After last year’s rally, European equities trade at elevated valuations; a strengthening EU economy and meaningful earnings growth will be the key to further appreciation. We take profits on a number of names we highlighted last fall and highlight our top three European stocks for the coming year.
Central banks' accommodative monetary policies, coupled with accelerating economic activity in the US and the recovery under way in the eurozone, should benefit emerging markets, especially those that rely heavily on exports to these regions.
Investor sentiment toward Europe remains subdued, despite signs of economic improvement and an uptick in insider buying of European equities. Here are our top stock picks to play this underappreciated recovery.
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