LONDON -- Stock markets are seeing little change in Europe Monday, starting the week with low volumes thanks to the U.K. bank holiday. Fundamental news is also thin on the ground today, and company-based headlines are bringing about most of the moves pushing the benchmark indexes. Futures trading show the U.S. markets set for a slightly more buoyant note today, with early premarket trade pegging the S&P 500 (INDEX: ^GSPC ) to open 0.2% higher.
Even amid this uninspiring performance, however, a number of individual names are falling sharply. Here are three American depositary receipts the S&P should outperform today.
CRH (NYSE: CRH )
The Irish concrete-product maker is down almost 2% today as its shares continue to suffer following a raft of downgrades by analysts and brokers last week. The shares saw further pressure after Mashav Initiation and Development, of which CRH owns a 25% share, said it would invest $90 million to expand its private power station that supplies electricity to Nesher Cement Enterprises. The company said the surplus power not used by Nesher will be sold to other customers.
Banco Santander (NYSE: SAN )
The Spanish banking giant is continuing to see pressure from broader concerns surrounding the country's financial sector today. The company is down 1% on news that some of the country's smaller and less profitable lenders could be closed down under new rules for Spain's banking bailout. Although Santander is unlikely to be affected directly, the wider implications are still hitting its shares. Despite this, however, analysts at Morgan Stanley have said that an increase in the bank's U.K. unit's mortgage rates could lead profit at Santander U.K. to climb 12% in 2013.
Telefonica (NYSE: TEF )
The phone giant is continuing to suffer today, albeit in light trading, due to rival firm Everything Everywhere's success in becoming the first company in the U.K. to be able to operate 4G services. Everything Everywhere -- a joint venture between rival firms Deutsche Telekom and France Telecom (NYSE: FTE ) , who operate under the Orange and T-Mobile brands in the U.K. -- gained permission last week to be the first mobile-phone company to be operate this fourth-generation wireless technology, which will offer high-speed Internet via mobile devices, putting competitors such as Telefonica, which operates under the name O2 in the U.K., at a severe disadvantage.
As usual, this morning's European trading saw some stocks lose ground -- and perhaps provide some European buying opportunities. Indeed, legendary investor Warren Buffett has recently spent more than $1 billion buying a European large-cap stock that's currently trading well below its 2012 high. If you want to know what Buffett has bought within 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.
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