3 Stocks Set to Beat the S&P Today
Aug 13th 2012 8:44AM
Updated Aug 13th 2012 8:50AM
LONDON -- European equity markets are starting the week on a mixed and somewhat flat note for the most part Monday, with sentiment dented after Japan posted slower-than-expected GDP growth data overnight. This has added to concerns about the global economy following China's soft export numbers last week, although in Europe, confidence that the central bank will intervene in the debt markets and hold the euro together is muting losses. Futures trading shows U.S. indexes are set to follow a similar pattern to those in Europe, with premarket trade pegging the S&P 500 (INDEX: ^GSPC) to open down just 0.1%.
As always, within this mixed session there are some individual names that are outperforming. Here are three American depositary receipts that are set to beat the S&P today.
Coca Cola Hellenic Bottling (NYS: CCH)
The Greek bottling arm of Coca Cola (NYS: KO) is up almost 3% today, continuing to make steady gains since the last days of July. Earlier this month the company said the region of Attica approved changes to the company's internal structure, which would bring it in line with Coca Cola's operations in other countries and simplify the company without affecting customers or shareholders.
Bank of Ireland (NYS: IRE)
Bank of Ireland is bouncing back amid a surge of bargain hunting today following the last session's sharp losses. The company announced last week that its pre-tax loss almost doubled from that of the first half, causing its shares to plummet more than 6% on Friday. This has attracted some buying opportunities this morning, leading the company's shares to climb almost 2.2%.
ING Groep (NYS: ING)
The Dutch financial is up 1.5% today, boosted by two successful bond sales for the company over the past few days -- one in euros and one in yen. The company issued 10 million euros at 2.275% and 2 billion yen on a floating three-year note toward the end of last week. Meanwhile, the potential sale of its Canadian bank is keeping sentiment strong, with the deal set to be the largest the country has seen in 13 years.
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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 Bank of Ireland and Coca-Cola. Motley Fool newsletter services have recommended buying shares of Coca-Cola. 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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