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Goldman: Buy Europe, sell U.S.

Jul. 21, 2015 1:21 PM ETVGK, ADRU, FEZ, IEV, EZU, SPEU, EEA, EPV, HEDJ, UPV, FEP, FEEU, FIEU, DBEU, EURL, IEUR, HEZU, FEUZ, DBEZ, HFEZ, HGEU, CHPTBy: Stephen Alpher, SA News Editor7 Comments
  • With Greece once more swept under the rug, Goldman Sachs boosts its short-term view of European stocks to Overweight from Neutral. Weakness in the euro, the ECB's QE, and accelerating growth all make the EU a buy, says Goldman.
  • Is Goldman late? After all, the Stoxx 600 has gained 9% over the last two weeks. Acknowledging some of the rally may have been missed, Goldman nevertheless says the factors are in place for European outperformance versus the U.S., which is downgraded to Underweight from Neutral.
  • ETFs: VGK, FEZ, HEDJ, IEV, EPV, EZU, FEU, EEA, EURL, FEP, UPV, DBEU, ADRU, HEZU, FEEU, IEUR, FIEU, DBEZ, FEUZ, SBEU, HFEZ, HGEU

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