You also get a decent 2.4% dividend in this European ETF, which pays its distributions quarterly. Novo Nordisk has increased its dividend every year since 2005 and pays dividends semi-annually. In June the company added cardio-renal disease therapeutics to its portfolio via the $2.1 billion acquisition of Corvidia Therapeutics. “There are several interesting late stage pipeline assets and we think newsflow around these plus Kesimpta’s launch in MS (we are 43% ahead of consensus by 2025) should mean investors are willing to take a fresh look.” Roche has paid an annual dividend since 1993 and hiked payments nearly 6% in 2020.

The highest contributing factor was energy, which rose 4.44% year over year in October, followed by food, alcohol, and tobacco, which rose 2.74% year over year in the month. The second largest European stock market barometer besides the EuroStoxx 50 is the Stoxx 50. It also includes companies from Switzerland and the UK – non-euro countries whose companies cannot be included in the EuroStoxx 50 based on the https://day-trading.info/ above principles. BP shares currently change hands for $22 and offer a dividend yield of 5.67%. In an article, Broyhill Asset Management mentioned that BP is one of the largest, best managed, and well-capitalized companies in the industry. “We also diversified our beer exposure during the quarter, adding a direct investment in Ambev (ABEV) to compliment our existing investment in Anheuser Busch Inbev (BUD).

Underpriced Energy Stocks Right Now

Morningstar Investor members have access to lists of 5-star stocks and 4-star stocks and can use the Morningstar Investor screener to find undervalued stocks based on their own criteria. Here’s the list of Morningstar’s top underpriced stock picks for the third quarter of 2023. The U.S. stock market finished the second quarter of 2023 up more than 8%, as measured by the Morningstar US Market Index. Here’s the new list of Morningstar’s top underpriced analyst picks for third-quarter 2023. Explore the range of markets you can trade – and learn how they work – with IG Academy’s free ’introducing the financial markets’ course.

This sent SAP’s share price falling, but the company’s newfound commitment to cloud computing has helped to steer it back on track. Despite taking a hit during the 2020 to 2021 lockdowns, Diageo remains the leading performer in the European beverage industry. By the end of quarter one (Q1) of 2021, its stock price had recovered to pre-Covid-19 levels, and stock values https://forexbox.info/ reached an all-time high during the summer of 2021, as pubs and restaurants opened up again. There are 37 Europe ETFs that trade in the U.S., excluding inverse and leveraged ETFs as well as ETFs with less than $50 million in assets under management (AUM). The best-performing Europe ETF, based on performance over the past year, is the iShares MSCI Turkey ETF (TUR).

ASML Holding NV (NASDAQ:ASML)

However, the company’s track record has been less impressive during the last five years when it has declined 16%. Despite the weak performance, the stock looks to be slightly undervalued right now with a price-earnings ratio of 20.8. Shareholders also benefit from a reliable dividend that currently yields 2.3%, or a quarterly payout of 52 cents per share. For this article, we first used the Finviz stock screener to list down European stocks which have posted gains in 2023 through March 23.

Just as Europeans (and the world) were recovering from the pain of the coronavirus and the lockdowns, the brutal Russian invasion of Ukraine started. This invasion shocked the global energy market and it made for a rude awakening for Europe which had come to rely on easily accessible Russian gas and oil. As nations scuttered to diversify their energy supply chains, inflation surged across the European nations. In the Eurozone area, which does not include the United Kingdom, inflation from July to December was caused primarily by soaring energy prices. In fact, data from Eurostat shows that energy inflation peaked in October 2022, when prices grew by 4.4% – more than a full percentage higher than the next biggest item which was food (2.47%). Firstly, the weak economic outlook has already been priced in, resulting in a valuation gap between European and American stocks.

Argo Blockchain plc (NASDAQ:ARBK)

This gives Sanofi full control over a promising MS treatment in Phase 3 trials, as well as another new late-stage drug for a rare autoimmune disorder that causes skin blistering. Cash for acquisitions isn’t an issue, as the company sold its $11 billion stake in Regeneron (REGN) back in May. Barchart.com takes this alpha (measure of how much a stock has changed in the one-year period) and weights this, assigning more weight to recent activity, and less (0.5 factor) to activity at the beginning of the period. Thus the weighted alpha is a measure of one year growth with an emphasis on the most recent price activity.

These drugs are coming off-patent and the company has recently begun refocusing efforts on developing more blockbusters like Dupixent. This eczema drug produces around $4 billion of annual sales and is projected to reach peak sales of $12 billion. The annual payout on the ADR shares rose 13% in 2021 to 87 cents per share. Following a lackluster fiscal 2021 performance due to pandemic-related shutdowns, Ashtead Group has rebounded strongly this year (ASHTY’s fiscal year begins in May). Rental revenues rose 20% year-over-year and EPS increased 38% in the first half of fiscal 2022. The company generates the majority of its sales from powdered and liquid beverages, pet care, nutrition products, prepared dishes and milk products and ice cream.

Vodafone Group, Plc (NASDAQ:VOD)

We selected the following undervalued European stocks based on positive analyst coverage, strong business fundamentals, robust earnings profiles, and the capacity to rebound once the market regains momentum. We have assessed the hedge fund sentiment from Insider Monkey’s database of 895 elite hedge funds tracked as of the end of the second quarter of 2022. At the end of September, a total of 13 of the hedge funds tracked by Insider Monkey were long this stock, a change of 0% from the previous quarter. In an article, Lindsell Train mentioned that UL’s e-commerce revenues were up 76% year-on-year.

• Consumers are also increasingly using Experian data to protect against fraud and identity theft and gain access to financial services.
• Unilever recently agreed to sell its global tea business, which includes the Lipton, T2 and TAZO brands, for $5.1 billion.
• Most recently, the European Dividend Aristocrat increased its payout by 13% in 2021.
• This eczema drug produces around $4 billion of annual sales and is projected to reach peak sales of $12 billion.
• While we believe the information provided herein is reliable, we do not warrant its accuracy or completeness.

Based on a report published in DW, during July, August, and September, as the rate of infections dropped and the authorities loosened lockdowns and travel restrictions. During those three months, the GDP grew by 12.7%, this was the largest increase since records started in 1995. According to the European Commission, the economy is not expected to go back to its pre-pandemic https://forex-world.net/ level” before 2023. However, the company’s share price is up nearly 30% over the past five years. The consensus view among 17 analysts who cover Airbus is that it share price should increase 62% over the next 12 months. The moat provided by its strong diabetes and obesity drug franchises has contributed to reliably rising EPS averaging 8% annually over five years.