Head of Equity Strategy
Summary: Today's Footonomics is about Italy vs Turkey which are playing the opening match tonight in Rome on the old Olympic stadium. Italy wins on misery index, but in real life football one should never count out Turkey. On equities the match is between Enel and QNB Finansbank, which the Italian utility wins 2-1 on better equity fundamentals. Steen's and Peter's prediction is that Azzurri wins 3-1.
Match: Italy vs Turkey
Macro: The Italian job vs. Turkish Delight
As this is the first Footonomics, we will briefly describe our take on equities during the tournament. We have selected the largest publicly listed company on market capitalization for each country. Each company is scored on growth, valuation, and return on equity, and the combined fundamentals will decide the outcome of the match in equities. See the whole list of companies below. One thing to note is that the list is typical European dominated by boring value stocks. The only countries/companies that smell of the future and growth are ASML (Netherlands), Allegro.eu (Poland), and LVMH (France).
Equities: Enel vs QNB Finansbank
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