JPMorgan Chase & Co’s (NYSE:JPM) top European Stocks

While European market has been waning, as compared to the glorious U.S market, JPMorgan Chase & Co (NYSE:JPM) has pointed out some stocks that in Europe that, despite the decline, can turn out to be prosperous for the investors. JPMorgan Chase & Co (NYSE:JPM) indicates those stocks, which though currently may be underperforming, will turn around if the investors wait for the tables to turn. Euro is expected to do better against the dollar, which would eventually affect the exports, and aid to make them stable once again.

The first stock is of ASML HOLDING N.V (NASDAQ:ASML). ASML HOLDING N.V (NASDAQ:ASML) deals with designing, manufacturing and operating equipment used for the fabrication of circuits or chips all around the world. ASML HOLDING N.V (NASDAQ:ASML) is inclined towards smaller, inexpensive yet more powerful products. ASML HOLDING N.V (NASDAQ:ASML) pay its investors a small dividend of 0.7 percent. The market consensus for ASML HOLDING N.V (NASDAQ:ASML) is 93.71 dollars. ASML HOLDING N.V (NASDAQ:ASML) closed above the estimated price, at 103.86 dollars. ASML HOLDING N.V (NASDAQ:ASML) is a stock to buy because it has the ability to grow with time, as demonstrated by its ability to beat market consensus.

Nokia Corp. (NYSE:NOK) used to be one of the grandest stocks when it came to the smartphone market, but with time it has slowed down because of the influx of new, high end and innovative smartphones, especially the glorious rise of Apple. Microsoft (NASDAQ:MSFT) bought Nokia Corp. (NYSE:NOK)’s devices and services division for 7.2 billion dollars. Since then the company’s downward spiral has reversed somewhat. Nokia Corp. (NYSE: NOK) announced that the expected sales for 2015 will beat what it made this year. The market consensus price was 9.59 dollars but Nokia Corp. (NYSE:NOK) closed at 7.93 dollars. Analysts still believe that Nokia Corp. (NYSE:NOK)’s stock has the ability to surge upwards as the sales grow.

Novartis A.G. (NYSE:NVS) doesn’t need any introduction. It is the world’s biggest drug maker when it comes to sales and analysts are vouching for the pharma company to ascend in the coming times. There are numerous drugs in the pipeline, such as the blood pressure lowering drugs which has gotten positive initial reviews. The blood pressure drug could draw big money for the company. Novartis A.G. (NYSE:NVS) gives out 2.9 percent dividend to its investors. The market consensus for Novartis A.G. (NYSE:NVS) is 100.09 dollars but Novartis A.G. (NYSE:NVS) closed at 95.58 dollars.

ING provides services such as investment, life insurance, and banking for individuals, corporations and governments. The operation is retail based in Netherland, Belgium, Germany and some other countries. ING can be paid through saving accounts, products; it also offers businesses, mortgages etc.

Consensus price for ING is 14.71 dollars while ING closed at 14.28.

These aforementioned stocks, pointed by JPMorgan Chase & Co (NYSE:JPM) are capable enough to grow in the oncoming times, despite the fact that the European market is currently waning. In fact these stocks will be the reason European market starts flourishing.