Enzo Willcox

The SOXX paradox: break records… and the market will punish you

In 2026, it seems that delivering a flawless quarter no longer shields you from a shakeout. Examples are piling up across the semiconductor sector, even more so as investors grow impatient with colossal spending.

July 22, 2026 at 05:35 pm

The Microsecond War: How Physics Took Control of Wall Street

There is actually a way to win in the markets almost every time, although it's nearly out of reach for individual investors. Some firms have made it their calling card, sparking a race for speed measured in billions of dollars and the laws of physics.

July 22, 2026 at 03:11 pm

SAP: a cloud giant in the sales during the AI era

Boosted by the rise of its cloud solutions, SAP was recently trading not far from its market peaks. Since then, the stock has suffered a sharp correction, returning to far more attractive valuation levels. However, its financial results in no way suggest a company that is in trouble. As fears of disruption by artificial intelligence gradually fade away, SAP stands out as a compelling name, available at a price well below its true potential

July 16, 2026 at 11:34 am

Richemont restores momentum to luxury, Axfood under pressure

Earnings season is getting off to a flying start, with Richemont beating expectations and clearing the skies for the entire sector, ASML does the same. Axfood reports results in a tough quarter as its rival gains market share. Storebrand and Barratt Redrow launch share buyback programs

July 15, 2026 at 10:56 am

AstraZeneca tumbles, Schott Pharma raises its ambitions

Healthcare is in the spotlight today: AstraZeneca fails a phase 3 trial for a cardiac treatment. By contrast, Computacenter is pointing to a near-doubling of profit, while Capgemini is punished in the stock market after a Citigroup rating change.

July 09, 2026 at 10:44 am

Calm Before the Storm

The Q2 earnings season kicks off next week. Market expectations are even higher than they were at the start of the year, a setup that is bound to leave some investors disappointed. Major US banks, TSMC and ASML will set the ball rolling next week.

July 08, 2026 at 05:18 pm

Hermes at 1,600 euros: what if real luxury is somewhere else?

The recent pullback in luxury has created genuine buying opportunities. Yet the price of entry into the industry's giants remains high. A closer look at three companies with compelling profiles, ideally positioned if financial flows return.

July 03, 2026 at 03:55 pm

Hong Kong: The Ugly Duckling of Tech

While Japan, Taiwan, and South Korea dominate the market spotlight, Hong Kong has been languishing since the start of the year. The Hang Seng is down 10%, placing it at the back of the pack among major global indices.

June 25, 2026 at 05:29 pm

Medpace: At the Heart of the Small-Cap Biopharma Crisis

Caught between solid fundamentals and a lagging stock price, the clinical testing firm is paying the price for earnings reports that signal a slowdown in orders. The situation is further complicated by management's uncharacteristic delay in launching share buybacks, a move that usually reassures the market, although which has yet to materialize this time around.

June 17, 2026 at 11:12 am

Clearer Skies for Black Gold

After months of ineffective rhetoric, Donald Trump's latest intervention finally seems to be hitting the nail on the head. Brent crude has plunged 12% in a single week, dragging oil stocks down in its wake.

June 15, 2026 at 12:33 pm

A Clearing Sky for Black Gold

After months of fruitless rhetoric, Donald Trump's latest intervention finally seems to be hitting the mark. Brent crude has plunged 12% in a single week, dragging oil stocks down in its wake.

June 15, 2026 at 11:11 am

The Economy of Laziness

After decades of automation and innovation designed to save us time, what's the final verdict? Have we made the right choices, or has our free time simply served to fuel the growth of tech giants?

June 11, 2026 at 05:35 pm

When AI hides in the restroom: the best-kept secret in Japanese tech

Driven by an ultra-profitable yet niche ceramic segment, Japan's TOTO is navigating a stark divide between the Chinese real estate crisis and the semiconductor boom. As activist fund Palliser recently unveiled the company's near-monopoly on a key technology, the stock still offers a fundamentally undervalued entry point to play… AI infrastructure!

June 11, 2026 at 12:12 pm

Hugo Boss Shines While Camurus Faces Delays

Shifting analyst recommendations are driving market movement, with Kontron benefiting from a modest premium. Bank of America has reaffirmed the positive trend for ASM, while Halma shares tumbled despite solid earnings. Meanwhile, Camurus is lagging following a delay in the approval of its acromegaly treatment.

June 11, 2026 at 11:11 am

Tate & Lyle Draws Interest, M6 Returns to the Spotlight

Consolidation in the Italian banking market continues with an Intesa Sanpaolo takeover bid for Monte dei Paschi. UBS shifts its stance on Porsche, while DSM-Firmenich and Arkema retreat following rating downgrades from Goldman Sachs.

June 08, 2026 at 11:42 am

Rational: A Busy Roadmap for the Chefs' Workshop

Already a staple in our restaurants, Rational is playing a clever game: 3/4 of the global market still eludes it. While the stock is currently treading water amid geopolitical and trade tensions, the German group's solid fundamentals point towards an impressive long-term expansion.

June 03, 2026 at 05:17 pm

Technoprobe: A tech gem priced for perfection

After several years of stagnation, the Italian group is returning to growth. Investors have taken note of this, driving the stock well beyond its previous peaks. However, trading at over 72x earnings, there is no room for error.

June 03, 2026 at 01:11 pm

Inditex Gains Ground, Partners Group Limits Withdrawals

The parent company of Zara reported a surge in sales. Sodexo and Veolia benefited from Barclays' recommendations, while Norwegian Air Shuttle struggled following a downgrade from Danske Bank. Clas Ohlson posted disappointing results.

June 03, 2026 at 11:14 am

UniCredit cleared to raise Commerzbank stake beyond 30%

By preparing to cross the critical 30% ownership threshold, UniCredit is seizing the reins in its standoff with Commerzbank. This shift hands the Italian lender full control of the timeline. The balance of power has flipped; the ball is now in Milan's court.

June 02, 2026 at 03:59 pm

UniCredit Cleared to Exceed 30% Stake in Commerzbank

By preparing to cross the critical 30% ownership threshold, UniCredit is seizing the levers of control in its pursuit of Commerzbank. This shift grants the Italian lender mastery over the timeline, effectively reversing the balance of power: the ball is now in Milan's court.

June 02, 2026 at 12:25 pm

Aspeed: The Small Chip Essential to the World's Supercomputers

A stock that has surged over 500% in a year, margins exceeding 50%, a central position in AI infrastructure, and yet a single technology dominated by this Taiwanese company. This is the recipe that has driven Aspeed's success, long before its 2013 IPO.

June 01, 2026 at 12:36 pm