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#saxostrats - In the market for Maersk

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Despite low crude prices affecting the firm's oil division, the outlook for Maersk is good says Saxo Bank's Head of Equity Strategy Peter Garnry. The stock price hit an all time high this quarter but Peter thinks the company still has more mileage thanks to global growth of around 3%.

Maersk is a European alpha pick for Peter who believes the stock has been under valued at "bad global growth" levels with benefits expected from a stronger USD and competitive shipping market pricing.

The stop on Peter's trade is around 13500 with a holding period of one month.