“The Week”: Selectivity

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  François Bloch
  Experte

Switzerland

The shares of Sandoz (ticker symbol: SDZ SW): +57.69% within one year. According to my quantitative models, the operating result (EBIT) could increase from USD 1.488 billion to USD 2.707 billion between 2023 and 2027. This would be a clear exclamation mark for the CHF 24.93 share.
Trading strategy: Buy

Towards the end of the year, the shares of EFG International (ticker symbol: EFGN SW) showed a positive closing balance sheet. Earnings per share in the period between 2022 and 2027 could increase from CHF 0.57 to CHF 1.30, which means that a price/earnings ratio of less than 11.3 points would be possible again by 2027. It could make sense to consistently reinvest the dividend in new securities on an annual basis.
Trading strategy: Buy

You can now be really enthusiastic about the share price development 2025 at Basler Roche (ticker symbol: ROG SW). If my models are correct, earnings per share could rise from CHF 15.37 to CHF 20.22 between 2022 and 2027. The dividend would improve from CHF 9.50 to CHF 10.32 over the same period, which would be exceptional.
Trading strategy: Buy

Avolta (ticker symbol: AVOL SW) is currently doing everything right, and there is no end in sight to its long-standing boom on the Swiss stock exchange. The operating result (EBIT) could increase from CHF 676.3 million to CHF 1.5 million between 2022 and 2027.152 billion. With an expected return on equity of 18.53% in 2027, you as a shareholder can look to the future with optimism.
Trading strategy: Buy

Under the radar of the biggest market players are the shares of Geberit (ticker symbol: GEBN SW), which in my view is a big mistake. If my model expectations can be realized in reality, the operating result (EBIT) could shoot up from CHF 152.4 million to CHF 321 million between 2022 and 2027. It would be important to consistently reinvest the dividend in new securities on an annual basis.
Trading strategy: Buy

The shares of ABB (ticker symbol: ABBN ACLN SW): +229.40% in the last ten years. If future developments are extrapolated, the operating result (EBIT) could rise from USD 3.337 billion to USD 7.488 billion between 2022 and 2027, which would be more than promising for the CHF 104 billion share. The dividend per share could increase from CHF 0.925 to CHF 1.21 over the same period.
Trading strategy: Buy

The shareholders of Logitech (ticker symbol: LOGN SW), and there is no end in sight to this fantastic success story, even though the share price has already risen by 429.48% in the last ten years. The operating result (EBIT) could improve from USD 588.5 million to CHF 987.7 million between 2023 and 2028, which would further increase investor support for the CHF 11.98 billion stock.
Trading strategy: Buy

Europe

The shares of BE Semiconductor (ticker symbol: BESI NA) are set for a sensational comeback in 2026: +11.48% for the EUR 11.76 billion stock. The operating result (EBIT) could increase between 2022 and 2027 from EUR 294.1 million to EUR 468.1 million, which would make the share appear very favorable in the longer term. The expected EBIT margin in 2027 would be 42.84%.
Trading strategy: Buy

The stock market arrows are turning green for the Dutch technology stock ASML (ticker symbol: ASML NA): +17.22% within three months. The operating result (EBIT) could grow from EUR 6.501 billion to EUR 14.536 billion between 2022 and 2027, demonstrating the company’s very strong market position.
Trading strategy: Buy

The securities of the German technology group Infineon (ticker symbol: IFX GY) are well positioned. The operating result (EBIT) could increase between 2023 and 2028 from EUR 3,948 billion to EUR 4,172 billion. In my view, it would be crucial to act on an annual basis with covered calls in order to achieve additional return percentages.
Trading strategy: Buy

Hardly anyone has ArcelorMittal (ticker symbol: MT NA) on the radar at the moment, which I consider to be a fundamental mistake, as the figures speak for themselves. The book value could increase from EUR 66 to EUR 81.43 in the period between 2022 and 2027, which would give the stock an attractive downside buffer.
Trading strategy: Buy

The shares of the French energy group Engie (ticker symbol: ENGI FP) are in excellent shape: +2.50% since the turn of the year 2025/2026. Earnings per share could rise from EUR 0.08 to EUR 1,877 between 2022 and 2027. The expected dividend yield as at 2027 would be 6.04%, which would be considered more than excellent.
Trading strategy: Buy

I am fascinated by the shares of the Spanish BBVA (ticker symbol: BBVA SM), which hardly anyone has really had on their radar so far. The operating result (EBIT) could increase from EUR 14.130 billion to EUR 25.138 billion in the period between 2022 and 2027. With an expected dividend yield of 5.13% in 2027, almost everything would be right here. It would also be important to consistently reinvest the distributions each year.
Trading strategy: Buy

The Finnish company Metso Outotec (ticker symbol: METSO FF) appears attractive for the first time in 2025: +0.63%, which is strong compared to the index. The operating result (EBIT) could improve from EUR 731 million to EUR 1.042 billion between 2022 and 2027. Particularly noteworthy would be the record EBIT margin of 17.53% in 2027, which would be a sensation in a European industry comparison.
Trading strategy: Buy

The price development of the shares of the Dutch ABN AMRO Bank (ticker symbol: ABN NA) over the last twelve months seems completely crazy. The operating result (EBIT) could jump from EUR 2.415 billion to EUR 4.138 billion between 2022 and 2027. The development of the dividend payout, which could rise from EUR 0.99 to EUR 1.616, would be particularly extreme.
Trading strategy: Buy

I like the business segment of the Italian supplier Italgas (ticker symbol: IG IM). The operating result (EBIT) could increase from EUR 622.8 million to EUR 1.463 billion in the period between 2022 and 2027. Here, too, it would be crucial to reinvest the dividend annually in new shares.
Trading strategy: Buy

In recent weeks, the shares of the major Dutch bank ING (ticker symbol: INGA NA) have once again risen significantly: +61.83% over the past twelve months. The book value per share could increase from EUR 13.79 to EUR 18.71 between 2022 and 2027. A long-term view would be mandatory here, especially if the dividends were also consistently reinvested.
Trading strategy: Buy

I like the shares of the German building materials group Heidelberg Materials (ticker symbol: HEI GY). The operating result (EBIT) could grow from EUR 2.476 billion to EUR 4.022 between 2022 and 2027, which would cause the price/earnings ratio to fall below the 15-point mark for the foreseeable future. The EUR 39.25 billion share could therefore be part of any investment portfolio.
Trading strategy: Buy

I remain fascinated by Nordea (ticker symbol: NDA FI), which operates in Scandinavia, and there is currently no end in sight to its strong share price performance. The book value per share could increase from EUR 2.36 to EUR 3.38 between 2022 and 2027. The expected dividend yield could reach a new record of 5.64% in 2027.
Trading strategy: Buy

The German Hochtief (ticker symbol: HOT GY) has been showing its best side on the stock market for several months. The operating result (EBIT) could rise from EUR 840.7 million to EUR 2.052 billion between 2022 and 2027, which would make the stock even more attractive.
Trading strategy: Buy

The Italian company Poste Italiane S.p.A. (ticker symbol: PST IM) continues to promise enormous potential, in particular due to its attractive dividend payouts. The operating result (EBIT) could increase from EUR 2.291 billion to EUR 3.521 billion between 2022 and 2027. The expected dividend yield in 2027 would be 6.56%.
Trading strategy: Reloading

US/CAN

For growth-oriented investors, it is important to focus on the card of SanDisk (ticker symbol: SNDK US). The operating result (EBIT) of the technology stock could improve from USD 689 million to an incredible USD 3.936 billion between 2025 and 2028. The book value per share would rise from USD 63.22 to USD 117 over the same period.
Trading strategy: Buy

I find the specialist Micron Technology (ticker symbol: MU US), a technology stock that shows power in the truest sense of the word. The operating result (EBIT) could rise from USD 4,819 billion to USD 51,790 billion between 2023 and 2028.
Trading strategy: Buy

In the current market environment, the shares of the aluminum specialist Alcoa (ticker symbol: AA US) are performing excellently and reaching new highs. Earnings per share could increase from USD 2.26 in 2021 to USD 3.822 in 2026. The expected return on equity would be 17.74% in 2026.
Trading strategy: Buy

I am fascinated by the price potential of the US technology stock Teradyne (ticker symbol: TER US): +64.83% over the last twelve months. If everything goes as expected, the operating result (EBIT) could increase from USD 868.4 million to USD 1.208 billion between 2022 and 2027.
Trading strategy: Buy

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 recommended investing in ABB, Logitech and Sandoz.

A barrier reverse convertible (CH1473749302) on the three shares offers an attractive coupon of 11.75%, with a barrier at 65% and a term of 12 months, making it a stabilising factor in any portfolio.

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Disclaimer
payoff Media AG and François Bloch receive neither payments nor commissions from the products mentioned.