Fidelity: L'Oreal is Defensive in a Downturn

The beauty business is one of the few sectors which managed to grow while the rest of the world suffered a global recession in 2008

Emma Wall 17 May, 2018 | 7:45AM
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Emma Wall: Hello, and welcome to Morningstar. I'm Emma Wall and I'm joined today by Sam Morse, Manager of Fidelity European Values (FEV), to give his three stock picks.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Fidelity European Trust Ord314.00 GBX0.00Rating
KONE Oyj Class B59.62 EUR0.68Rating
L'Oreal SA369.55 EUR-0.11Rating
Roche Holding AG396.00 CHF0.97

About Author

Emma Wall  is former Senior International Editor for Morningstar