{"id":1441036,"date":"2025-08-25T09:20:46","date_gmt":"2025-08-25T07:20:46","guid":{"rendered":"https:\/\/www.payoff.ch\/news\/the-week-wall-street-rejoices"},"modified":"2025-08-25T10:02:35","modified_gmt":"2025-08-25T08:02:35","slug":"the-week-wall-street-rejoices","status":"publish","type":"post","link":"https:\/\/www.payoff.ch\/en\/news\/the-week-wall-street-rejoices","title":{"rendered":"&#8220;The Week&#8221;: Wall Street rejoices"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Switzerland<\/h3>\n\n\n\n<p>The shares of <strong><a href=\"https:\/\/www.payoff.ch\/en\/basiswerte\/CH0528751586\" target=\"_blank\" rel=\"noreferrer noopener\">VZ Holding<\/a><\/strong> (ticker symbol: VZN SW) are attractive. The operating result (EBIT) could improve to CHF 321.7 million by 2027, which is a strong performance compared to the industry as a whole. A dividend yield of 1.78% is also expected for 2026. <br><strong>Trading strategy:<\/strong> Reload.<\/p>\n\n\n\n<p>The shares of <strong><a href=\"https:\/\/www.payoff.ch\/en\/basiswerte\/CH0012138605\" target=\"_blank\" rel=\"noreferrer noopener\">Adecco<\/a><\/strong> (ticker symbol: ADEN SW) are experiencing a clear liberation. Since the beginning of 2025, they have already recorded an increase of 20.3%. EBIT could increase to EUR 828.3m by 2027. This turnaround is crucial, as institutional investors are now increasingly building up positions again. <br><strong>Trading strategy:<\/strong> Reload.<\/p>\n\n\n\n<p>The shares of <strong><a href=\"https:\/\/www.payoff.ch\/en\/basiswerte\/CH1335392721\" target=\"_blank\" rel=\"noreferrer noopener\">Galderma<\/a><\/strong> (ticker symbol: GALD SW), which have risen by 34.44% since the beginning of 2025. My expectation for EBIT is convincing: it could more than double to USD 1.688 bn by 2027. <br><strong>Trading strategy:<\/strong> Reload.<\/p>\n\n\n\n<p>Operating from a position of strength <strong><a href=\"https:\/\/www.payoff.ch\/en\/basiswerte\/CH0010570759\" target=\"_blank\" rel=\"noreferrer noopener\">Lindt &#038; Spr\u00fcngli<\/a><\/strong> (ticker symbol: LISN SW). Performance since the beginning of 2025 is +18.20%. EBIT could rise to CHF 1.116 billion by 2027. The dividend yield, on the other hand, is less convincing, but is less important in view of the excellent business prospects. <br><strong>Trading strategy:<\/strong> Reload.<\/p>\n\n\n\n<p>The shares of <strong><a href=\"https:\/\/www.payoff.ch\/en\/basiswerte\/CH0022268228\" target=\"_blank\" rel=\"noreferrer noopener\">EFG International<\/a><\/strong> (ticker symbol: EFGN SW) also shine with strength. Since the beginning of 2025, the performance amounts to +22.19%. The book value per share could climb to CHF 8.984 in 2027. The annual reinvestment of the dividend is particularly rewarding here, which could probably yield a return of 4.35% by 2026. <br><strong>Trading strategy:<\/strong> Reload.<\/p>\n\n\n\n<p>The shares of <strong><a href=\"https:\/\/www.payoff.ch\/en\/basiswerte\/CH0360674466\" target=\"_blank\" rel=\"noreferrer noopener\">Galenica<\/a><\/strong> (ticker symbol: GALN SW), which have risen by 14.53% since the beginning of 2025. EBIT could grow to CHF 261.4 million in 2027. Here too, dividends should be reinvested. <br><strong>Trading strategy:<\/strong> Reload.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Europe<\/h3>\n\n\n\n<p>An attractive investment on the Amsterdam stock exchange is currently the shares of <strong><a href=\"https:\/\/www.payoff.ch\/en\/basiswerte\/NL0000303709\" target=\"_blank\" rel=\"noreferrer noopener\">Aegon N.V.<\/a><\/strong> (ticker symbol: AGN NA). They have already risen by 19.86% since the beginning of 2025. The dividend per share could rise to EUR 0.4765 by 2027. With an expected EBIT margin of 17.43% in 2027, a lot fits together here. <br><strong>Trading strategy:<\/strong> Reload.<\/p>\n\n\n\n<p>From a fundamental perspective, the shares of <strong><a href=\"https:\/\/www.payoff.ch\/en\/basiswerte\/ES0173516115\" target=\"_blank\" rel=\"noreferrer noopener\">Repsol<\/a><\/strong> (ticker symbol: REP FP) seem undervalued to me. The book value per share could increase to EUR 27.18 by 2027 &#8211; a strong signal for a company with a market capitalization of EUR 15.8bn. Added to this is an expected dividend yield of 8.22% in 2026. <br><strong>Trading strategy:<\/strong> Reload.<\/p>\n\n\n\n<p>The shares of the Belgian electricity grid operator <strong><a href=\"https:\/\/www.payoff.ch\/en\/basiswerte\/BE0003822393\" target=\"_blank\" rel=\"noreferrer noopener\">Elia Group<\/a><\/strong> (ticker symbol: ELI BB) could develop into a real high-flyer. EBIT could more than triple to EUR 1.821 billion by 2027. This is accompanied by a forecast EBIT margin of 24.96% in 2027. <br><strong>Trading strategy:<\/strong> Reload.<\/p>\n\n\n\n<p>The strategy of <strong><a href=\"https:\/\/www.payoff.ch\/en\/basiswerte\/IT0004776628\" target=\"_blank\" rel=\"noreferrer noopener\">Banca Mediolanum<\/a><\/strong> (ticker symbol: BMED IM) is convincing. The book value per share could increase to EUR 6.74 by 2027. In my view, it is important to reinvest the dividend in new shares. <br><strong>Trading strategy:<\/strong> Reload.<\/p>\n\n\n\n<p>The outlook for the <strong><a href=\"https:\/\/www.payoff.ch\/en\/basiswerte\/ES0113679I37\" target=\"_blank\" rel=\"noreferrer noopener\">Bankinter<\/a><\/strong> from Spain (ticker symbol: BKT SM). EBIT could increase to EUR 2.095 billion in 2027. The expected EBIT margin of 63.62% in 2027 is remarkable. <br><strong>Trading strategy:<\/strong> Reload.<\/p>\n\n\n\n<p>The shares of <strong><a href=\"https:\/\/www.payoff.ch\/en\/basiswerte\/FR0000120321\" target=\"_blank\" rel=\"noreferrer noopener\">L&#8217;Or\u00e9al<\/a><\/strong> (ticker symbol: OR FP). EBIT could improve to EUR 10.193 billion by 2027. At the same time, the dividend could rise to EUR 8,281. <br><strong>Trading strategy:<\/strong> Reload.<\/p>\n\n\n\n<p>A positive surprise for me is the <strong><a href=\"https:\/\/www.payoff.ch\/en\/basiswerte\/FR0000121667\" target=\"_blank\" rel=\"noreferrer noopener\">EssilorLuxottica<\/a><\/strong> (ticker symbol: EL FP). EBIT could rise to EUR 5.643 bn by 2027. At the same time, the book value per share could improve to EUR 97.02. Here, too, the annual dividend should be reinvested. <br><strong>Trading strategy:<\/strong> Reload.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">USA<\/h3>\n\n\n\n<p>For growth-oriented investors <strong><a href=\"https:\/\/www.payoff.ch\/en\/basiswerte\/US36118L1061\" target=\"_blank\" rel=\"noreferrer noopener\">Futu Holdings<\/a><\/strong> (ticker symbol: FUTU US) is worth a look. The online brokerage specialist&#8217;s operating result (EBIT) could rise to USD 13.622 billion by 2027. The only fly in the ointment is that no dividend payments are planned until 2027. <br><strong>Trading strategy:<\/strong> New.<\/p>\n\n\n\n<p>The Finnish sporting goods manufacturer <strong><a href=\"https:\/\/www.payoff.ch\/en\/basiswerte\/KYG0260P1028\" target=\"_blank\" rel=\"noreferrer noopener\">Amer Sport<\/a><a href=\"https:\/\/www.payoff.ch\/en\/basiswerte\" target=\"_blank\" rel=\"noreferrer noopener\">s<\/a><\/strong> (ticker symbol: AS US). EBIT could increase to USD 1.148 billion by 2027. An EBIT margin of 13.97% could also be expected for 2027, which should attract new groups of buyers. The market capitalization currently amounts to USD 237 billion. <br><strong>Trading strategy:<\/strong> New.<\/p>\n\n\n\n<p>The Brazilian financial services provider <strong><a href=\"https:\/\/www.payoff.ch\/en\/basiswerte\/KYG6683N1034\" target=\"_blank\" rel=\"noreferrer noopener\">Nu Holdings<\/a><\/strong> (ticker symbol: NU US). EBIT could improve to USD 10.556 bn by 2027. With my expected return on equity of 30.58% in 2027, the long-term attractiveness increases. <br><strong>Trading strategy:<\/strong> Reload.<\/p>\n\n\n\n<p>An entry could be worthwhile with <strong><a href=\"https:\/\/www.payoff.ch\/en\/basiswerte\/NL0000687663\" target=\"_blank\" rel=\"noreferrer noopener\">Aercap Holdings<\/a><\/strong> (ticker symbol: AER US), the aircraft leasing specialist, could be worthwhile. EBIT could increase to USD 4.268 bn by 2027. At the same time, the EBIT margin could reach a strong 51.83% &#8211; a hidden champion in my view. <br><strong>Trading strategy:<\/strong> Reload.<\/p>\n\n\n\n<p>The US technology stock <strong><a href=\"https:\/\/www.payoff.ch\/en\/basiswerte\/US5950171042\" target=\"_blank\" rel=\"noreferrer noopener\">Microchip Technology<\/a><\/strong> (ticker symbol: MCHP US) impresses me with its long-term stability. The dividend per share could rise to USD 1,979 by 2028. At the same time, the book value could rise to USD 12.02. <br><strong>Trading strategy:<\/strong> Reload.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.payoff.ch\/en\/basiswerte\/US90353T1007\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.payoff.ch\/en\/basiswerte\/US90353T1007\" rel=\"noreferrer noopener\">Uber Technologies<\/a><\/strong> (ticker symbol: UBER US), operator of global platforms for the provision of transportation, food delivery and services, is also showing strong momentum. EBIT could improve to USD 10.677 bn. (2027). <br><strong>Trading strategy:<\/strong> Reload.<\/p>\n\n\n\n<p>The following has taken off <strong><a href=\"https:\/\/www.payoff.ch\/en\/basiswerte\/IL0011334468\" target=\"_blank\" rel=\"noreferrer noopener\">CyberArk Software<\/a><\/strong> (ticker symbol: CYBR US), an Israeli cyber security specialist: +32.44% in 2025 alone. EBIT could improve to USD 404.8 million by 2027. <br><strong>Trading strategy:<\/strong> Reload.<\/p>\n\n\n\n<p>Yours sincerely,<br><strong>Fran\u00e7ois Bloch<\/strong><\/p>\n\n\n\n<p class=\"has-small-font-size\">____<\/p>\n\n\n\n<p class=\"has-small-font-size\"><strong>Disclaimer<\/strong><br>payoff Media AG and Fran\u00e7ois Bloch receive neither payments nor commissions from the products mentioned.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Adecco&#8217;s liberation &#8211; EFG shines with strength &#8211; Elia could become a high-flyer<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"ngg_post_thumbnail":0,"footnotes":""},"categories":[222],"tags":[229],"class_list":["post-1441036","post","type-post","status-publish","format-standard","hentry","category-trading-desk-en","tag-the-week"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.payoff.ch\/en\/wp-json\/wp\/v2\/posts\/1441036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.payoff.ch\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.payoff.ch\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.payoff.ch\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.payoff.ch\/en\/wp-json\/wp\/v2\/comments?post=1441036"}],"version-history":[{"count":4,"href":"https:\/\/www.payoff.ch\/en\/wp-json\/wp\/v2\/posts\/1441036\/revisions"}],"predecessor-version":[{"id":1441042,"href":"https:\/\/www.payoff.ch\/en\/wp-json\/wp\/v2\/posts\/1441036\/revisions\/1441042"}],"wp:attachment":[{"href":"https:\/\/www.payoff.ch\/en\/wp-json\/wp\/v2\/media?parent=1441036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.payoff.ch\/en\/wp-json\/wp\/v2\/categories?post=1441036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.payoff.ch\/en\/wp-json\/wp\/v2\/tags?post=1441036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}