3 Stocks Set to Beat the S&P Today

LONDON -- Stocks are set to end what has been a fairly positive week in the red today after data from China overnight suggested the global economy is still far from booming. Trade numbers showed that exports from the Asian giant collapsed in July, growing just 1% year on year, while imports rose 4.7%. At the same, time new local currency lending fell from 919.8 billion Yuan in June to just 540.1 billion Yuan in July, lower than analyst estimates and again promoting speculation that China will need to increase its economic stimulus efforts.

U.S. markets look set to follow their European peers today, with premarket trade showing the S&P 500 (INDEX: ^GSPC  ) set to open 0.3% lower.

Within this negative session, there are, as always, some companies managing to outperform. Here are three American depositary receipts that are set to beat the S&P today.

Barclays (NYSE: BCS  )
The bank at the heart of the LIBOR scandal is up 3.5% in London, buoyed after it appointed a new chairman in the first move to replace those ousted because of the LIBOR controversy. The bank named former Bank of England executive director David Walker, saying he will start on Nov. 1. He will replace Marcus Agius, who resigned and then continued to work at the bank after CEO Bob Diamond made his surprise resignation last month. Walker said his first task would be to find a replacement for Diamond.

Aviva (NYSE: AV  )
The insurance giant is up 1.6% in London today despite reporting a second-half loss after writing down its U.S. arm by 876 million pounds. The company reported a net loss from continuing operations of 745 million pounds for the first half of 2012,compared with a 125 million pound profit in the same period last year. Executive Chairman John McFarlane said that costs to revamp Aviva are likely to rise during the second half of the year, as the company intends to sell or exit at least 16 businesses and turn around more than 25 others.

Nokia (NYSE: NOK  )
The Finnish phone manufacturer is seeing yet another day of gains after announcing this week that it will sell its Qt app-tools unit to Digia as it phases out its own software creation and becomes more reliant on offerings from Microsoft. The unit was originally bought in 2008 to develop applications for Symbian and MeeGo operating systems, but Nokia has now turned to the Microsoft Windows Phone software. Nokia is up 1.3%.

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 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 owns shares of Microsoft. Motley Fool newsletter services have recommended buying shares of Microsoft. Motley Fool newsletter services have recommended creating a bull call spread position in Microsoft. 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 (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.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1980314, ~/Articles/ArticleHandler.aspx, 10/1/2014 2:20:18 PM

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