This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Bright future ahead? 2 eurozone stocks with encouraging sales trends

Mary-Lynn Cesar, Kapitall: The OECD expects growth in the eurozone to pick up later this year. Does that suggest possible upside potential for these eurozone stocks?

The 18-member eurozone will see an uptick in growth in the coming months, according to the latest readings from the Organization for Economic Cooperation and Development (OECD). The OECD’s May composite leading indicators (CLI) were published Tuesday and revealed that a rise in Italy’s leading indicators will push the currency union toward faster growth in the next six months.

[Read more from Kapitall: Why is the market ignoring these mining and energy stocks?]

Growth in France and Germany, the two largest economies in the eurozone, is expected to remain flat. Similarly, Canada, Japan, the UK, and the US will remain on pace. India’s growth is also classified as stable, making it the sole BRIC nation not projected to experience a slowdown in growth later this year. 

The OECD’s CLIs are used to determine shifts in economic activity six to nine months before they happen. To do this, the OECD compiles and analyzes indicators related to business confidence, changes in orders and inventory, financial market indicators, and key sector and trading partner data among smaller open economies. That’s why we decided to look at sales trends–inventory and accounts receivable–among eurozone stocks for our following screen.

We began with a universe of stocks headquartered in any of the 18 eurozone economies and subsequently screened for stocks with faster growth in revenue than accounts receivable year-over-year and a decrease in the portion of current assets attributable to accounts receivable during the same period.

Then we screened that group for stocks also experiencing faster growth in revenue than inventory year-over-year and a decrease in the portion of current assets attributable to inventory

We were left with two stocks on our list.

Do you think the OECD’s CLI report means these stocks can expect higher sales in the coming months? Use this list as a starting point for your own analysis.  

Click on the interactive chart to view data over time. 

1. Core Laboratories NV ( CLB): Provides reservoir description, production enhancement, and reservoir management products and services to the oil and gas industry worldwide. Market cap at $7.50B, most recent closing price at $162.78.

Revenue grew by 8.58% during the most recent quarter ($276.28M vs. $254.46M y/y).

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,472.37 +200.36 1.23%
S&P 500 1,951.36 +27.54 1.43%
NASDAQ 4,707.7750 +80.6910 1.74%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs