After a tough year of political uncertainty and economic challenges, the Italian stock market is expected to make its comeback in 20191. Slowly but steady, it will regain its place in the top European markets! Find out more about the hottest Italian stocks you should consider investing in this year.
1. Eni Stock – the oil & gas giant
Eni was founded in 1953 from an existing company, Agip, which is now its subsidiary. Eni grew to become one of the most prominent names in the oil & gas industry and is currently operating through 5 subsidiaries (Eni UK, Agip, Eni Gas & Power, the chemical company Versalis, the oil and gas industry contractor Saipem), in over 79 countries. The company engages in a lot of business segments, including the refining and selling of products at retail markets in Europe, being the leader operator in Italy. It is also performing in the petrochemical and electricity generation segments (gas, electricity, and crude oil).
Eni is considered one of the world’s largest publicly-traded oil and gas companies, and has an appealing financial health, with a positive earnings growth of 5 years and counting. Moreover, the earnings growth rate is expected to reach 3.2% in the next three years2! When it comes to the market value of shares; it ranks eighth, way above its competitors. The Eni stock is a FTSE MIB stock market index component and can be traded on the Italian Stock Exchange (BIT: ENI), as well as on the New York Stock Exchange (NYSE: E).
2. UniCredit Stock – a worthy long-term investment
The UniCredit stock is publicly-listed and traded on three exchanges: the Italian Stock Exchange (BIT: UCG), the Frankfurt Stock Exchange (FWB: CRI), and the Warsaw Stock Exchange (WSE: UCG). It is also a component of the reputable EURO STOXX 50 and FTSE MIB stock market indices. The company has a growth rate percentage above the Italian Market average and is expected to have an annual growth of 13.4% in the following years3. Unicredit stock can be evaluated as a great trading opportunity on the long-term, but you need to find a licensed and trustworthy broker to trust with this investment. TradeFW.com is a licensed and regulated investment firm that can provide you with a secure and professional trading environment. If you’re planning to invest in the Italian stock market, then TradeFW is the broker you need!
3. Fiat Stock – one of the world’s largest automobile brands
The iconic Italian automobile manufacturer Fiat was founded in July 1899, by Giovanni Agnelli. Over the years, the automotive giant remained one of the world’s top automobile manufacturers and the largest one in Europe. In October 2014, it became Fiat Chrysler Automobiles (FCA), after the merge of Fiat S.p.A and the American company Chrysler Group LLC; and managed to maintain its leadership position. The company has now a total of six operational segments and some of its major brands are Maserati, Jeep, Dodge, and Ram Trucks. On the stock market, Fiat is performing just as well. It is publicly-listed and traded on the Italian Stock Exchange (BIT: FCA), the New York Stock Exchange (NYSE: FCAU) and is also a FTSE MIB stock market index component.
4. Luxottica Stock – the largest eyewear company in the world
Founded in 1961 by Leonardo Del Vecchio, Luxottica Group S.p.A. is now the world’s largest eyewear company. It designs, manufactures, distributes and sells its eyewear brands, including the famous LensCrafters, Ray-Ban, Oakley, and Persol. What started as a small company is now one of the most valuable and well-performing stocks on the Italian market. Luxottica is publicly-listed and traded on the Italian Stock Exchange (BIT: LUX) and is also a FTSE MIB market index component.
5. Ferrari Stock – the iconic luxury sports car manufacturer
Ferrari was founded by Enzo Ferrari 79 years ago, in Modena, Italy. The Italian sports car brand designs, manufactures and sells products that are perceived as a symbol of speed and wealth. In 2014, Ferrari was rated the most powerful brand in the world by Brand Finance and four years later, the 1964 250 GTO model became the most expensive car in history, with a record selling price of $70 million4. The luxury company is publicly-listed and traded on the Italian Stock Exchange (BIT: RACE), on the New York Stock Exchange (NYSE: RACE), and is a FTSE MIB Component.
The Italian market is getting its ‘charm’ back. The companies are some of the largest in the world and experts predict they will grow even more in the following years.
- UniCredit Media Relations , “UNICREDIT : Central and Eastern Europe will maintain a healthy growth pace in 2019”, Jan, 2019, marketscreener.com, https://www.marketscreener.com/UNICREDIT-SPA-33364083/news/UNICREDIT-Central-and-Eastern-Europe-will-maintain-a-healthy-growth-pace-in-2019-27870149/
- dumbfunded.co.uk, “Eni S.P.A. – Company Profile”, Jan, 2019, dumbfunded.co.uk, https://www.dumbfunded.co.uk/investing/eni-company-profile/
- simplywall.st, “UniCredit”, https://simplywall.st/stocks/it/banks/bit-ucg/unicredit-shares
- Tom Davidson, “Classic Ferrari 250 GTO becomes most expensive car in the world after selling for staggering £52 million”, Jun, 2018, mirror.co.uk, https://www.mirror.co.uk/news/world-news/classic-ferrari-250-gto-becomes-12633244