- With European stocks moving back into favor, JPMorgan offers up its 32 top picks.
- The broad thesis suggests rising yields - rather than being a headwind to equities - are a good thing as they'll "jumpstart the long-awaited reversal in flows" from fixed income to stocks. The team also prefers value over growth, suggesting 6 years of value underperformance is about to change. Stay away from defensive sectors - telecoms, staples, healthcare, utilities - as they display a negative correlation to bond yields.
- Among the picks: TOT, RIO, EADSY.PK, EADSF.PK, BAYRY.PK, AZSEY.PK, SCGLY.PK, UBS, ESYJY.PK, VLKAY.PK, PUBGY.PK.