The S&P/ASX 200 Index (ASX: XJO) is out of form on Thursday. In early afternoon trade, the benchmark index is down 0.2% to 7,235 points.
Four ASX shares that arenât letting that hold them back today are listed below. Hereâs why they are charging higher:
Cettire Ltd (ASX: CTT)
The Cettire share price is up 2.5% to $1.47. This morning, this online fashion retailer announced an agreement with fashion house, Zegna. This deal will see Cettire directly integrate the products from the Zegna brand into its platform. Cettire customers will have access to Zegna-branded products in all of Cettireâs markets, while benefiting from the companyâs fulfilment capability, payment options, and post-sales support.
Endeavour Group Ltd (ASX: EDV)
The Endeavour share price is up 3% to $6.60. This appears to have been driven by a broker note out of Ord Minnett this morning. Its analysts believe the drinks company’s shares are good value and have retained their buy rating with an $8.00 price target.
Global Lithium Resources Ltd (ASX: GL1)
The Global Lithium share price is up 2% to $2.06. Investors have been buying this lithium developer’s shares after it announced a “game-changing” mineral resource estimate upgrade for its two 100%-owned hard rock lithium projects in Western Australia. The highlight was arguably a 230% increase in the Manna Lithium Projectâs mineral resource to 32.7Mt. Combined, this has lifted its mineral resource from 20.4Mt to 50.7Mt across its projects.
Whitehaven Coal Ltd (ASX: WHC)
The Whitehaven Coal share price is up 3.5% to $10.16. This coal minerâs shares are lifting on Thursday after it was the subject of a bullish broker note out of Citi. According to the note, the broker has upgraded the companyâs shares to a buy rating with an $11.10 price target. Strong coal prices drove the upgrade.
The post Why Cettire, Endeavour, Global Lithium, and Whitehaven Coal are charging higher appeared first on The Motley Fool Australia.
FREE Investing Guide for Beginners
Despite what some people may say – we believe investing in shares doesn’t have to be overwhelming or complicated…
For over a decade, we’ve been helping everyday Aussies get started on their journey.
And to help even more people cut through some of the confusion “experts’” seem to want to perpetuate – we’ve created a brand-new “how to” guide.
Yes, Claim my FREE copy!
*Returns as of November 7 2022
(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}
setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()
More reading
- Guess which ASX lithium share is surging 8% on ‘game-changing’ news
- Here are the old and new energy ASX 200 shares that investors were buying last month
- Here are the 3 most heavily traded ASX 200 shares on Wednesday
- Why Bendigo Bank, Endeavour, TPG, and Zip shares are dropping today
- Why is the Endeavour share price sinking today?
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. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Cettire. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
from The Motley Fool Australia https://ift.tt/UmtQSYh
Leave a Reply