Investors Eye Pockets of Value in Near-Record European Markets
- Inflation buffers, oil stocks, health care, U.K. all in focus
- Stoxx 600 trades near all-time peak after nine-day winning run
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With European stocks only just off record-highs, investors are having to look harder than ever to find pockets of value.
Companies that can absorb an inflation spike are in hot demand, while many think so-called value stocks are still cheap relative to growth, even after a huge rally. Others see upside potential in laggard sectors like energy and health care, while the U.K. is a focus for many following a period of underperformance versus its European counterparts.