Why these 3 shares are taking off

These three shares posted solid gains on Monday. Here's why…

| More on:

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

a woman

Shareholders of these companies enjoyed a positive start to the week.

Kogan.com Ltd (ASX: KGN)

The Kogan.com Ltd share price was up by 6.81% on Monday as the e-commerce company's stock continues to recover.

The Kogan share price slumped from the $9.80 it was trading at in early June to a dismal $4.70 at the end of July.

But the Kogan share price has since edged back to $5.96.   

Under the constant threat of the Amazon effect lingering in investors' minds, Kogan may not be the ASX's most stable company.

However, with Kogan expected to release its half-year results on Friday, shareholders could soon be presented with a clearer picture concerning Amazon's impact on Kogan.

 Navigator Global Investments Ltd (ASX: NGI)

The Navigator share price lost more than 5% when the company released its FY18 results presentation last week.

But it seems the Navigator share price has defied the results jitters and bounced back, gaining 4.5% on Monday.

With Navigator's market value fast approaching $1 billion, shareholders have enjoyed returns exceeding 120% over the past year.

Eclipx Group Ltd (ASX: ECX)

The Eclipx Group Ltd share price took a battering earlier this month when the fleet management company slashed its profit expectations.

Eclipx shares sunk by about 40% after the company stated that it expected its FY2018 NPATA to come in at around $77 million. That would represent an increase of about 15% on the prior corresponding period's results rather than an increase of up to 30% as the company had previously indicated.

The Eclipx share price has since recovered after dropping to $1.80 last week and is now up to $2.10, having gained more than 10% on Monday.

Despite the recent gains, the Eclipx share price is still far below the $3.64 it was going for this time last year, representing a decline of more than 40% over the past 12 months.

Motley Fool contributor Steve Holland has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Kogan.com 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.

More on Technology Shares

a man wearing spectacles has a satisfied look on his face as he appears within a graphic image of graphs, computer code and technology related symbols while he concentrates on a computer screen
Technology Shares

Top ASX 200 tech shares to buy right now: Morgans

It’s time to jump on some leading players in the tech sector, according to one broker.

Read more »

A young woman sits on her lounge looking pleasantly surprised at what she's seeing on her laptop screen as she reads about the South32 share price
Technology Shares

These ASX tech shares are buys: Goldman Sachs

Goldman Sachs speaks very highly about these tech shares.

Read more »

A young woman holds an open book over her head with a round mouthed expression as if to say oops as she looks at her computer screen in a home office setting with a plant on the desk and shelves of books in the background.
Technology Shares

Xero share price dips 3% amid Silicon Valley Bank fallout

Xero has been caught up in the Silicon Valley Bank collapse.

Read more »

A worried man holds his head in his hands
Technology Shares

These ASX tech shares have exposure to the Silicon Valley Bank collapse

The second-largest banking collapse in US history occurred last week.

Read more »

asx share price resignation represented by man kicking miniature man through the air
Technology Shares

Novonix shares will soon be booted out of the ASX 200. What might this mean for investors?

ASX 200 share Novonix will soon be just an All Ords share.

Read more »

Technology Shares

Is the new leaner, meaner Xero stock a buy right now?

Is this tech stock a buy after announcing major cost reductions?

Read more »

A young woman with her mouth open and her hands out showing surprise and delight as uranium share prices skyrocket
Technology Shares

Why is the Xero share price racing 11% higher today?

Investors have been fighting to get hold of Xero's shares on Thursday.

Read more »

A woman wearing yellow smiles and drinks coffee while on laptop.
Technology Shares

The ASX 200 tech shares I'd be thrilled to buy at a 20% discount

I’d love to go shopping for these tech names if they heavily dipped.

Read more »