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JPMorgan published its list of falling pricing power losers of the Stoxx 600 (STOXX) -- companies at risk as pricing deteriorates.
These are stocks that have seen significant margin expansion since 2019 through strong pricing power, but that now appear to be “too stretched” and are at risk of contracting as pricing deteriorates, according to JPM analysts.
These are the stocks:
- WPP Plc (WPP)
- Publicis Groupe SA (OTCQX:PUBGY)
- Cie Generale des Etablissement [not covered]
- The Swatch Group AG (OTCPK:SWGAY)
- Mercedes-Benz Group AG (OTCPK:MBGAF)
- Ferrari N.V. (RACE)
- Bayerische Motoren Werke (OTCPK:BMWYY)
- Cie Financiere Richemont SA (OTCPK:CFRHF)
- LVMH Moet Hennessy - Louis Vuitton SE (OTCPK:LVMHF)
- Hermes International SCA (OTCPK:HESAY)
- Burberry Group Plc (OTCPK:BURBY)
- Kering SA (OTCPK:PPRUF)
- Moncler S.p.A. (OTCPK:MONRF)
- Whitbread Plc (OTCPK:WTBCF)
- BP p.l.c. (BP)
- Shell Plc (SHEL)
- TotalEnergies SE (TTE)
- Eni S.p.A. (E)
- Mediobanca Banca di Credito Finanziario S.p.A (OTCPK:MDIBF)
- Rheinmetall AG (OTCPK:RNMBF)
- DSV A/S (OTCPK:DSDVF)
- VAT Group AG (OTCPK:VACNY)
- Daimler Truck Holding AG (OTCPK:DTRUY)
- Volvo AB (OTCPK:VOLAF)
- STMicroelectronics N.V. (OTCPK:STMEF)
- Infineon Technologies AG (OTCQX:IFNNY)
- ArcelorMittal S.A. (OTCPK:AMSYF)
- Svenska Cellulosa Aktiebolaget SCA (OTCPK:SVCBF)
- British American Tobacco p.l.c. (BTI)
- Coca-Cola HBC AG (OTCPK:CCHBF)
- Beiersdorf Aktiengesellschaft (OTCPK:BDRFF)
- Imperial Brands Plc (OTCQX:IMBBY)
- SSE Plc (OTCPK:SSEZF)