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

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 AG244.40 EUR0.00
ASML Holding NV332.75 EUR0.00
ASOS PLC3,472.00 GBP0.00
Carmignac Pf L-S Eurp Eqs F GBP Acc183.94 GBP-0.85
Delivery Hero SE99.78 EUR0.00
Facebook Inc A233.42 USD0.00
GrubHub Inc69.87 USD0.00
Just Eat PLC  
LVMH Moet Hennessy Louis Vuitton SE401.85 EUR0.00
Netflix Inc476.89 USD0.00
Puma SE70.66 EUR0.00
Spotify Technology SA271.49 USD0.00
Takeaway.com NV94.18 EUR0.00
Wayfair Inc Class A214.10 USD0.00
Zalando SE66.16 EUR0.00

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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