Near term: Rosy & Trumped

Trump tweets daily raise the bar of the unknown, of course. Still so far the European earnings outlook for 2018 and 2019 is very robust with Ebitda margins substantially above the peak of 11 year ago. In the whirlwind of Trumpian shift, we provide an anchor of 11 corporates with superior business models. Executive summary:

• European sectors: earnings and valuation review
• Our thinking lines: Sector thinking lost in digital translation
• Stock picking: 11 intriguing business models

Our Head of Research, Pierre-Yves GAUTHIER, has published his latest strategy piece entitled “Near term: Rosy & Trumped”. Request the full strategy presentation  :  click here