Is it Beneficial to Incorporate the Luck of the Irish into Your Investment Strategy?

When celebrating St. Patrick's Day, you may want to enjoy a Diageo PLC (NYSE: DEO) brewed Guinness. This could motivate you to delve into how Irish stocks can be a valuable addition to your investment portfolio, as there are many options available.

Let's take a look at some of the high achievers that have been listed on major U.S. stock exchanges.

Even though Guinness is a famous Irish product, there are other Irish stocks listed in the United States that are worth recognizing on a day dedicated to Irish culture. Diageo, a company based in the UK, may not be the top choice for people who are passionate about authentic Irish culture.

You can purchase a collection of Irish stocks through the iShares MSCI Ireland ETF (NYSEARCA: EIRL).

The ETF is connected to an index that includes businesses located in Ireland. A number of these stocks are solely obtainable in the U.S. as OTC options, while a handful are traded as American depositary receipts on major exchanges such as the NYSE or Nasdaq.

Currently, the Irish stock index is performing better than the S&P 500. It has gained 12.22% since the beginning of the year, while the S&P 500 has only grown by 1.79%.

Typically, focusing on stocks that are found on the top exchanges is the wisest choice. However, some stocks on the list provided may justify examining options available over-the-counter.

You may not be aware of this business on the stock market, but you surely know about one of its brands, FanDuel. Flutter runs various sports gambling websites and physical bookmakers around the world. They announced in their latest financial report that increased revenue in the American market has been a significant factor in their growth.

Flutter is currently contemplating making its stock available on a prominent United States exchange. This move could provide a significant advantage in terms of acquiring funding. Experts in the field predict that such an action would cause an upheaval in the American gaming industry, as a major international player would be joining the fray.

It's another name that you might not have heard before, but CRH is a big company that produces materials for building. They have factories all over the world, including in the United States.

The stock that is listed on the NYSE currently has a total value of $37.53 billion. If it was established in America, it would be considered an S&P 500 constituent. Currently, the stock chart appears promising, as it is receiving support within 50 days of earlier losses after rallying in February.

Even though the revenue and earnings have decreased lately, experts forecast that there will be a 1% augmentation in profit this year, reaching $3.78 for each share. Moreover, the next year is anticipated to have an 11% boost in profit.

Ryanair can be thought of as the European equivalent of Southwest Airlines, but Southwest is more lucrative because of prices in the United States. Ryanair is recognized for its proficiency and veering away from chaos during peak holiday periods, unlike Southwest Airlines.

Ryanair started to merge with other companies in February. It has fallen by 13% from its highest point so far. The share price was hit hard during the week of March 13, just like many other stocks, but things are looking positive for Ryanair's future.

At the moment, its value is rising faster than any other major airline in the United States.

According to MarketBeat analysts, the rating for this investment opportunity is "moderate-buy". The price target set for this investment is $111, with an upside potential of 25.44%.

Ryanair's revenue growth has slowed down in the past few months. However, the comparison with the company's revenue in 2021 has made it easier to achieve better results in 2022. According to Wall Street projections, Ryanair is expected to earn $7.74 per share in the current year, which is a significant increase from the loss of $0.75 per share in 2022. The company is also predicted to experience a slight growth in earnings per share next year, with an expected rise of 1% to $7.79 per share.

Expanding your investment portfolio to include global assets is a wise move, but it's important to ensure each holding serves a specific purpose. Consider including the Irish EIRL ETF in your portfolio for the potential to increase your returns beyond the S&P 500. A significant factor contributing to this growth is the exceptional performance of CRH, which accounts for 15.5% of the ETF's holdings.

Is Investing $1,000 in CRH a Good Idea at Present?

Before you take into account CRH, it's crucial to listen to what we have to say.

MarketBeat monitors the research analysts who are recognized and successful in Wall Street, and the stocks they suggest to their customers on a daily basis. As per MarketBeat, there are five stocks that are being suggested discreetly by top-rated analysts to buy before it becomes popular among the wider market. Surprisingly, CRH is not among the recommended stocks.

Even though CRH is rated as a "Buy" by analysts, analysts with the highest ratings think that these five stocks are superior buys.

Check Out These Five Stocks Here