'Greater tailwind than the U.S.': Morningstar strategist likes these 7 European stocks

📆 4/24/2024 6:08 PM
📰 CNBC

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'There could ... be a greater tailwind for European equities than those in the U.S.,' Michael Field says.

Attractive returns and the breadth of opportunities are among the many reasons why investors have historically preferred investing in the U.S. to investing in Europe. One strategist, however is looking keenly at European equities, and notes that "Europe isn't a boring market." "There's a huge number of growth stocks just have to dig a little bit deeper than in the U.S.

"While you might see some kind of short-term downturn, in the longer-term the picture is very positive for the sector," Field added. Another pick from the sector is the five-star-rated Swiss luxury watch and jewelry label Swatch Group . Field said the luxury sector is a "great" one to be in.

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