Why Thomas Cook and Galliford Try Should Beat the FTSE 100 Today
LONDON -- After two sessions of losses in a row, the FTSE 100 is taking back some ground today, up 0.7% to 6,571 as of 8:10 a.m. EDT. Today it seems the markets are feeling more confident about worldwide economic-stimulus measures -- though, in the long term, the economy will have to be left to its own devices, so Foolish investors should be looking beyond such things.
With such a modest start to the day, which shares look like they may beat the FTSE today? Here are two candidates from the various indexes.
Thomas Cook Group shares have picked up 0.6% to 144 pence after a vote at yesterday's AGM supported the travel firm's refinancing plans, and this morning the company announced that its capital reorganization, as announced on May 16, is complete. There is no change to the number of ordinary shares into which outstanding warrants may be converted, and there will be a further announcement regarding a recently announced placement in due course.
From the brink of disaster, Thomas Cook shares have now more than eight-bagged over the past 12 months.
Homebuilder and construction firm Galliford Try has seen its shares rise 0.8% to 955 pence on the announcement of a new refurbishment contract in central London. In a deal worth £36 million, the firm will refurbish the Triton Court office block in Finsbury Square, providing 220,000 square feet of office space and 22,000 square feet of retail space.
Although they have fallen back a little in recent weeks, Galliford Try shares, like those of others in the sector, have had a great 12 months: They're up more than 60% now.
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The article Why Thomas Cook and Galliford Try Should Beat the FTSE 100 Today originally appeared on Fool.com.Alan Oscroft has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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