3 Shares Set to Beat the FTSE Today

The FTSE 100's (INDEX: ^FTSE  ) slide appears to have been halted for now, with the index of top U.K. shares putting on 0.4% to 5,700 as of 10 a.m. EST. Last week's slide was a response to the eurozone slipping back into recession on the back of earlier general profitability fears.

But wherever the index is going, there are always shares on the way up. Here are three doing well today.

Ocado (LSE: OCDO.L  )
Online grocery store Ocado is enjoying a nice boost today: The share price has leapt 24% to 75 pence on the news of a new financing round. Ocado's bankers have agreed to extend the existing capital-expenditure facility for another 18 months, and Ocado now plans a new share placing to raise a further 35.8 million pounds at a premium to the "most recent closing market price" of the shares.

Current trading is improving, too, with a 13.7% increase in sales for the six weeks to Nov. 11. The big question is whether this extra capital will be enough to get Ocado, with its second distribution center, up to sufficient profitability to justify the share price -- which is still way below its flotation level.

Lamprell (LSE: LAM.L  )
Shares in Lamprell have soared 11.2% to 79.5 pence on the release of a somewhat mixed interim update. The oil and gas engineering company told us that 2012's losses will be significantly bigger than expected, and that caused an opening dip in the share price. But the firm's assurance that it is on the road to recovery appears to have overcome the negativity, and the price turned back up again.

We should now be seeing a total 2012 loss of around $105 million, but Lamprell expects to be back in profit in 2013.

Balfour Beatty (LSE: BBY.L  )
Battered construction firm Balfour Beatty enjoyed some respite today, as its share price put on 2.4% to reach 256 pence on the announcement that the firm has been named "best value bidder" on a contract to repair and rebuild river bridges in Dallas, Texas.

The job should be worth about $798 million and will require work on two major interstate bridges, among others. The share price is still way down on its pre-slump level, but it has recovered by about 12% since then.

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.

Alan does not own any shares 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.

Compare Brokers

Fool Disclosure

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: 2119153, ~/Articles/ArticleHandler.aspx, 9/27/2016 3:05:30 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...

Today's Market

updated 5 hours ago Sponsored by:
DOW 18,094.83 -166.62 -0.91%
S&P 500 2,146.10 -18.59 -0.86%
NASD 5,257.49 -48.26 -0.91%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/26/2016 11:35 AM
^FTSE $6818.04 Down +0.00 +0.00%
FTSE 100 CAPS Rating: No stars