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
adidas AG275.10 EUR0.00
ASML Holding NV676.30 EUR0.00Rating
ASOS PLC2,394.00 GBP0.00Rating
Delivery Hero SE112.45 EUR0.00
Facebook Inc A324.76 USD0.00Rating
Just Eat Takeaway.com NV69.67 EUR0.00Rating
LVMH Moet Hennessy Louis Vuitton SE664.80 EUR0.00Rating
Netflix Inc628.29 USD0.00Rating
Puma SE101.35 EUR0.00
Spotify Technology SA247.40 USD0.00Rating
Wayfair Inc Class A242.33 USD1.07Rating
Zalando SE79.68 EUR0.00

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk