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Swiss investors are repositioning their portfolios following Donald Trump's election victory, with a focus on cryptocurrencies and U.S. stocks. Companies like Alcon, ABB, and Holcim are favored due to anticipated tax cuts, while firms such as Swatch and Richemont may face higher import duties. The pharmaceutical sector has shown strong performance, bolstering the overall Swiss market.
The Swiss stock market rebounded on November 11, 2024, with the SMI closing 0.89% higher at 11,902.79 points after three weeks of losses. Swiss Re shares surged 3.6% following a UBS upgrade, while cyclical stocks like Sika and ABB also gained. Political developments, particularly regarding US President-elect Donald Trump, are expected to influence market volatility in the coming weeks.
Swisscom AG, a major telecommunications provider, has a dividend yield of 3.94%, with stable but unreliable dividends over the past decade. Despite a high debt level, its payout ratios indicate sustainability. Meanwhile, Meier Tobler Group offers a 4.64% yield, but its dividends have been volatile.
The Swiss stock market closed slightly up, with the SMI at 12,184.00 points, remaining below the 12,200 mark. Investors reacted to interim results from major companies like Holcim and SGS, while Wall Street gained ground due to falling bond yields and improved consumer confidence in the U.S. Business sentiment varied across Europe, with Germany showing slight improvement and Italy experiencing a significant decline.
Holcim Ltd. reported a rise in earnings for the third quarter, driven by successful construction projects in Europe and the US. Recurring earnings before interest and taxes reached 1.67 billion Swiss francs ($1.93 billion), aligning with analyst expectations, despite slightly missing sales projections. The company reaffirmed its full-year outlook.
The SMI index declined again, with Holcim emerging as the strongest blue-chip stock following its quarterly results. Only five SMI stocks recorded gains, while oil prices saw a slight increase amid ongoing tensions in the Middle East and upcoming political events in Japan, raising investor concerns. In Asia, the Shanghai bourse rose by 0.2%, as investors await details on fiscal stimulus from Beijing and the results of the upcoming US elections. Brent crude oil is priced at $74.65 per barrel, with analysts suggesting the right price for crude is around $70 as market dynamics evolve.
Holcim shares are expected to see further price returns, with eleven "buy" recommendations from analysts, alongside thirteen "holds" and one "sell." A future payout ratio of 50 to 60 percent is considered realistic, potentially increasing the dividend yield to 5-6 percent, which could enhance the valuation of Holcim shares.
Holcim AG
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
investing strategies after trump victory focus on cryptocurrencies and us stocks
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