Price momentum has been the top stock-return driver within Europe over the last month, quarter, and year. Continue to favor companies with greater earnings revisions, lower accruals, and higher free cash flow yields. European stocks with favorable characteristics include: Fiat Chrysler, Statoil, Zurich Insurance, Muenchener Rueckver, Volvo, Sandvik, Persimmon, Tesco, Legal & General Group, Rio Tinto, BHP Billiton.
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