Billionaire Ray Dalio is Shorting These 5 European Stocks

3. AXA SA (OTC:AXAHY)

AXA SA (OTC:AXAHY) is a French insurance, investment management, and financial services company.

AXA SA (OTC:AXAHY) is currently competing on multiple fronts at the same time. The financial sector is facing disruptive innovation in the form of rising financial technology and insurance technology entities. The company’s top line and bottom line are expected to be hampered by the rising competition. Furthermore, the conflict between Russia and Ukraine has started to impact the insurance and reinsurance operations of the company.

Analysts are bearish on AXA SA (OTC:AXAHY) stock as they foresee the weak economic outlook of Europe to have a negative bearing on the future financial and stock price performance of the company.