Insights

Why Aerometrex, Healius, Megaport, & Temple & Webster shares are pushing higher

Healius Ltd (ASX:HLS) and Temple & Webster Group Ltd (ASX:TPW) shares are two of four pushing higher despite the market selloff..
The post Why Aerometrex, Healius, Megaport, & Temple & Webster shares are pushing higher appeared first on Motley Fool Australia. –

man walking up line graph into clouds, asx shares all time high

The S&P/ASX 200 Index (ASX: XJO) is out of form on Thursday and sinking notably lower in late morning trade. At the time of writing, the benchmark index is down 1.2% to 6,119.3 points.

Four shares that have not let that hold them back today are listed below. Here’s why they are pushing higher:

Aerometrex Ltd (ASX: AMX)

The Aerometrex share price is up 3% to $1.34 after announcing a new product. The aerial mapping company has developed a new technology that is able to determine, in three dimensions, the exact fuel load densities in any bushfire prone region in Australia. It believes the breakthrough should allow users to adopt a far more science-based and pre-emptive fuel load strike position ahead of this year’s bushfire season.

Healius Ltd (ASX: HLS)

The Healius share price has climbed 6% higher to $3.65. Investors have been buying the healthcare company’s shares after the release of its first quarter update. That update revealed that Healius recorded revenue of $492.5 million and underlying earnings before interest and tax (EBIT) of $81.2 million during the quarter. This represents an increase of 17.5% and 150%, respectively, on the prior corresponding period. COVID-19 testing played a key role in this growth.

Megaport Ltd (ASX: MP1)

The Megaport share price is up 1% to $14.72. This appears to have been driven by a broker note out of UBS this morning. The broker has upgraded the leading elastic interconnection services provider’s shares to a buy rating with a $16.45 price target following its first quarter update. It was pleased to see strong growth in new ports during the three months.

Temple & Webster Group Ltd (ASX: TPW)

The Temple & Webster share price has bounced back from a heavy decline on Wednesday and is up 3% to $11.99. This morning analysts at Goldman Sachs retained their buy rating and lifted their price target on the online homewares and furniture retailer’s shares to $12.85. This follows a trading update yesterday which revealed stronger growth than the broker expected. 

Man who said buy Kogan shares at $3.63 says buy these 3 ASX stocks 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 more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

In this FREE STOCK REPORT, Scott just revealed what he believes are the 3 ASX stocks for the post COVID world that investors should buy right now while they still can. These stocks are trading at dirt-cheap prices and Scott thinks these could really go gangbusters as we move into ‘the new normal’.

Find out the names of our 3 Post COVID Stocks – For FREE!

*Returns as of 6/8/2020

More reading

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 MEGAPORT FPO. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Temple & Webster Group Ltd. The Motley Fool Australia has recommended MEGAPORT FPO and Temple & Webster Group Ltd. 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 post Why Aerometrex, Healius, Megaport, & Temple & Webster shares are pushing higher appeared first on Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!