LONDON -- Stock markets are managing to build on Friday's gains today, helped by expectation-beating eurozone factory output and despite slightly weaker-than-expected manufacturing data from China and Japan overnight. Momentum from last week's late rally and a strong close in the U.S. have been helping push sentiment today, with U.S. premarket trade pegging the S&P 500
Despite this buoyant performance, a number of individual names are still outperforming. Here are three ADRs that are set to beat the S&P today.
The U.K. bank mired in the LIBOR-fixing scandal is making good gains in London today after Barclays
The move has offered some early signs that the bank can at least start to put last week's devastating revelations behind it, while the deep fall in share price over the LIBOR news is offering bargain hunters cheap buying prices. In London, Barclays' share price has been holding around 4.9% higher.
In the U.S., belief in a successful deal to break the deadlock over road spending has been helping the Irish concrete maker build on initial strength today, with the two-year compromise proposal of a $109 billion spending program announced last week. Although not a significant increase on the previous deal, the program is in fact seen as a guarantee of federal funding, and it improves the outlook for the long-term projects CRH is involved in.
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.
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