3 Stocks Set to Beat the S&P Today

LONDON -- European equity markets are starting the week in an upbeat fashion today, still bolstered by the better-than-expected U.S. nonfarm payroll numbers last week. Sentiment in Europe is seeing further optimism after the Greek government and its creditors said yesterday that they have agreed on the need to strengthen policy efforts to support the economy and help the country comply with bailout terms. The U.S. markets look set to open on a slightly more subdued note, with premarket trading showing the S&P 500 (INDEX: ^GSPC  ) up just 0.2%.

Even amid this optimism, there are some individual names outperforming. Here are three ADRs that are set to beat the S&P today.

ING Groep (NYSE: ING  )
ING is up almost 3% in Europe today, still benefiting from news last week that it may be selling its Canadian online bank and disposing of a smaller U.K. unit in efforts to repay aid it received from the government during the financial crisis.

This came after the company's Turkish arm agreed to a deal with the Istanbul-based textile exporters association to loan $500 million to more than 9,000 of the group's members and provide consulting services to help with the group's foreign investment and trade.

Nokia (NYSE: NOK  )
The Finnish phone maker is continuing to benefit from speculation that it may receive a bid from Lenovo Group, despite the company's denial that it is in talks with Nokia. The company made some gains last week after reporting better-than-expected sales of its Lumia handset and announcing that its CEO and several directors bought more than $1 million in stock in the last days of July, helping boost optimism that the company may be cheap and ready for an upturn. Nokia shares have been trading around 2.3% higher.

Barclays (NYSE: BCS  )
The U.K. bank is up almost 2.2% Monday after a report in The Sunday Times said yesterday that the company is working on a new pay scheme that would cut bonuses for top executives and delay payments until retirement. This specifically refers to big payouts of bonuses in shares, which could now be postponed until an employee left the company or retired.

Despite the ongoing eurozone troubles, this morning's European trading did provide some winners -- and perhaps some European buying opportunities. Indeed, legendary investor Warren Buffett has recently spent more than $1 billion buying the stock of a prominent European large cap.

If you want to know why Mr. Buffett has bought into Europe, this special Motley Fool report -- "The One European Share Warren Buffett Loves" -- reveals everything, including the price he paid. You can download the report today for free, but hurry -- the report is available for a limited time only.

The Motley Fool is helping Europe invest. Better. And with the eurozone economy so uncertain, we're urging everyone to read "10 Steps To Making A Million In The Market" -- this report may transform your wealth. Click here now to request your free, no-obligation copy.

Further Motley Fool investment opportunities:

Karl Loomes does not own any share mentioned in this article. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.


Read/Post Comments (0) | Recommend This Article (1)

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: 1973124, ~/Articles/ArticleHandler.aspx, 7/23/2014 12:12:34 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...

TREND TRACKER: Get Rich When the Web Goes Dark

It's time to say "goodbye" to your Internet! One bleeding-edge technology is about to put the World Wide Web to bed. And if you act right away, it could make you wildly rich. Experts are calling it the single largest business opportunity in the history of capitalism… The Economist is calling it "transformative"... but you'll probably just call it "how I made my millions." Big money is already on the move. Don't be too late to the party – find out the 1 stock to own when the Web goes dark.


Advertisement