Int'l Insights: Bullish Stocks
• European banks present a pullback opportunity. The industry's two-month decline is testing support, and individual names are beginning to inflect higher, ranging from UBS Group (UBS) and Commerzbank (CBK-DE) to Intesa Sanpaolo (ISP-IT) and Deutsche Bank (DB).• French banks are particularly attractive. Both BNP Paribas (BNP-FR) and Societe Generale (GLE-FR) retraced to the 9-year base patterns they broke out from earlier this year. Credit Agricole (ACA-FR) is just beginning to break out from a similar pattern. Buy.
• This is a reiteration of our original recommendation on Oct. 18, 2016.
For a trial to Vermilion Research, visit our website at www.vermilioncap.com or contact our sales team at (612) 315-4082.
Erste Group is a financial services provider based in Austria. As of Dec 31 2015, Co.'s total assets amounted to Euro199,743 million and the number of customers was approximately 16.5 million. Co.'s key business is the retail business, covering the entire spectrum from lending, deposit and investment products to current accounts and credit cards. In addition to providing financial services to private individuals, Co.'s core activities also include advisory services and support for corporate clients in financing, investment and access to international capital markets, public sector funding and interbank market operations.
Vermilion Research delivers timely, actionable, and unique research inputs to professional investors. Our research strategists highlight securities which we believe are at major inflection points, based on our various proprietary technical indicators, and offer asymmetric risk/return profiles. We believe our research methodology, which is not limited by industry sector or market capitalization, enables us to deliver superior investment recommendations.
Our process begins by organizing all actively traded stocks into coherent sectors, then into logical industry groups. We then apply our proprietary relative strength tools to identify developing price trends. Once attractive trends are identified within a selected sectors or groups, we screen for individual stocks which we believe offer the best risk/reward profile. Vermilion offers U.S. and global equity market research products. Vermilion’s research team, which has received numerous awards and accolades, has a combined 70 year of experience in the analysis of investment securities.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.