading
- Why the Australian Ethical (ASX:AEF) share price jumped 11% today
- Why the Pro Medicus (ASX:PME) share price is racing 7% higher today
- 4 ways to lose all your money
- 5 things to watch on the ASX 200 on Thursday
- 2 exciting ASX tech shares to buy today
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 Pro Medicus Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Australian Ethical Investment Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends Sezzle Inc. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended Australian Ethical Investment Ltd., Pro Medicus Ltd., and Sezzle Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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