Trading Desk
“The Week”: The Next Acid Test
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François Bloch
Experte
Roche finally picking up speed – Sandoz seen as a stock with growing tailwinds – Ciena still watched closely on the speculative side
Switzerland
Shares of SMI stock Roche (Ticker: ROP SW) have picked up pace in recent days: up 9.02% since the turn of the year. The background would be a marked improvement in the expected book value per share from CHF 41.37 to CHF 69.97 between 2023 and 2028, which would make the share price development of recent months at this CHF 286 billion stock more comprehensible.
Trading strategy: Reload
Shares of Basel-based Sandoz (Ticker: SNDZ SW) gained 20.54% since the turn of the year. Book value per share could rise from USD 20.12 to USD 29.27 between 2023 and 2028, which would further explain the stock’s upward momentum. The dividend per share could increase from USD 0.5127 to USD 1.618 between 2023 and 2028, which would qualify as a remarkable development.
Trading strategy: Reload
SPI index stock Emmi (Ticker: EMMN SW) continues its positive development: up 16.87% since the turn of the year. According to the quantitative models, operating income could improve from CHF 258.2 million to a new record high of CHF 393.6 million between 2023 and 2028, which would be remarkable given the current market environment. The growing dividend payout per share of CHF 15.5 to CHF 20.64 could be reinvested annually over this period.
Trading strategy: Reload
Shares of Upper Basel-Landschaft peptide champion Bachem (Ticker: BANB SW) have shown a positive development for some time: up 33.64% since the turn of the year. An improvement in book value per share is projected between 2023 and 2028, from CHF 17.68 to CHF 25.5. With an expected return on equity of 14.90% by 2028, first signs of improvement would be emerging.
Trading strategy: Reload
Europe
Shares of Norwegian exploration company Var Energi (Ticker: VAR NO) are seeing a marked upswing: since the start of the year, the stock has risen 61.21%, a very strong result by European standards. According to current analyses, operating income could improve from USD 4.043 billion to USD 4.794 billion between 2023 and 2028, which would be highly significant. Earnings per share could also rise from USD 0.24 to USD 0.38, which would make an investment more attractive going forward.
Trading strategy: Reload
Steel pipe specialist Tenaris (Ticker: TEN IM) currently presents itself as an excellently positioned stock: in the current year 2026 alone, the share has gained 55.72%, a very strong result compared with the return of its home market index. Book value per share could improve from EUR 14.29 to EUR 17.97 between 2023 and 2028. The expected EBIT margin would stand at 19.52% in 2028, which would be a good figure for the company by historical comparison, with a reinvestment of the dividend into new shares also worth considering, given that this strategy has proven very successful for this stock over a period of 5 years.
Trading strategy: Reload
Shares of Germany-based Symrise (Ticker: SY1 GY) continue to trend steadily upward: up 33.91% since the turn of the year. An improvement in earnings per share is projected between 2023 and 2028, from EUR 2.44 to EUR 4.626. By 2028, a record dividend payout per share of EUR 1.488 is projected.
Trading strategy: Reload
Shares of Italian insurer Generali (Ticker: G IM) continue to trend steadily upward: up 16.36% since the turn of the year. Book value per share could grow from EUR 52.19 to EUR 90.37 between 2023 and 2028. The EBIT margin could reach a new record of 54.75% in 2028, which would represent a strong figure for the company by historical standards.
Trading strategy: Reload
Shares of French energy stock TotalEnergies (Ticker: TTE FP) are considered attractive, with the upward trend expected to continue through the end of 2029. Book value per share at this EUR 195 billion stock could rise significantly from EUR 49.65 to EUR 66.42 between 2023 and 2028.
Trading strategy: Reload
US/CAN
Previously featured Ciena (Ticker: CIEN US) continues to be considered a stock with major potential on the more speculative side. Operating income at this USD 63.78 billion stock could improve from USD 573.3 million to USD 3.142 billion between 2023 and 2028, which would represent an enormous increase.
Trading strategy: Reload
Conservatively oriented investors are backing consumer goods specialist Altria (Ticker: MO US). At this industry leader, operating income could improve from USD 12.330 billion to USD 13.198 billion between 2023 and 2028. Return on assets (ROA) could reach a peak of 26.89% in 2028.
Trading strategy: Reload
Texas Pacific Land (Ticker: TPL US) currently presents a very strong chart picture. Earnings per share could grow from USD 2.522 to USD 10.32 between 2020 and 2027, which would represent an exceptionally strong increase.
Trading strategy: Reload
Shares of network specialist F5 (Ticker: FFIV US) are developing dynamically on the stock market. An increase in operating income from USD 849.7 million to USD 1.373 billion is projected between 2023 and 2028. The EBIT margin could reach a new record of 34.9% in 2028, which would represent a very good figure for this sector.
Trading strategy: Reload
NASDAQ high-flyer Cisco (Ticker: CSCO US) ranks among the particularly interesting stocks on the market. Operating income at this USD 467 billion stock could rise from USD 18.377 billion to USD 29.595 billion between 2024 and 2029, which would underpin the company’s successful strategic direction. However, the dividend yield is considered unconvincing for the foreseeable future.
Trading strategy: Reload
Shares of pharmaceutical stock AbbVie (Ticker: ABBV US) rank among the particularly interesting stocks on the market. Earnings per share at this USD 489 billion stock could rise from USD 2.72 to USD 12.74 between 2023 and 2028. With a record dividend per share of USD 7.562 in 2028, the overall picture would appear compelling – a stock with a multi-year outlook.
Trading strategy: Reload
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 chosen to implement this idea with Accelleron, Givaudan, Logitech and Sandoz were issued.
An Autocallable Multi-Barrier Reverse Convertible with the ISIN CH1602318029 based on the four stocks stands out as a stabilizer in any portfolio, offering a 14.07% coupon, a barrier at 59.00%, and a 12-month term.
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Disclaimer
Lucht Probst Associates AG and François Bloch do not receive any payments or commissions from the products mentioned.
