S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
'Civil War’ continues box-office campaign at No. 1
New York lawmakers pass $237 billion budget with policies to jump-start housing market
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
'Civil War’ continues box-office campaign at No. 1
New York lawmakers pass $237 billion budget with policies to jump-start housing market
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
'Civil War’ continues box-office campaign at No. 1
New York lawmakers pass $237 billion budget with policies to jump-start housing market
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
'Civil War’ continues box-office campaign at No. 1
New York lawmakers pass $237 billion budget with policies to jump-start housing market

Should You Bring The Luck Of The Irish To Your Investmets?

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stocks to watch

Key Points

  • An index of Irish stocks, which you can purchase with an ETF, is outperforming the S&P 500, with a year-to-date gain of 12.22%, versus the S&P 500’s 2023 return of 1.79%.
  • One prominent Irish company, Flutter Entertainment, is the owner of FanDuel. Flutter has hinted that it may seek a listing on a U.S. exchange. It's currently available over the counter.
  • Ireland's Ryan Air is a standout among its home country stocks and within the broad global airline industry, as it's outperforming major U.S. carriers. 

  • 5 stocks we like better than CRH

For St. Patrick’s Day, you might crack open a Guinness brewed by Diageo PLC NYSE: DEO. If that inspires you to investigate how Irish stocks may fit into your portfolio, you have quite a few to choose from. 

We’ll review a few top performers listed on major U.S. exchanges.

While Guinness is one of the most prominent products of Ireland, there are several U.S.-listed Irish stocks worth celebrating as the world devotes a day to Irish culture. Diageo is based in the U.K., which is not always a selling point among true Ireland aficionados. 

It’s possible to buy a basket of Irish stocks by using the iShares MSCI Ireland ETF NYSEARCA: EIRL

This ETF is pegged to an index of companies based in Ireland. Many of these stocks are only available in the U.S. over the counter, but a few are listed as American depositary receipts on major exchanges, such as the Nasdaq or NYSE. 

The Irish stock index is outperforming the S&P 500, with a year-to-date gain of 12.22%, versus the S&P 500’s 2023 return of 1.79%.

Top holdings include:

In general, it’s best to zero in on stocks available on the major exchanges, but in the list above, there may be a couple of cases where you may want to consider a stock available over the counter.


Flutter Entertainment

You’ve probably never heard of this over-the-counter-listed company, but you’re almost certainly familiar with one of its properties, FanDuel. Flutter operates a range of online and in-person sports books throughout the globe. In its most recent earnings report, the company cited growth in the U.S. as a key revenue driver.

Flutter is considering listing its stock on a major U.S. exchange, which would be a boon in terms of raising capital. Industry analysts say that would be a shakeup to the U.S. publicly traded gaming industry because it would mean the entry of a huge global player. 

CRH

This is yet another unfamiliar name, but CRH is a prominent manufacturer of building materials, with locations throughout the globe, including the U.S. 

The NYSE-listed stock has a market cap of $37.53 billion; if it were based in the U.S., it would be an S&P 500 component. Its chart looks good right now, as the stock is getting 50-day support after pulling back from a February breakout and subsequent rally. 

Revenue and earnings have slowed recently, but Wall Street expects a 1% increase in profit this year, to $3.78 a share. Next year, that’s seen rising another 11%. 

Ryanair

You could consider Ryanair the Southwest Airlines of Europe, although Southwest is more profitable due to U.S. pricing. Ryanair is known for efficiency and avoided holiday-season meltdowns like its U.S. counterpart.

Ryanair began forming a consolidation in February. It’s corrected 13% so far from peak to trough. Shares got slammed the week of March 13, along with the broader market, but the stock’s prognosis is good. 

It’s currently outperforming all the major U.S. carriers when it comes to price appreciation. 

MarketBeat analyst data show a “moderate-buy” rating, with a price target of $111, an upside of 25.44%. 

Revenue growth has been slower in recent quarters, although in 2022, the comparisons over 2021 were easy. Wall Street expects Ryanair to earn $7.74 a share this year, up from a loss of $0.75 a share in 2022. Next year that’s seen rising by 1% to $7.79 a share. 

Global Diversification

While it’s a great idea to diversify globally, be sure that your holdings have a specific role in your portfolio. At this juncture, the Irish EIRL ETF can potentially boost a return above what you see with the S&P 500. A big chunk of that is due to the strong performance of CRH, which comprises 15.5% of the ETF. 

→ “More countries ditch the US dollar” (From Behind the Markets) (Ad)

Should you invest $1,000 in CRH right now?

Before you consider CRH, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CRH wasn't on the list.

While CRH currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Own Before the 2024 Election Cover

Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
CRH (CRH)
1.9351 of 5 stars
$77.05-0.1%1.64%N/AModerate Buy$79.31
Glanbia (GLAPF)
0.2312 of 5 stars
$18.90flat0.49%36.60N/A
Kingspan Group (KGSPF)
0 of 5 stars
$91.73flat0.09%161.67N/A
Kerry Group (KRYAF)
0.0362 of 5 stars
$82.19flat0.46%89.43N/A
Ryanair (RYAAY)
3.6372 of 5 stars
$138.88+2.6%0.67%14.30Buy$158.50
Bank of Ireland Group (BKRIY)
0 of 5 stars
$10.71-0.7%N/AN/AN/A
ICON Public (ICLR)
4.593 of 5 stars
$288.23-1.2%N/A39.06Buy$319.45
iShares MSCI Ireland ETF (EIRL)N/A$65.80+0.1%0.79%16.43N/AN/A
Diageo (DEO)
1.6722 of 5 stars
$140.760.0%2.29%N/AReduce$166.37
Compare These Stocks  Add These Stocks to My Watchlist 

Kate Stalter

About Kate Stalter

  • stalterkate@gmail.com

Contributing Author

Retirement, Asset Allocation, and Tax Strategies

Experience

Kate Stalter has been a contributing writer for MarketBeat since 2021.

Additional Experience

Series 65-licensed investment advisor, financial advisor, Blue Marlin Advisors; investment columnist for Forbes, U.S. News & World Report

Areas of Expertise

Asset allocation, technical and fundamental analysis, retirement strategies, income generation, risk management, sector and industry analysis

Education

Bachelor of Arts, Saint Mary’s College, Notre Dame, Indiana; Master of Business Adminstration, Kellogg School of Management at Northwestern University

Past Experience

Founder, financial advisor for Better Money Decisions; editor, stock trading instructor for Investor’s Business Daily; columnist, podcast host, video host for MoneyShow.com; contributor for Morningstar magazine


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