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NewsFeeder
12-12-2013, 01:07 AM
Analysis: Europe no longer the bane of U.S. corporate profits

[Reuters] - Europe, long a scapegoat for weak earnings at U.S. multinational companies, is now looking like a more dependable source of profits, and that could make some stocks that have lagged this year's rally more enticing to investors. Big players in the technology sector, which has the highest exposure to Europe, are among those best positioned for a boost to the bottom line from the region's gradual recovery. On a price-to-earnings basis, tech as a group is nearly 8 percent cheaper than the benchmark S&P 500 index, now at its most expensive since late 2008, suggesting some tech stocks may have room to catch up. Tech names with some of the highest exposure to Europe, based on Bank of America Merrill Lynch data, have mostly underperformed this year.

http://us.rd.yahoo.com/finance/news/rss/story/*http://finance.yahoo.com/news/analysis-europe-no-longer-bane-061450555.html