Europe's sovereign-debt crisis is far from over, and protesters continue to rail against government-imposed austerity in Greece and Spain. However, doubts about the eurozone's sustainability have been all but put to rest.
Some investors think that European stocks could rally up to 20% in 2013, due to global growth and their cheap valuations. Barron's offers suggestions for where to shop and what to buy. Many European companies took advantage of the recession to clean up their balance sheets, cut costs, trim capital expenditures and amass cash.
The weaker euro is expected to help boost corporate earnings between five percent and 10 percent in 2013. Undervalued companies with minimal downside risk include Volkswagen; European Aeronautic Defence & Space (EADS), parent of Airbus; miner Rio Tinto.
Read more: Barron's Recap (12/22/12): Betting on Europe in 2013 | Benzinga
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