European Stocks To Watch in Autumn 2021
Currently, it would seem at this moment that the autumn of 2021 is one of the popular times for some people to consider buying up a number of European stocks.
Naturally, there are a number of influencing factors that will have had an impact on why so many different stocks from the continent are presenting certain outcomes, with Europe beginning to show signs of normality after a rather difficult period, whilst it would also seem that there is a plan to invest greatly in renewable energy in the very near future.
At the moment, European stocks also have much lower average valuations compared to American stocks, thus making them even more appealing for some investors and traders at the moment.
Here are just some of the stocks that may be worth looking into this autumn:
One firm that has been benefitting hugely recently in demand for their products and services is the Netherlands-based company, NXP Semiconductors. They currently produce a number of chips and the automotive industry is a key market for them.
Recently, they saw their revenues increase 87% year-over-year in the second quarter of trading, whilst their overall sales for that quarter also jumped 42% YOY and up 3% compared to Q1. Furthermore, the organization’s free cash flow came in at $486 million.
There is plenty to be excited about with this manufacturer, as chips continue to be used in automobiles and at an increasing rate. They are a leading provider of battery management systems for electric vehicles and with the world looking to grow ‘greener’, they should remain high in demand.
The Kindred Group is an online gambling company that operates a number of different brand names, perhaps most notably Unibet Casino. The group has been able to provide some rather exceptional numbers over the course of 2021 already, and it could continue that way as we head into Q3.
For instance, the Kindred Group managed to report an increase of 45% in regards to the number of active customers that they have across the platforms (almost 2 million users), whilst they reported an increase of 55% in regards to Gross Winnings Revenue (£363.7 million).
On the back of NXP Semiconductors, Volkswagen is one automobile company that has been snapping up many of their chips and has been able to benefit themselves by doing so. The company’s EV line of vehicles has proven to be incredibly popular, with sales increasing 64% YOY to an impressive €67.3 billion. Over the course of the first two quarters, the organization’s net cash flow was €10.2 billion.
To highlight just how strong the EV line has been, the first four months of 2021 saw them have the fourth, seventh and 10h best-selling EV models in the world’s biggest market: China. Additionally, they saw vehicle sales go up 72% YOY in America at the same period.
With an emphasis on climate change being proposed within Europe and the banning of the sale of the traditional internal combustion engine vehicles by 2035, Volkswagen could possibly benefit greatly in the future if their EV numbers are something to go by already.
VW could also benefit in the future from Europe’s proposal that will force countries to build charging stations that are no more than 60 kilometers (37.3 miles) apart on major roads by 2025.
With this in mind and the fact that they have already managed to perform incredibly well in huge markets, with some considering to jump in on this European stock this autumn because of what could happen in the near future.
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