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European Stocks ‘Strong,’ Strategas Lists 24 Favorite Stocks 2014-01-21 13:08:36.863 GMT
By Andrew Cinko Jan. 21 (Bloomberg) -- While S&P 500 remains “choppy” and percentage of S&P stocks below their 50-DMA continues to grow, European stocks are strong with Consumer Discretionary stocks far outpacing defensive Consumer Staples companies, writes Strategas technical analyst Chris Verrone in note. * European stocks at new highs is “very strong,” says expanding new highs “rarely” occurs near market tops * Lists top 24 European stocks: * ABB Ltd., Accor, Adecco, Akzo Nobel, Allianz, Atos, Aviva, AstraZeneca, Barratt Developments, BMW, Daimer, Deutsche Bourse, JCDecaux, Exor, Ferrovial, Geberit, ING Groep, Kaba Holding, Lafarge, Porsche, Renault, Swisscom, SEB, Zardoya
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To contact the reporter on this story: Andrew Cinko in New York at +1-609-279-4533 or cinko@bloomberg.net