Tag Archives: telecoms

Autos are strategists’ favourite European stock picks

With central banks remaining in easy monetary policy mode and with signs of a recovery – most notably in the US and the UK but also to some extent in the eurozone – visible, analysts have been betting on stocks rather than bonds, at least until the end of the year.

Rotation between sectors is “extremely frequent” as investors try to get additional gains before the year-end by switching to underperforming sectors, strategists at Libra Investment Services said.

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Sell European Utility Stocks, Buy UK Ones: Strategists

Italian utility Enel has a 20 percent premium to intrinsic value and analysts at Libra Investment Services reiterated their call to take profits.

But this time they were optimistic on UK utility stocks, battered after Labour party politicians’ calls for more regulation and caps on price rises.

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