Barclays Recommends Global Stocks to Buy

Published on August 15, 2024, the financial landscape is currently experiencing notable volatility, particularly in summer markets, which are often challenging for investors. This instability may persist in the coming weeks as financial institutions, including hedge funds, engage in "degrossing," a process where they close both long and short positions. Amid this backdrop, Barclays has identified several sectors for potential growth, including financials, utilities, real estate, and cyclicals, with a specific focus on technology, retail, aerospace/defense, and chemicals. Barclays has expressed optimism about Danish transport and logistics firm DSV, predicting a robust second half of 2024. The company's shares, traded on Nasdaq Copenhagen and as an American Depository Receipt (ADR) in the U.S., have risen approximately 6.8% year-to-date. Analysts project a target price of 1,510 Danish Krone, suggesting a potential upside of around 20%, driven by strong earnings momentum and favorable structural factors. Additionally, Barclays is bullish on NatWest, whose shares have surged about 58% this year. The bank has set a target price of 460 pence ($5.9), indicating a potential upside of 36%. Analysts highlight strong company-specific factors and resilience in near-term earnings as significant positives for NatWest's equity outlook. Lastly, Renault, trading on the Euronext Paris Exchange and as an ADR in the U.S., has seen its shares increase by over 12% year-to-date. Barclays analysts note that the company's equity story is supported by strong fundamentals and positive earnings prospects.