European stocks are off to a strong start this year. How U.S. investors can capitalize on it

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The Europe Stoxx 600 popped 7.7% in the first quarter, outpacing the S&P 500's 7% advance.

With Eu r opean stocks off to a strong start this year, investors across the pond may want to get some exposure to that market and capitalize on the trend. European equities held up better than many investors feared heading into 2023. While concerns of an energy crisis loomed over the region toward the tail end of last year, a milder winter, as well as an earlier-than-expected reopening in China, helped European equities outperform in this year's first quarter. The Europe Stoxx 600 popped 7.

One food and beverage stock she identified as a buy is British multinational alcoholic beverage firm Diageo . The firm is a major distributor of Scotch whisky including Johnnie Walker, and its U.S.-listed shares are down more than 6% this year. As of March 31, Goldman Sachs expects the stock can rise 25%. An underappreciated tech market One corner of European markets that is more underappreciated could be the tech sector.

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