I'm looking to slowly thin out the % of my portfolio in US equities but honestly I am not really sure where to look in terms of Europe.
I have a holding in LVMH but their results today saw a 3% fall in year on year first quarter sales and tariff uncertainty has led estimates for luxury sales to be downgraded from positive growth to a decline. Their shares are down 20% or so YTD and I don't see immediate recovery.
Rheinmetall AG is going to see a surge in business but I am not sure whether I missed the boat on them given they are up 146% YTD.