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The market returned to form on Tuesday and has risen sharply.
Although a good portion of the stock made strong gains today, the three stocks below stood out, reaching their highest level in 52 weeks.
Is it too late to invest in these high-flying actions?
the BWP Trust The stock price (ASX: BWP) reached a high of $ 3.63 on Tuesday in 52 weeks. BWP Trust is a commercial real estate manager that has a portfolio of properties managed primarily by Wesfarmers Ltd Subsidiary of Bunnings Warehouse (ASX: WES). I suspect that investors took the shares of the trust because of the defensive qualities of the company thanks to a tenant of this size and a growing tenant. Although I believe that its shares appear to be fully valued now, if market volatility persists, they may still be a good investment option.
the Paradigm Biopharmaceuticals Ltd The stock price (ASX: PAR) climbed to a 52-week high of $ 1.29 on Tuesday. This brought the cumulative gain of the biopharmaceutical company's shares to 360%. Investors seem to believe that the Company's reuse of Sodium Pentosan Sulfate (PFS) could be a great success. PFS is an FDA approved drug that has long experience in safely treating inflammation. Paradigm reuses SPP for a number of applications with a focus on the treatment of orthopedic and viral arthritic indications. One of these diseases is osteoarthritis, which has 31 million people in the United States. I think that is to watch.
the Technology One Limited The share price (ASX: TNE) closed the day at $ 5.99 on Tuesday, the highest level in 52 weeks. The software company's shares have gained momentum since the publication of its annual results last week. Technology One revenues increased 9% to $ 299 million and pre-tax earnings increased 15% to $ 66.5 million. Investors also look pleased to see the company forecast strong earnings growth in fiscal 2019. This is expected to be supported by the continued growth of its software business as a service. Although Technology One is a quality company, I think its actions are expensive and investors could find better value elsewhere in the industry.
Have you missed those winnings? Do not worry, these main actions were announced as market winners in 2019.
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James Mickleboro, a contributor to Motley Fool, holds no position in any of the actions mentioned. Motley Fool Australia owns shares and has recommended Wesfarmers Limited. We fools may not all have the same opinion, but we all agree that taking into account a wide range of ideas makes us better investors. Motley Fool has a disclosure policy. This article contains only general investment tips (under AFSL 400691). Authorized by Scott Phillips.
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