The following table lists the most traded ten European ADRs in the US exchanges based on the daily trading volume:
[TABLE=5]
ING and UBS are the two financials in this group.UBS suspended its dividend few months ago after heavy write-downs due to losses in the credit mess.So its not surprising that the stock is down nearly 60%.
Nokia was named as one of “The top 100 brands in the world” in the latest edition of BusinessWeek.
Total Fina (TOT), ING, NOK and ABB may good long-term stocks that
are attractive at these levels.
Long: ING,ABB