The S&P/ASX 200 Index (ASX: XJO) is on course to start the week on a disappointing note. In afternoon trade the benchmark index is down 0.6% to 6,674.4 points.
Four shares that have not let that hold them back are listed below. Here's why they are charging higher today:
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Data#3 Limited (ASX: DTL)
The Data#3 share price has jumped 5.5% to $5.54. Investors have been buying the business technology solutions company's shares after it provided guidance for the first half. According to the release, Data#3 expects to achieve the top end of its guidance range. This will mean a first half net profit before tax of approximately $13.7 million.
JB Hi-Fi Limited (ASX: JBH)
The JB Hi-Fi share price is up 2.5% to $52.05. Investors have been buying the retail giant's shares after it released its guidance for the first half of FY 2021. JB Hi-Fi had a very strong half thanks to continued elevated customer demand for consumer electronics and home appliance products. In light of this, it expects to report a 23.7% increase in sales to $4,941.2 million and an impressive 86.2% lift in net profit after tax to $317.7 million for the half.
Ramsay Health Care Limited (ASX: RHC)
The Ramsay share price has jumped 5% higher to $62.26. This has been driven by the release of a broker note out of Goldman Sachs this morning. According to the note, its analysts have upgraded Ramsay's shares to a conviction buy rating from neutral and lifted their price target on them to $70.00. Goldman believes the improvement in near-term fundamentals is not yet reflected in consensus forecasts or current trading multiples.
Zip Co Ltd (ASX: Z1P)
The Zip share price is up 2.5% to $5.75. This morning the buy now pay later provider announced the completion of its share purchase plan. According to the release, Zip raised $56.7 million from the share purchase plan. This includes over-subscriptions of $26.7 million, which it has accepted in full. Prior to this, Zip raised $120 million from its placement to new and existing institutional, sophisticated, and professional investors.
