3 Shares Set to Beat the FTSE Today
LONDON -- The FTSE 100 is having a brighter day than yesterday, up 0.34% points to 5,932, as European stock markets are responding optimistically to current U.S. "fiscal cliff" negotiations. But to put the rise into perspective, we're only back to where we were last Thursday.
Still, some individual constituents of the FTSE indexes are outperforming today. Here are three names that are rising and look set to beat the market today.
Quindell Portfolio has seen its shares perk up 11.8% to 14 pence today after the software developer said its full-year results should be "significantly ahead of market expectations." The fourth quarter was, apparently, stronger than hoped, with sales volumes increasing nicely. Quindell has also received approval from the Solicitors Regulation Authority to act as an "Alternative Business Structure" for legal services.
The shares are currently up about 150% since July, having actually fallen back from their three-bagger status during the past month.
It seems to be a good day for software companies, as CAD/CAM specialist Delcam has gained as well, rising 5.6% to 921.5 pence. And the reason is similar to Quindell's: A trading update says its performance will beat expectations. Full-year sales are expected to hit a company record of about 46 million pounds, with pre-tax profit ahead of the 4.3 million pounds currently being forecast by the City.
It's been a great year for shareholders, too, with the price up 70% since January.
Shanta Gold, the gold miner based in East Africa, saw a little respite from a sliding share price today with a 2% rise to 18.5 pence. The firm has secured a $30 million medium-term debt facility with FBN Bank, which will be used to help cover monthly payments on two smaller loans.
In addition to the firm's recent October placing, the new borrowing facility is hoped to be sufficient to cover the cost of increased production at Shanta's New Luika project.
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The article 3 Shares Set to Beat the FTSE Today originally appeared on Fool.com.Alan Oscroft 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.