A former oil refiner, Neste turns waste oils and animal fats into cleaner fuels, and a new wave of energy-supply fears is pushing governments to look for alternatives. With a new mega-plant in Singapore, it may be well placed to benefit as airlines and countries scramble for more reliable fuel sources.Read more

Balfour Beatty sits at the heart of UK infrastructure work, and it could benefit if the government pushes harder on building projects and upgrades to defence sites. The big question is whether it can turn that steady stream of work into better profits without its debt becoming a problem.Read more

Erste Group looks like a plain old Austrian bank, but it quietly earns a lot of its money in fast-moving Central and Eastern European markets. That mix could keep profits growing, yet the same exposure means a fresh bout of inflation or an energy shock could hit results at the wrong time.Read more

EasyJet looks stronger than many of its rivals thanks to a streamlined plane fleet, a focus on busy airports, and a growing holiday business that lets it keep more of what travelers spend. Investors still treat it like a muddled mix of airline and tour company, which could change if the holiday strategy keeps paying off.Read more

Delta stays ahead of other big US airlines by running its fleet efficiently and keeping planes fuller, even as travel demand starts to cool. The bigger question is whether a weaker economy or another sudden shock could hit flying hard enough to derail that lead.Read more

SSAB sits in a sweet spot as steel trade tensions rise, because it can supply both Europe and the US without being squeezed by border fights. Add in Europe’s push to spend more on building and defence, plus a home currency that could help exports, and the setup looks unusually supportive—once the current market panic cools off.Read more

Cathay Pacific sits in a fast-growing part of Asia and has a strong reputation, but its heavy reliance on air freight leaves it exposed if a worsening US–China trade fight slows the region’s economy. The big question is whether its China-linked growth story can arrive in time, or whether the near-term shock keeps the stock grounded.Read more

There's a single reason why American is the least attractive of US legacy carriers (in terms of investing, anyway): its balance sheet. If most airlines and certainly those in the US are loaded up to the hilt with debt, American goes so far as to boast negative equity - any startup would go belly-up with a balance sheet such as this one.Read more

ING could be a rare bank that does well even as interest rates drift down, because it leans less on loan profits and more on service fees. Big public spending plans across Europe may keep lending demand healthy, but politics could still be the wild card.Read more