Carlsquare: Carlsquare/Vontobel weekly trading note: FTSE offers stability in troubled times
4 juni, 12:20
This week's case concerns the FTSE index, which we believe offers stability given that many of its constituent companies operate in the pharmaceutical, food and beverage, and financial sectors. Although S&P 500 companies reported strong results for the first quarter of 2025, Wall Street analysts have significantly lowered their earnings estimates for Q2 – Q4 2025.
The world's stock markets continue to be characterised by negotiations and uncertainty surrounding tariffs between the US and other countries. We have therefore chosen to analyse the FTSE index this week, partly because it is the second-best performing of the leading stock indices after the DAX. However, the main reason is that its composition of pharmaceutical and food companies, together with banks and some energy companies, provides lower risk and volatility than indices such as the S&P 500 and Nasdaq.
S&P 500 companies positively surprised the stock market with their Q1 2025 results in 78% of cases. However, Wall Street analysts have lowered their profit forecasts for Q2–Q4 2025 so sharply that the assumed profit growth has been halved since 21 March 2025.
From a technical analysis perspective, the S&P 500 and the Nasdaq appear to be stronger than the DAX and the OMX.
Please find out more in our weekly letter on certificates Vontobel.com: Read the weekly newsletter here
Link to the Swedish-translated version
Read more
About Vontobel:
As a globally operating financial expert with Swiss roots, Vontobel specializes in wealth management, active asset management and investment solutions. Structured Solutions & Treasury bundles different investment solutions for private investors either directly or via ecosystems. Read more
About Carlsquare
Carlsquare is a global research firm and financial advisor, focusing on M&A, Equity
Research and Growth Equity. Carlsquare has 150 employees with deep sector knowledge in all 11
GICS sectors. The senior equity research team has extensive experience about the stock
environment and several business sectors. The team produces company research reports,
independent valuations and trading notes. The group have offices in Canada, Denmark, France, Germany, Poland, Sweden, United Kingdom and United States. Read more
Attachments
Carlsquare/Vontobel weekly trading note: FTSE offers stability in troubled times
Carlsquare: Carlsquare/Vontobel weekly trading note: FTSE offers stability in troubled times
4 juni, 12:20
This week's case concerns the FTSE index, which we believe offers stability given that many of its constituent companies operate in the pharmaceutical, food and beverage, and financial sectors. Although S&P 500 companies reported strong results for the first quarter of 2025, Wall Street analysts have significantly lowered their earnings estimates for Q2 – Q4 2025.
The world's stock markets continue to be characterised by negotiations and uncertainty surrounding tariffs between the US and other countries. We have therefore chosen to analyse the FTSE index this week, partly because it is the second-best performing of the leading stock indices after the DAX. However, the main reason is that its composition of pharmaceutical and food companies, together with banks and some energy companies, provides lower risk and volatility than indices such as the S&P 500 and Nasdaq.
S&P 500 companies positively surprised the stock market with their Q1 2025 results in 78% of cases. However, Wall Street analysts have lowered their profit forecasts for Q2–Q4 2025 so sharply that the assumed profit growth has been halved since 21 March 2025.
From a technical analysis perspective, the S&P 500 and the Nasdaq appear to be stronger than the DAX and the OMX.
Please find out more in our weekly letter on certificates Vontobel.com: Read the weekly newsletter here
Link to the Swedish-translated version
Read more
About Vontobel:
As a globally operating financial expert with Swiss roots, Vontobel specializes in wealth management, active asset management and investment solutions. Structured Solutions & Treasury bundles different investment solutions for private investors either directly or via ecosystems. Read more
About Carlsquare
Carlsquare is a global research firm and financial advisor, focusing on M&A, Equity
Research and Growth Equity. Carlsquare has 150 employees with deep sector knowledge in all 11
GICS sectors. The senior equity research team has extensive experience about the stock
environment and several business sectors. The team produces company research reports,
independent valuations and trading notes. The group have offices in Canada, Denmark, France, Germany, Poland, Sweden, United Kingdom and United States. Read more
Attachments
Carlsquare/Vontobel weekly trading note: FTSE offers stability in troubled times
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