3 Stocks Set to Beat the S&P Today

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LONDON -- European benchmark indexes have been trading flat to slightly high this morning, with action somewhat muted ahead of the EU rate decision at 9:45 a.m. EDT. Expectations are now for a 25-basis-point cut to a record low of 0.75%. This comes ahead of the key U.S. nonfarm payroll data tomorrow, which is coming more into focus this side of the Independence Day holiday. So far, U.S. markets are showing a similar lack of direction in early premarket trade, with the S&P 500 (INDEX: ^GSPC) set to open flat.

Despite this lack of direction, however, there are still a number of names that are outperforming. Here are three ADRs set to beat the S&P today.

ING Groep
Dutch financial ING Groep (NYS: ING) is making good headway in Europe this morning, helped after it successfully issued 1.5 billion euros in three-year bonds yesterday at a coupon rate of 2.125%. These gains come despite news that Hungarian regulator PSZAF has won its lawsuit against the company's pension unit, for which ING must now refund several billion forint in fees to former and current members.


Siemens
Siemens
(NYS: SI) has been making decent gains in Europe today, climbing higher amid some broader gains in the renewable-energy sector and after news a few days ago that EnBW will be paying 500 million euros for what it calls "the world's most efficient gas power station" -- a 595 MW plant to be built by Siemens in Dusseldorf and expected to come into commercial operation in early 2016.

BP
In London, BP (NYS: BP) has been making steady progress this morning after news that the BP-led Shah Deniz group will be buying a large stake in the pipeline it will select to deliver Azeri gas to Europe from the Turkish border. This comes after Azerbaijan and Turkey agreed last month to build a 2,000 km trans-Antolia gas pipeline, known as Tanap, to ship Azeri gas to Europe through Turkey.

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. If you want to know why Buffett has bought into 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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At the time this article was published Karl does not own any share mentioned in this article. The Motley Fool has adisclosure policy. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days.

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