Europe: Finally Showing Signs of Growth

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July 24 (Bloomberg) -- On today's "Insight & Action," Adam Johnson looks at the European economy on Bloomberg Television's "Street Smart." (Source: Bloomberg)

Europe is finally, finally showing signs of growth.

Time for some insight and action.

Let me show you we're talking about.

We got a key piece of information, the purchasing managers' index coming out of your.

Again, it is not huge.

50.1. above 50 is expansion, below 50 is a contraction.

It came in at 50.1. it has been two years since we have seen growth, than it has been difficult to find growth anywhere in the country.

China, they, too, are 50.1. china is going down.

A similar story in mexico and brazil.

Here in the united states, we are 50.9. do you get the picture?

Growth is hard to find.

As such, we decided to take that and find out who the leaders are.

As it turned out, there are not many of them.

I am showing six, and i am giving you the tickers because you probably have not heard of these before.

You are seeing earnings growth of 24% at aberti telecom.

Andritz paper, and the industrial rolls royce, the guys that make the engines, and technip, which is construction.

This is what is especially interesting.

The stocks among these are doing better than the s&p 500, up 23.6%. if you think you cannot find growth in europe, you are actually wrong.

We found 24 companies, and, again, they are outperforming the u.s.. instead of posting to twitter, i am going to tell you to go somewhere else.

Bloomberg.com/insight andaction.

You can actually find growth.

Thank you for that, adam.

This text has been automatically generated. It may not be 100% accurate.

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