'Exceeding expectations': 3 rocketing ASX shares you better buy before they rise even more

MotleyFool01-16

Just because you see some ASX shares rise spectacularly doesn't mean that they become bad buys. That's because past performance literally has nothing to do with where a stock is heading in the future....

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That's because past performance literally has nothing to do with where a stock is heading in the future....</p>\n\n<a href=\"https://www.fool.com.au/2024/01/16/exceeding-expectations-3-rocketing-asx-shares-you-better-buy-before-they-rise-even-more/\">Source Link</a>\n\n</div>\n","source":"motleyfoolau_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>'Exceeding expectations': 3 rocketing ASX shares you better buy before they rise even more</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n'Exceeding expectations': 3 rocketing ASX shares you better buy before they rise even more\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-16 05:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com.au/2024/01/16/exceeding-expectations-3-rocketing-asx-shares-you-better-buy-before-they-rise-even-more/><strong>MotleyFool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Just because you see some ASX shares rise spectacularly doesn't mean that they become bad buys. That's because past performance literally has nothing to do with where a stock is heading in the future....</p>\n\n<a href=\"https://www.fool.com.au/2024/01/16/exceeding-expectations-3-rocketing-asx-shares-you-better-buy-before-they-rise-even-more/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GQG.AU","symbol_name":"GQG Partners Inc","start_time":0,"source_url":"https://www.fool.com.au/2024/01/16/exceeding-expectations-3-rocketing-asx-shares-you-better-buy-before-they-rise-even-more/","article_id":"2403025261","we_media_id":null,"thumbnails":["https://cdn-dfpai.nitrocdn.com/gJsEsVaCFesDAEYOdjncMdcuJdoeUsXv/assets/images/optimized/rev-54aa414/www.fool.com.au/wp-content/uploads/2023/09/three-jump-1200x675.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2403025261","pubTimestamp":1705352400,"sourceInfo":{"source_id":"motleyfoolau_stock","name":"MotleyFool"},"weMediaInfo":null,"summary":"Just because you see some ASX shares rise spectacularly doesn't mean that they become bad buys. That's because past performance literally has nothing to do with where a stock is heading in the future.","collect":0,"end_time":0,"defaultTopTitle":"fool.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"GQG.AU":"GQG Partners Inc","SSM.AU":"SERVICE STREAM LTD","BK7055":"建筑与工程","BK7062":"资产管理与托管银行","JLG.AU":"JOHNS LYNG GROUP LTD"},"translate_title":"“超出预期”：3股ASX股票飙升，你最好在它们上涨更多之前买入","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GQG.AU":1,"JLG.AU":1,"SSM.AU":1},"content_text":"Just because you see some ASX shares rise spectacularly doesn't mean that they become bad buys. That's because past performance literally has nothing to do with where a stock is heading in the future. Shares have no memory, so they don't care what their history is. The only thing that matters is whether investors continue to want a piece of the action. So with this firmly in mind, here are three soaring ASX shares that experts this week are rating as buys: This mob loves it when it rains The year is barely a half-month old, but the Johns Lyng Group Ltd (ASX: JLG) share price has already rocketed more than 10.7%.  The company provides reconstruction services for the insurance industry, and the recent extreme weather on the east coast may well have spurred on the market. \"We expect an already strong pipeline of work to be bolstered from recent storm damage in Queensland and Victoria,\" Medallion Financial Group portfolio manager Stuart Bromley told The Bull. The business has been a darling with investors for a while now, with the stock price surging 524% higher over the past five years. Bromley reckons the recent rocket for Johns Lyng shares could be the start of another bull run. \"Management has a history of exceeding expectations, with fiscal year 2023 net profit after tax (NPAT) of $62.8 million above consensus forecasts of $50 million. \"The shares are enjoying favourable momentum in 2024.\" 'Deserves a higher multiple' Ord Minnett senior investment advisor Tony Paterno's pick is telco and infrastructure network services provider Service Stream Ltd (ASX: SSM). The stock has impressed in recent times, rising more than 47.5% since the start of June.  According to Paterno, an analyst day presentation showed just how diversified its work is, the niche knowledge required to solve the problems, and the long contract durations involved. The company also boasted how its risk profile is improving as it \"cycles away from fixed price, lump sum work\". \"Service Stream carries $5 billion of work in hand, excluding contract extensions, underpinned by unprecedented levels of investment from government and private asset owners.\" Paterno said his team preferred businesses with \"nearer-term earnings visibility and positive earnings momentum\". \"We believe Service Stream's free cash flow generation deserves a higher multiple.\" 'Standout' ASX shares in a tough industry Investment manager GQG Partners Inc (ASX: GQG) is not often mentioned among the hot stocks, but its valuation has soared almost 36% since early November.  According to Bromley, it's a reliable performer in an industry that doesn't have the best image among stock investors. \"The company has delivered consistent growth in funds under management,\" he said. \"GQG is our standout alternative in the funds management space that has been under pressure.\" Bromley predicts that the momentum is set to continue. \"The company was recently managing more than $100 billion, and we believe continuing fund inflows paired with fund outperformance should deliver share price upside.\" Indeed all five analysts that cover GQG are rating the ASX shares as a buy, including Paterno's Ord Minnett team.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.0","shortVersion":"4.24.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2403025261"}