Swiss Stocks: record high for the SMI could just be the beginning
A newfound interest in defensive growth stocks has contributed, among other things, to a soaring Swiss Market Index (SMI). The SMI is a quality stocks trade, with potential for a softer swiss franc to juice the gains assuming a full-fledged economic recovery.
Swiss Stocks: Bachem Holding is up 102% YTD. Is there more to come?
Bachem holding is rarely talked about, but it is one of the great performing companies in the Swiss pharma industry. Market leader in the production of peptides, they have continuously beaten earnings expectations and their stock grew 102% year to date.
Needless to say, it has been a very weird year for the industry. As some of you may know, watch marketing goes a lot through tradeshows, and most were cancelled this year. Partly due to this, many watch releases were pushed to 2021.
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