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Aug. 10, 2021, 10:54 a.m. EDT

Europe stocks have been on a winning streak. Here are a few stock ideas from Jefferies

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By Barbara Kollmeyer

European stocks were modestly higher on Tuesday, but set for a seventh straight day of gains. U.S. based investment bank, Jefferies Group, meanwhile, has laid out some fresh stock picks for investors who want to play the region.

Equity analyst Raj Jilka highlighted six new high conviction ideas that have been added to the current batch of names that include miners Glencore /zigman2/quotes/201400686/delayed UK:GLEN -2.65% and Anglo American /zigman2/quotes/201381512/delayed UK:AAL -1.99% , Barclays /zigman2/quotes/206581728/composite BCS -1.69% /zigman2/quotes/208409333/delayed UK:BARC -1.65% , home builder Berkeley Group Holdings /zigman2/quotes/202576163/delayed UK:BKG +1.14% and sports betting group Flutter Entertainment /zigman2/quotes/206709455/delayed IE:FLTR -2.37% .

Shares of Flutter climbed 8.5%, as one of the biggest gainers Tuesday after the company reported pretax profit more than tripled in the first half of the year, and that its performance exceeded internal expectations.

As for the new stock picks, Jilka named food delivery group Delivery Hero /zigman2/quotes/208380525/delayed XE:DHER -3.15% , hearing-aid manufacturer Gn Store Nord /zigman2/quotes/202894664/delayed DK:GN -0.07% , payments specialist Nexi /zigman2/quotes/211331628/delayed IT:NEXI -6.64% , drug company Sanofi /zigman2/quotes/206928357/delayed FR:SAN +0.14% /zigman2/quotes/201967021/composite SNY -0.78% , Shell /zigman2/quotes/205095589/composite RDS.A +2.27% /zigman2/quotes/204253697/delayed UK:RDSB -0.90% and UBS /zigman2/quotes/206172872/composite UBS +0.45% .

“The current list has an average [market cap] of €48 billion and 40%upside to JEF price targets. Valuations remain attractive with price/book trading at a 13% premium to the five-year average and a 5% discount to the benchmark on a full-year 2022 price/earnings basis,” said Jilka.

As for the trading day, the Stoxx Europe 600 /zigman2/quotes/210599654/delayed XX:SXXP -0.36% rose 0.3% to 472.28, marking the seventh consecutive day of gains, but the biggest daily rise in that string was a 0.6% rise last week.

The euro /zigman2/quotes/210561242/realtime/sampled EURUSD +0.0259% , meanwhile, slipped after the German August ZEW survey of expectations decreased to 40.4 in August from 63.3 in July. The reading missed economists’ forecast of 57.5 points taken from a survey by The Wall Street Journal.

“Current conditions remain strong but it would appear that concerns around slowing Chinese growth and the anticipated next wave of Covid is responsible for the downbeat expectations, despite high vaccination numbers,” said Craig Erlam, senior market analyst, OANDA Europe, in a note to clients.

Elsewhere, shares of Munich Re /zigman2/quotes/208921893/delayed XE:MUV2 +1.53% rose 1.6% after the reinsurer reported higher net profit in the second quarter and raised its full-year target for gross premiums. Coronavirus-related losses for the quarter came to EUR241 million, the company said.

Fellow delivery groups HelloFresh /zigman2/quotes/203376622/delayed XE:HFG -4.28% and Deliveroo /zigman2/quotes/225812915/delayed UK:ROO +3.79% were also big gainers, up around 8% each.

Several banks were losing ground on Tuesday, with heavily weighted HSBC /zigman2/quotes/208272822/composite HSBC -0.98% /zigman2/quotes/203901799/delayed UK:HSBA -0.55% dropping 1.4%.

/zigman2/quotes/201400686/delayed
UK : U.K.: London
360.10 p
-9.80 -2.65%
Volume: 41.67M
Oct. 27, 2021 4:35p
P/E Ratio
32.95
Dividend Yield
2.43%
Market Cap
£48.67 billion
Rev. per Employee
£765,499
loading...
/zigman2/quotes/201381512/delayed
UK : U.K.: London
2,762.50 p
-56.00 -1.99%
Volume: 2.78M
Oct. 27, 2021 4:35p
P/E Ratio
6.97
Dividend Yield
6.36%
Market Cap
£34.60 billion
Rev. per Employee
£253,662
loading...
/zigman2/quotes/206581728/composite
US : U.S.: NYSE
$ 11.08
-0.19 -1.69%
Volume: 2.67M
Oct. 27, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
1.46%
Market Cap
$47.01 billion
Rev. per Employee
$426,514
loading...
/zigman2/quotes/208409333/delayed
UK : U.K.: London
199.46 p
-3.34 -1.65%
Volume: 28.21M
Oct. 27, 2021 4:35p
P/E Ratio
N/A
Dividend Yield
1.50%
Market Cap
£34.09 billion
Rev. per Employee
£332,602
loading...
/zigman2/quotes/202576163/delayed
UK : U.K.: London
4,366.00 p
+49.00 +1.14%
Volume: 238,924
Oct. 27, 2021 4:35p
P/E Ratio
12.12
Dividend Yield
0.23%
Market Cap
£4.85 billion
Rev. per Employee
£814,122
loading...
/zigman2/quotes/206709455/delayed
IE : Ireland: Dublin
169.05
-4.10 -2.37%
Volume: 193,378
Oct. 27, 2021 4:30p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
€30.29 billion
Rev. per Employee
€335,440
loading...
/zigman2/quotes/208380525/delayed
XE : Germany: Xetra
110.65
-3.60 -3.15%
Volume: 345,007
Oct. 27, 2021 6:30p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
€28.51 billion
Rev. per Employee
€69,576
loading...
/zigman2/quotes/202894664/delayed
DK : Denmark: OMX
kr. 422.70
-0.30 -0.07%
Volume: 329,453
Oct. 27, 2021 4:59p
P/E Ratio
27.02
Dividend Yield
0.34%
Market Cap
kr.54.61 billion
Rev. per Employee
kr.2.06M
loading...
/zigman2/quotes/211331628/delayed
IT : Italy: Milan
16.44
-1.17 -6.64%
Volume: 3.41M
Oct. 27, 2021 5:35p
P/E Ratio
75.27
Dividend Yield
N/A
Market Cap
€18.32 billion
Rev. per Employee
€829,475
loading...
/zigman2/quotes/206928357/delayed
FR : France: Euronext Paris
85.77
+0.12 +0.14%
Volume: 1.74M
Oct. 27, 2021 5:38p
P/E Ratio
18.62
Dividend Yield
3.73%
Market Cap
€107.51 billion
Rev. per Employee
€362,542
loading...
/zigman2/quotes/201967021/composite
US : U.S.: Nasdaq
$ 49.57
-0.39 -0.78%
Volume: 2.13M
Oct. 27, 2021 4:00p
P/E Ratio
18.05
Dividend Yield
2.76%
Market Cap
$124.65 billion
Rev. per Employee
$413,288
loading...
/zigman2/quotes/205095589/composite
US : U.S.: NYSE
$ 49.97
+1.11 +2.27%
Volume: 16.96M
Oct. 27, 2021 4:00p
P/E Ratio
35.34
Dividend Yield
2.54%
Market Cap
$189.28 billion
Rev. per Employee
$1.95M
loading...
/zigman2/quotes/204253697/delayed
UK : U.K.: London
£ 1,768.00
-16.00 -0.90%
Volume: 6.55M
Oct. 27, 2021 4:35p
P/E Ratio
35.73
Dividend Yield
0.04%
Market Cap
£137.25 billion
Rev. per Employee
£1.52M
loading...
/zigman2/quotes/206172872/composite
US : U.S.: NYSE
$ 18.04
+0.08 +0.45%
Volume: 2.78M
Oct. 27, 2021 4:00p
P/E Ratio
8.45
Dividend Yield
2.03%
Market Cap
$62.58 billion
Rev. per Employee
$450,560
loading...
/zigman2/quotes/210599654/delayed
XX : STOXX
474.04
-1.70 -0.36%
Volume: 0.00
Oct. 27, 2021 11:03p
loading...
/zigman2/quotes/210561242/realtime/sampled
US : Tullett Prebon
1.1606
+0.0003 +0.0259%
Volume: 0.0000
Oct. 28, 2021 12:13a
loading...
/zigman2/quotes/208921893/delayed
XE : Germany: Xetra
255.40
+3.85 +1.53%
Volume: 341,304
Oct. 27, 2021 6:30p
P/E Ratio
16.96
Dividend Yield
3.84%
Market Cap
€35.24 billion
Rev. per Employee
€1.68M
loading...
/zigman2/quotes/203376622/delayed
XE : Germany: Xetra
76.00
-3.40 -4.28%
Volume: 704,779
Oct. 27, 2021 6:30p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
€13.78 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/225812915/delayed
UK : U.K.: London
£ 276.80
+10.10 +3.79%
Volume: 4.38M
Oct. 27, 2021 4:35p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
£4.94 billion
Rev. per Employee
£578,058
loading...
/zigman2/quotes/208272822/composite
US : U.S.: NYSE
$ 30.42
-0.30 -0.98%
Volume: 1.47M
Oct. 27, 2021 4:00p
P/E Ratio
10.96
Dividend Yield
3.58%
Market Cap
$125.95 billion
Rev. per Employee
$330,477
loading...
/zigman2/quotes/203901799/delayed
UK : U.K.: London
444.70 p
-2.45 -0.55%
Volume: 17.75M
Oct. 27, 2021 4:35p
P/E Ratio
11.07
Dividend Yield
3.60%
Market Cap
£91.33 billion
Rev. per Employee
£257,711
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