Germany’s DAX index rose over 3% yesterday after having fallen heavily in the past few weeks due to the debt crisis triggered by Greece and other weak European countries. While financials were focus of investors, non-financial firms were also thrashed in the recent sell-off. As a result, some of these non-financial stocks are now worth looking into for possible addition to one’s portfolio. Many of the German companies have strong export-based business models and so their earnings are not impacted by Greece, Italy but mostly by other countries especially by countries located outside of Europe.
Five OTC-traded German ADRs are listed below with their YTD change:
1.Company: Adidas AG (ADDYY)
YTD Change: 3.00%
Sector: Footwear
2.Company: BASF SE (BASFY)
YTD Change: -12.58%
Sector:Chemical Manufacturing
3.Company: Continental AG (CTTAY)
YTD Change: -14.84%
Sector:Auto & Truck Parts
4.Company: Hannover Rueckversicherung (HVRRY)
YTD Change: -8.43%
Sector: Reinsurance
5.Company: Linde (LNEGY)
YTD Change: -3.04%
Sector:Chemical Manufacturing
Each of the above five companies excel in their line of business. BASF is the undisputed world leader in chemical manufacturing. Hannover Re is a reinsurer which insures insurance companies. Last week Continental Tire announced plans to build a $500 million factory in South Carolina. Linde is a maker of speciality chemicals. Adidas owns the Reebok brand and is well respected around the world. In addition to footwear, the company also makes many sports-related products and clothing.
Disclosure: No positions