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The author of Stockerblog worked for over 20 years in the financial industry as a stockbroker, investment advisor, Vice President of a San Francisco money management firm, mutual fund wholesaler, and market maker on the Pacific Stock Exchange. He has written articles for the Bond and Share... More
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  • Participate In The Italian Economic Turnaround With Italy Stocks  0 comments
    Aug 15, 2013 12:58 AM | about stocks: E, EWI, LUX, TI

    Having just returned from a vacation to Rome, I can tell you that tourism in Italy is very, very strong. According to the Italian Economy Minister Fabrizio Saccomanni, Italy's economy should emerge from its slump "By the end of this year." It may be hard to believe, but even with the volatility and ups-and-downs in the Milan stock market, the iShares MSCI Italy Capped Index (EWI), which has a goal of tracking the MSCI Italy 25/50 Index, outperformed the S&P 500 during the last twelve months, rising 23.3%.

    According to the free list of Italy stocks at WallStreetNewsNetwork.com, there are ten Italian stocks that trade regularly in the US, with four of them paying dividends, ranging from 1.1% to 4.9%.

    One example is Eni SpA (E), an oil and gas exploration and production company which trades on the New York Stock Exchange with the single letter stock ticker symbol 'E'. The stock trades at 11.1 times trailing earnings and 8.9 times forward earnings. The company pays a generous yield of 4.9%, payable semi-annually. Earnings for the latest quarter ended June 30, 2013 were up 21.1%.

    Another dividend paying Italian stock is Luxottica (LUX), which also trades on the New York Stock Exchange. This is the world's largest eyewear company, which sells brands that include Ray-Ban, Chanel, Prada, Giorgio Armani, Burberry, Versace, Vogue, and Donna Karan. The company also owns numerous retail outlets, such as Sunglass Hut International, LensCrafters, Pearle Vision, Sears Optical, and many others. The stock has a trailing price to earnings ratio of 34.3, and a forward P/E of 25.6. The dividend yield is 1.1%, payable annually.

    Telecom Italia (TI), the largest telecommunications company in Italy, also pays a dividend, generating a yield of 3.0%.

    To see all the other major Italian stocks that trade in the United States, go to WallStreetNewsNetwork.com. The list can be downloaded, sorted, and updated.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: Italian stocks, Italy Stocks: E, EWI, LUX, TI
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