** Jefferies names its top picks for 2022, which include 10
large-cap and 10 small- and mid-cap stocks rated "buy" and five
stocks it expects to "underperform"
** The broker sees three themes emerging: balance sheet
optionality, earnings momentum, and asset mis-pricing that
leaves room for value growth
** Based on the first criterion, it selects ArcelorMittal
, Compass , CRH , Deutsche Telekom
, Inchcape , Lanxess , Shell
, Stora Enso , Tesco and Unicredit
** It picks FlatexDEGIRO , Intermediate Capital
, ITM Power , Kone and Roche ,
citing their earnings momentum