Trading Desk
“The Week”: Correction
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François Bloch
Experte
Vontobel remains in robust shape – Repsol excellently positioned – Investing in the future with Deere & Company
Switzerland
Julius Baer (stock exchange symbol: BAER SW) is currently convincing across the board. Since the turn of the year, the share price has risen by 5.32%. The performance on the stock market increasingly reflects the bank’s operational strength. The operating result (EBIT) could rise from CHF 1.182 billion to CHF 1.624 billion between 2023 and 2028. This would further underpin the strong share price performance of recent months. In addition, the possibility of consistently reinvesting the annual dividend distributions in new shares remains attractive.
Trading strategy: Reloading
Vontobel (stock exchange symbol: VONN SW) remains in robust shape. The valuation in particular appears attractive compared to the long-term prospects. The book value per share could increase from CHF 37.85 to CHF 49.91 between 2023 and 2028. From today’s perspective, the share would therefore continue to be valued favorably in the long term. The consistent reinvestment of the dividend in additional shares could also pay off here.
Trading strategy: Reloading
Accelleron (stock exchange symbol: ACLN SW) is currently in impressive shape and continues to have considerable potential. The operational development is extremely dynamic. According to estimates, cash flow per share could rise from USD 1.547 to USD 4.31 between 2023 and 2028. This development would indicate further upside potential and further justify the company’s current valuation with a market capitalization of around USD 9.24 billion.
Trading strategy: Reloading
Novartis (stock exchange symbol: NOVN SW) has appeared particularly promising for some time now. Since the turn of the year, the share price has already gained 7.65%, reflecting the solid operating performance. The operating result (EBIT) could increase from CHF 16.372 billion to CHF 25.347 billion between 2023 and 2028. At the same time, the dividend per share could increase from CHF 3.82 to CHF 4.826. Consistent reinvestment of distributions in additional shares could provide additional support for long-term asset accumulation.
Trading strategy: Reloading
For the shares of Emmi (stock exchange symbol: EMMN SW) still have a lot going for them. Since the turn of the year, the share has already recorded an increase of 17.55%, making it one of the strongest Swiss shares in this period. The book value per share could rise from CHF 241.7 to CHF 302.7 between 2023 and 2028. This development would also explain the pleasing share price performance of recent months and further strengthen the long-term investment thesis.
Trading strategy: Reloading
Europe
The shares of Argenx (stock market symbol: ARGX BB) are in the green for 2026. Since the beginning of the year, the stock has gained 6.86%, which is a solid result by European standards. The book value per share could improve from EUR 63.75 to EUR 198.00 between 2023 and 2028. Investors may also be positively surprised by the dividend distributions expected for the first time.
Trading strategy: Reloading
The share price of the chip manufacturer STMicroelectronics (stock market symbol: STM FP) is very dynamic. Despite a price increase of 179.95% since the beginning of the year, the share remains interesting in my view. The book value per share could rise from EUR 17.72 to EUR 25.51 between 2023 and 2028. This development would possibly provide additional fundamental protection for the strong share price movement.
Trading strategy: Reloading
The Spanish energy company Repsol (stock market symbol: REP SM) is in an excellent position. The stock is benefiting from a solid balance sheet performance and attractive earnings power by historical standards. The book value per share could improve from EUR 21.53 to EUR 30.49 between 2023 and 2028. The EBIT margin could be 7.75% in 2028, which would be convincing for the company by historical standards. Reinvesting the dividend in additional shares could pay off in the long term.
Trading strategy: Reloading
The shares of Eni (stock exchange symbol: ENI IM) are extremely attractive. The positive development continues to support an optimistic assessment of the stock. The book value per share could increase from EUR 16.09 to EUR 19.12 between 2023 and 2028. With an expected EBIT margin of 11.73% in 2028, the operating position would remain robust. In addition, an expected dividend yield of 4.85% in 2027 could provide current income.
Trading strategy: Reloading
The shares of Tenaris (stock market symbol: TEN IM) could provide pleasure in the future. In view of the solid balance sheet quality and attractive dividend prospects, the stock remains interesting. The book value per share could rise from EUR 14.29 to EUR 18.83 between 2023 and 2028. The company, which currently has a market capitalization of around EUR 27.2 billion, could pay a dividend of EUR 0.95 per share in 2028. This would be supplemented by an expected dividend yield of 3.05% in 2028.
Trading strategy: Reloading
The shares of the Belgian pharmaceutical company UCB (stock exchange symbol: UCB BB) are rising steadily. The EUR 49.86 billion stock continues its run-up to new record highs on the stock exchange. Earnings per share could increase from EUR 1.76 to EUR 15.17 between 2023 and 2028. The EBIT margin could reach a new record of 34.39% in 2028, which would be extremely strong in a historical context.
Trading strategy: Reloading
The shares of the French energy group TotalEnergies (stock market symbol: TTE FP) are also promising. Hopes are high that the upward trend will continue until the end of 2028 . During this period, the book value per share could rise from EUR 49.65 to EUR 67.09 between 2023 and 2028. This would represent a significant fundamental improvement for the EUR 172 billion stock.
Trading strategy: Reloading
US/CAN
From a speculative perspective, the shares of the American technology company Marvell Technology (stock market symbol: MRVL, US) could be exciting. In my opinion, it promises great potential. The operating result (EBIT) could improve from USD 1.599 billion to USD 9.261 billion between 2024 and 2029, which would represent an enormous increase.
Trading strategy: Reloading
Future-oriented investors rely on the Deere & Company (stock market symbol: DE US): The book value per share of the agricultural machinery manufacturer of the future could improve from USD 74.56 to USD 122.80 between 2023 and 2028. The EBIT margin could peak at 18.29% in 2028.
Trading strategy: Reloading
At the moment I am particularly impressed by Uri Rentals (stock symbol: URI US), a materials rental company for the construction industry, which is performing very strongly on the stock market. Its operating profit (EBIT) could grow from USD 3.827 billion to USD 5.301 billion between 2023 and 2028.
Trading strategy: Reload
The papers of Hyatt Hotels (stock market symbol: H US) are up and away: An increase in the operating result (EBIT) from USD 305 million to USD 953.2 million between 2023 and 2028. The return on equity is expected to be 19.43% in 2028, which is a very good figure for this sector.
Trading strategy: Reloading
May I introduce Fortinet (stock symbol: FTNT US)? The cyber defense specialist is expected to report an increase in operating profit (EBIT) from USD 1.507 billion to USD 3.346 billion between 2023 and 2028. The EBIT margin is expected to reach a record 35.16% by 2028. That would be truly impressive.
Trading strategy: Reloading
In my opinion, the securities of Edison International (stock symbol: EIX US) are a pearl: The operating result (EBIT) is expected to rise from USD 3.503 billion to USD 5.377 billion between 2023 and 2028, with a share price of USD 28.22 billion. With an EBIT margin of 26.04% in 2028, everything would be just right.
Trading strategy: Reloading
Yours sincerely,
François Bloch
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Investment idea of the week
It is important to us to provide you with a concrete investment idea. This week, François Bloch has opted for an implementation with Accelleron Industries, DKSH, Julius Baer and Ypsomed pronounced.
An Autocallable Multi Barrier Reverse Convertible with the ISIN CH1530890248 on the four shares convinces with a coupon of 13.00%, a barrier at 59.00% and a term of 12 months as a stabilizer in every portfolio.
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