Mateusz Zdyb @MateuszZdyb: "Ursula von der Leyen just..."

France

Ursula von der Leyen just stated that the EU must "act immediately" to respond to new challenges. She noted, "Whether on energy or raw materials, defense or digital—we are moving fast." Investment Implications: > I am bearish on US defense ($LMT) and Big Tech ($GOOG, $AMZN (Amazon.com Inc), $MSFT (Microsoft)), and bullish on EU industry ( $RHM.DE (Rheinmetall AG) , $HO.PA (Thales Group) , $DRS (Leonardo Drs Inc) , $AM.PA (Dassault Aviation SA) ). Bearish meaning i do not expect its share prices drop like a stone, but the growth potential might be permanently dampened. There are increasingly clear signals that the process of decoupling from US dependencies is already underway. As soon as eToro adds OVH Groupe to its traded equities, I plan to add it immediately, as they are a clear EU leader in cloud infrastructure. ps. picture courtesy Gemini