Europe's main share index notched a record high on Wednesday, as investors cheered robust earnings from the likes of UK's Experian and Germany's Commerzbank, while rate-sensitive stocks got a boost after a softer-than-expected U.S. inflation print. The pan-European STOXX 600 was up 0.6%, with Germany's DAX and France's CAC 40 index also closing at all-time highs.
When you write about the markets as much as I do, finding subjects to cover is challenging. A recent New York Times article about “Pay Later” lenders gave me an idea about credit bureau stocks to buy. The Times article discussed how credit bureaus want to start including “buy now, pay later” purchases on consumer credit reports and credit scores. This was prompted by Apple’s (NASDAQ:AAPL) February move to start reporting loans made through its Apple Pay Later service to Experian (OTCMKTS:EXPGY),
Experian (EXPGY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.