“The Week”: Reporting season takes center stage

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  François Bloch
  Experte

Switzerland

The signs for the shares of the Biel-based watch group Swatch (stock exchange symbol: UHR SW) on the Swiss stock exchange have turned around. They have gained 5.52% since the turn of the year 2024/2025. The operating result (EBIT) is expected to rise from CHF 304 million to CHF 555.5 million between 2024 and 2027. By then, the price/earnings ratio could fall to 22.9 points, well below the historical average.
Trading strategy: Reloading

The shares of Lonza (stock exchange symbol: LONN SW) are showing a positive trend for 2025 and are now back in the green. Significant growth potential is emerging: the operating result (EBIT) could increase from CHF 1.397 billion in 2022 to CHF 2.088 billion in 2027. With an expected price/earnings ratio of less than 26 in 2027, this share could be a real bargain.
Trading strategy: Reloading

Unexpectedly strong performance from the French-speaking Swiss manufacturer of computer accessories Logitech (stock exchange symbol: LOGN SW) is showing an unexpectedly strong performance for the first time in a long time. The growth prospects appear extremely promising. Specifically, the operating result (EBIT) is likely to rise from USD 588.5 million to USD 924.3 million between 2023 and 2028. This is significant growth. The price/earnings ratio will remain moderate and will not reflect a fundamental premium.
Trading strategy: Reloading

For investors who value stability PSP Swiss Property (stock exchange symbol: PSPN SW) is a worthwhile choice. The share has been performing positively for decades. The book value per share is expected to increase from CHF 113.3 million to CHF 130.3 million between 2022 and 2027. This corresponds to solid and sustainable growth. With a market capitalization of CHF 6.33 billion, the share is expected to pay a dividend yield of around 2.91% in 2026.
Trading strategy: Reloading

For the lift manufacturer Schindler (stock exchange symbol: SCHP SW) is doing extremely well on the Swiss stock exchange: with a share price increase of 15.15% this year, the soaring share price shows no sign of stopping. The operating result (EBIT) is expected to rise from CHF 1.047 billion to CHF 1.627 billion between 2022 and 2027. With an expected record EBIT margin of 13.5% in 2027, everything seems to be on track for success.
Trading strategy: Reloading

Europe

The shares of the French telecommunications specialist Bouygues (stock market symbol: EN FP) have fought their way back to their former strength with a gain of 44.60% since the turn of the year 2024/2025. My models finally forecast a promising future: operating profit (EBIT) could increase from EUR 1.962 billion to EUR 3.056 billion between 2022 and 2027. With an estimated record EBIT margin of 10.44% in 2027, everything seems right for the foreseeable future.
Trading strategy: Reloading

The Dutch technology company ASML (stock market symbol: ASML NA) has been showing strength for several weeks and has recorded an increase of 29.03% since the turn of the year 2024/2025. Exciting developments are on the horizon: Operating profit (EBIT) could more than double from EUR 6.501 billion to EUR 13.291 billion between 2022 and 2027. If this result is actually realized, the share price could rise even further. It is important to reinvest the dividend in new shares every year.
Trading strategy: Reloading

From a fundamental perspective, it is worth investing in the shares of Coca-Cola Hellenic (stock exchange symbol: CCH LN): Between 2022 and 2027, the operating result (EBIT) is expected to increase from EUR 929.7 million to EUR 1.56 billion – a strong signal for the EUR 14.84 billion stock. With an expected dividend yield of 3.42% in 2027, this share is also particularly attractive from this perspective.
Trading strategy: Reloading

The shares of the Portuguese company EDP Renováveis (stock exchange symbol: EDPR LI) recorded a sharp rise on the Lisbon stock exchange. The prospects for the renewable energy specialist are promising. Book value per share is expected to rise from EUR 9.25 to EUR 11.29 between 2022 and 2027 – a strong signal for the stock, which has a market capitalization of EUR 14.16 billion. The dividend for 2027 is estimated at 1.37%.
Trading strategy: Reloading

The French cosmetics specialist L’Oréal (stock market symbol: OR FP) is excellently positioned and is considered a rock in the surf. The operating result (EBIT) is expected to increase from EUR 7.457 billion to EUR 10.155 billion between 2022 and 2027. From a dividend perspective, it will be particularly interesting: the dividend per share could grow from EUR 6 to EUR 8.25 over the same period. This offers an attractive opportunity to build up long-term assets by reinvesting dividends annually.
Trading strategy: Reloading

The Spanish bank BBVA (stock market symbol: BBVA SM) is showing strength. The book value per share is expected to rise from EUR 8.01 to EUR 12.25 between 2022 and 2027. The decisive factor here is to reinvest the dividend annually in new shares. A potential dividend yield of EUR 5.66 is expected for 2027. The business approach of this bank looks extremely promising.
Trading strategy: Reloading

The outlook for the shares of the Dutch company Ahold Delhaize (stock exchange symbol: AD NA) are positive: the book value per share could rise from EUR 15.48 to EUR 19.43 between 2022 and 2027, which corresponds to impressive growth. In addition, the EBIT margin of 16.24% expected for 2027 speaks in favor of the global retailer.
Trading strategy: Reloading

The shares of the French company VINCI (stock market symbol: DG FP) are extremely exciting: the Paris-based company continues to soar. The operating result (EBIT) is expected to rise from EUR 6.824 billion to EUR 10.3 billion between 2022 and 2027. The expected dividend yield of 4.43% in 2026 is particularly noteworthy.
Trading strategy: Reloading

USA/CAN

An engagement in Bloom Energy (stock market symbol: BE US) is an attractive proposition for growth-oriented investors. The energy specialist’s operating result (EBIT) could improve from USD 261 million to USD 436.8 million between 2022 and 2027. Although the expected price/earnings ratio for 2027 would be high at EUR 76.7, the upside potential could be considerable.
Trading strategy: Reloading

The NASDAQ value Generac Holdings (stock exchange symbol: GNRC US) is proving to be extremely exciting: the company is showing real power in the truest sense of the word! This should also be reflected in the development of the operating result (EBIT), which is expected to rise from USD 566.3 million to USD 781.9 million between 2022 and 2027. Over the same period, the book value per share is expected to increase from USD 36.48 to USD 59.75 – a convincing result.
Trading strategy: Reloading

The shares of American Express (stock market symbol: AXP US) are back on the long-awaited road to success on the stock market. Operating profit (EBIT) is expected to rise from USD 11.77 billion to USD 23.20 billion between 2022 and 2027 – impressive growth for this USD 239 billion stock. The projected EBIT margin of 34.77% in 2027 would represent a new record for the company – a real “high life” for you as a shareholder.
Trading strategy: Reloading

In my opinion, the American consumer goods specialist Walmart (stock market symbol: WMT US) is extremely attractive. Operating profit (EBIT) is expected to rise from USD 24.60 billion to an impressive USD 37.20 billion between 2023 and 2028. The return on equity is expected to be 22.34% in 2028 – a figure that further underlines the long-term attractiveness of the share.
Trading strategy: Reloading

The shares of KLA Corporation (stock exchange symbol: KLAC US) are really strong and are literally cleaning up. The operating result (EBIT) has been impressively stable for some time and is expected to increase from USD 4.30 billion to USD 6.64 billion between 2023 and 2028. The only fly in the ointment: the expected dividend yield in 2027 is just 0.74% . A little meagre for an otherwise outstanding company.
Trading strategy: Reloading

Welltower Inc. (stock symbol: WELL US) is an XXL-class real estate investment trust. Operating income (EBIT) is expected to increase from USD 841.1 million to an impressive USD 2.88 billion between 2022 and 2027 – exceptional growth. I consider this stock with a market capitalization of USD 117 billion to be an extremely interesting option for diversifying your portfolio.
Trading strategy: Reloading

Yours sincerely,
François Bloch

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