Every morning, professional stock market traders reveal which stocks are of particular interest on the Swiss stock exchange.
Description
Zurich (awp) – The following topics are being discussed on the Swiss market today (price changes at 10:25 a.m.):
TECH STOCKS (VAT -2.7%, INFICON -2.9%, AMS OSRAM -2.1%, COMET -3.6%): Will it be more expensive to finance AI investments?
The Iran war is shaking up the stock markets. And of course the local tech stocks are also affected. But in this sector there is also the specter of interest rates. The high investments in AI technology, which result in increasing orders for suppliers, could now become more expensive. The high price of oil is fueling inflation and that is putting central banks in trouble. The Fed had already been hawkish the evening before, so interest rate cuts are probably not on the agenda for the time being. This means: The interest costs for the very sensitive tech companies remain high and could even rise. VAT, for example, had finally announced the long-awaited upswing in the semiconductor cycle. The war in the Middle East has the potential to stall this slow-starting engine. And the fact that these concerns are not only affecting investors in this country can also be seen in the price reaction of the Micron share following the latest quarterly figures. Despite expectations being exceeded, there are losses after trading. Next week, Inficon will provide the next piece of the puzzle for the industry with final figures – although here too the focus is heavily on the outlook.
SCHINDLER (-2.4% to 265 francs): Citigroup considers PS to be oversold
On the reporting day, Schindler‘s PS, like the majority of stocks, suffered from the escalation in the Middle East conflict. The stocks are now at an annual low. In market circles, reference is also made to comments from US competitor Otis, which pointed to the negative consequences of the war in Iran, among other things because of the disrupted delivery routes. This further weighs on sentiment for Schindler. Citigroup, however, points to the fact that Schindler is less exposed in the Middle East than its Finnish competitor Kone. Schindler is now oversold, so the stock has upward potential in view of the investor day in June.
Disclaimer: The information and opinions contained in the market discussion were compiled by professional traders. These are exclusively hearsay market rumors and speculations. AWP assumes no liability for the completeness or accuracy of the details and information. Legal action is excluded. The opinions expressed do not constitute a request to buy or sell. The content may not be reproduced or republished without the permission of AWP and is generally intended for personal use.
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