3 Stocks Set to Beat the S&P Today
Aug 7th 2012 8:16AM
Updated Aug 7th 2012 8:22AM
LONDON -- European stocks are seeing a slightly mixed session Tuesday, with markets consolidating gains as confidence surrounding Europe and the central bank's commitment to saving the euro boost sentiment. Confirmation yesterday that Germany would be backing the ECB's bond buyback program is still offering some help, while the lack of an interest rate reduction in Australia overnight has been taken as a sign of a more positive outlook in Asia; the Australian market is very dependent on China particularly. U.S. market seem to be following a similar pattern, with early premarket trade showing the S&P 500 (INDEX: ^GSPC) set to open near flat.
In this mixed session, some stocks are floating to the top. Here are three ADRs that are set to beat the S&P today.
Nokia (NYS: NOK)
The Finnish phone maker is seeing another day of gains Tuesday, up 5.4% amid news that it will unveil the first Windows 8 smartphone in September, ahead of Apple's (NYS: AAPL) iPhone announcement, which is due to take place on Sept. 12. The company has already hinted that if this latest phone does not prove to be a success, it may consider changing to a new platform.
BP (NYS: BP)
The oil giant is up 2% in London today, helped by a broader recovery in oil prices and an announcement that the company will invest $60 million in U.K.-led research into new materials and processes that could one day improve the company's deep-drilling capabilities.
This came as news emerged that workers at a BP-Pan American Energy joint venture in Argentina may resume striking tomorrow, not having accepted the extension of the current 15-day conciliation period that ends today.
ASML Holding (NAS: ASML)
The chip maker is up 1.7% in London today after it was revealed yesterday that it will receive 1.1 billion euros from Taiwan Semiconductor Manufacturing for investment in its research and development for cutting-edge equipment. At the same time, TSM will take a 5% stake in ASML's Netherland-based Veldhoven, for 832 million euros.
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The article 3 Stocks Set to Beat the S&P Today originally appeared on Fool.com.Karl Loomes does not own any share mentioned in this article.The Motley Fool owns shares of Apple. Motley Fool newsletter services have recommended buying shares of Apple. Motley Fool newsletter services have recommended creating a bull call spread position in Apple. 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.
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