Disruptor Stocks Grabbing Profit in Europe

Europe's traditional stocks look like value traps, according to Carmignac. Disruptive firms ASOS and Delivery Hero offer better returns, despite their expense

David Brenchley 25 July, 2018 | 12:21AM
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ASOS, ASOS share price, online fashion, stock picks, Carmignac

Investors should not get too excited by earnings growth in Europe and instead beware the plethora of value traps, according to Carmignac’s Malte Heininger.

After a bullish outlook at the beginning of the year, investors have begun to abandon European stocks as trade war rhetoric combines with political instability to create a worrying macro backdrop.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
adidas AG287.90 EUR0.00
ASML Holding NV563.80 EUR0.00Rating
ASOS PLC4,750.00 GBP0.00Rating
Delivery Hero SE107.95 EUR0.00
Facebook Inc A329.66 USD0.00Rating
GrubHub Inc  
Just Eat Takeaway.com NV74.85 EUR0.00Rating
LVMH Moet Hennessy Louis Vuitton SE681.10 EUR0.00Rating
Netflix Inc500.77 USD0.00Rating
Puma SE94.88 EUR0.00
Spotify Technology SA247.64 USD0.21Rating
Wayfair Inc Class A303.20 USD-1.95Rating
Zalando SE99.28 EUR0.00

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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