3 Shares Set to Beat the FTSE Today

LONDON -- The FTSE 100 (FTSEINDICES: ^FTSE  ) crushed its previous 52-week high of 5,989 points today and soared through the unimportant 6,000-point barrier, putting 2.4% by 9: 40 a.m. EST by midday to reach 6,039. The reason, of course, is the deal reached in the U.S. to avoid the so-called "fiscal cliff."

Some individual constituents of the FTSE indexes are also on the way up today. Here are three whose prices are rising.

Weir (LSE: WEIR  )
Shares in FTSE 100 industrial engineer Weir Group gained 3.7% reach 1,948 pence on news of a disposal and an acquisition. Weir, which focuses on the mining, oil and gas, and power markets, completed the sale of LGE Process on Dec. 28 for an enterprise value of 23 million pounds.

And on Dec. 31, the acquisition of Mathena was completed. The purchase, as described on Dec. 20, involved an initial payment of $240 million, with up to a further $145 million depending on profit targets.

Lamprell (LSE: LAM  )
It seems a good day for support companies in the oil and gas sector generally, as Lamprell shares put on 16.2% after the company announced that it has received banking covenant waivers from its lenders relating to some of its debts. The covenants were due to be tested on Dec. 31. Although revenue is still expected to continue to fall as we enter 2013, Lamprell ended 2012 in a better working-capital position with net cash of around $100 million.

We also heard positive news of progress in two of Lamprell's current contracts.

Wood Group (LSE: WG  )
And to bring up our trio of oil-and-gas-related companies today, we see John Wood Group shares up 2.3% to 743 pence, though the only news today is of two new executive directors joining the board. They are Mark Dobler, chief executive of the firm's GTS division, and Robin Watson, chief executive of its PSN division.

Wood Group's share price has been falling since November, but it's still up over the past 12 months, and earnings forecasts look healthy.

Daily gains from shares can all play their part in making you your first million. But the real secret to becoming rich from shares is simple long-term investing in fundamentally sound companies and letting steady growth and dividends power your wealth upward. If you don't think making a million is feasible, read this free Motley Fool report and see if you change your mind. The report won't cost you a penny, so click here to have a copy delivered to your inbox while it's still available.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2174911, ~/Articles/ArticleHandler.aspx, 4/18/2014 11:51:06 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement