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Maintain Higher Quality Exposure Within Europe

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The Interest Coverage strategy has positive trend, favorable breadth, and an improving factor composite score. Also, favor companies with greater price momentum, lower volatility, and cheaper free cash flow multiples. Favored Stocks Include: LVMH, Nestle, L'Oreal, Unilever, Equinor, Novartis, Roche Holding, Novo Nordisk, Safran, SAP, Compass Group, Relx, Rio Tinto, BHP Billiton.

Ned Davis Research | Stock Selection | Europe Portfolio Strategy | Monthly

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