Va Bene?

Following the latest in Italian political drama, we thought we would take a quick look at the Italian equity market, in general, and the MSCI Italy, in particular.  Performance has not suffered too terribly and, in fact, MSCI Italy is second only to Ireland over the last year:



Within MSCI Italy, the Industrials sector has shown the most positive performance, led by the Aerospace & Defense sub-industry:




There is just one company in this group in Italy, and we can see the outperformance in our point-and-figure methodology:



Over the last year, Finmeccanica has had an average daily gain of 0.26%.  While this doesn't sound like much, when compared to the worst performing MSCI Italy stock's average daily loss of 0.05%, it makes quite a bit of difference: