Banking Stocks, Barclays Fuels Ferrari, Sportswear Sinks
On this episode of Stock Movers:- The rally in European banking stocks shows few signs of cooling down after another stellar quarter. The Stoxx 600 Banks Index has surged 25% this year, its best three months since 2020. That’s made it the top-performing sector in Europe by far as investors keep increasing their exposure, and strategists see more gains ahead. - Ferrari gets buy-equivalent ratings at Barclays and Kepler Cheuvreux after the Italian sportscarmaker confirmed its financial guidance for the year following a recent share-price slide. Both brokers cited the firm’s…
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