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In late morning trade the S&P/ASX 200 Index (ASX: XJO) is off its lows but is still in the red. At the time of writing the benchmark index is down 0.4% to 5,363.3 points.
Four shares that have not let that hold them back are listed below. Here's why they are storming higher:
The Goodman Group (ASX: GMG) share price is up 3.5% to $14.06. This morning the property group released its third quarter update and reaffirmed its guidance for the full year. It continues to expect FY 2020 operating earnings per security of 57.3 cents, up 11% on FY 2019. It also continues to forecast a year distribution of 30 cents per security.
The Pushpay Holdings Ltd (ASX: PPH) share price has continued its positive form and is up a further 12% to $5.84. Investors have been fighting to get hold of the donor management system provider's shares since the release of a very strong full year result on Wednesday. One broker that was impressed was Credit Suisse. This morning it upgraded Pushpay's shares to an outperform rating with a NZ$6.54 (A$6.14) price target.
The Virgin Money UK PLC (ASX: VUK) share price is up 8% to $1.47. This follows the release of the UK-based bank's interim results after the market close. Virgin Money UK reported an underlying profit on ordinary activities before tax of £120 million. This was down 58% on the prior corresponding period. Excluding impairment charges, operating profits would have been down 3%.
The Zip Co Ltd (ASX: Z1P) share price is up almost 6% to $2.99. This appears to have been driven by a very positive update from rival Sezzle Inc (ASX: SZL) this morning. That update revealed that the buy now pay later provider had a record month of sales, customer, and merchant growth in April. This appears to be a sign that the pandemic has not stifled industry growth.
