The S&P/ASX 200 index is pushing slightly higher in afternoon trade. At the time of writing the benchmark index is up 0.15% to 7,124.5 points.
Four shares that are climbing more than most today are listed below. Here's why they are storming higher:
The Cleanaway Waste Management Ltd (ASX: CWY) share price has surged 14.5% higher to $2.20. Investors have responded very positively to the waste management company's half year results and its guidance for the full year. Cleanaway delivered a 13.7% lift in underlying net profit after tax to $76.2 million in the first half. It expects even stronger growth in the second half.
The Cochlear Limited (ASX: COH) share price has jumped 10% to $249.50. Investors have been buying the hearing solutions company's shares after analysts at Macquarie upgraded them from an underperform rating to an outperform rating. The broker also lifted the price target on them to $250. This follows news that a rival has recalled a key competing product.
The Domino's Pizza Enterprises Ltd (ASX: DMP) share price has charged 10% higher to $63.24. This morning the pizza chain operator delivered a stronger than expected half year result. Domino's reported a 10.6% increase in global food sales to $1.58 billion during the half. This was driven by the opening of 85 new stores and a solid 4.1% increase in same store sales. The company's EBITDA grew 10% over the prior corresponding period to $151 million.
The Webjet Limited (ASX: WEB) share price is up 6% to $13.12 following its half year results release. Webjet posted a 24% increase in half year revenue to $217.8 million and a 44% lift in underlying net profit after tax to $55.1 million. This was driven by another stellar performance from its rapidly growing WebBeds business. And although it warned that the coronavirus would impact its full year result, investors appear to have already priced this in.
