3 Italian Stocks for Your Watchlisthttp://www.fool.com/investing/international/2012/04/13/3-italian-stocks-for-your-watchlist.aspx John Maxfield
April 13, 2012
Over the last few weeks, I've spent a lot of time analyzing the ongoing crisis in Europe. Unlike the economy here in the United States, which is improving, however slowly, the economy in Europe continues its downward spiral. Just last week, Spain reported that its unemployment rate rose to 23.6% in February, and data indicate an eighth straight month of contraction in the eurozone's manufacturing sector.
European equity markets have responded in kind. Over the last year, the primary Italian Index, the FTSE MIB, has lost nearly 30% of its value. With value investors in mind, I've highlighted three Italian stocks to add to your Watchlist, our free stock tracking service here at The Motley Fool.
1. Luxottica Group (NYSE: LUX ) -- Add to My Watchlist.
Luxottica is also the foremost retailer of eyewear around the world. In North America, it owns and operates a multitude of retail outlets including Sunglass Hut, LensCrafters, and Pearle Vision. And in South America, the group controls Multiopticas, a company managing more than 470 optics stores with brands like Sun Planet and Econopticas.
The stock trades for 27 times earnings, and pays a 1.3% dividend yield. It's up about 24% since the beginning of the year.
2. Eni (NYSE: E ) -- Add to My Watchlist.