Alcon: Eyeing A Growth Story That Could Benefit From A Weaker Dollar

Nov. 18, 2022 2:31 AM ETAlcon Inc. (ALC)

Summary

  • It's rare to find a high-growth foreign company that isn't stuck in a big downtrend.
  • While ALC shares are down sharply year-on-year, its valuation is not so bad considering impressive EPS growth.
  • After an earnings beat this past week, the stock rests at a favorable technical level, too.

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ContentWorks

Did the U.S. dollar peak? That is a major question as we head into year end. If the greenback indeed turns south in 2023, that could be a major tailwind for foreign stocks. Consider that even in 2022 with an extraordinarily strong dollar, ex-U.S. equities

Foreign stocks are now beating U.S. stocks YTD. And this with the USD +12.5% in 2022.

Stockcharts.com

Alcon: Earnings, Valuation, Free Cash Flow Forecasts

BofA Global Research

ALC: Shares Above Support, Watching the 200dma

Wall Street Horizon

ALC: Shares Above Support, Watching the 200dma

Stockcharts.com

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CFA & CMT Charterholder | Freelance Financial Writer at SoFi & Ally | Investments | Markets | Personal Finance | RetirementI create written content used in various formats including blogs, emails, white papers, and social media for financial advisors and investment firms in a cost-efficient way. My passion is putting a narrative to financial data. Working with teams that include senior editors, investment strategists, marketing managers, data analysts, and executives, I contribute ideas to help make content relevant, accessible, and measurable. Having expertise in thematic investing, market events, client education, and compelling investment outlooks, I relate to everyday investors in a pithy way. I enjoy analyzing stock market sectors, ETFs, economic data, and broad market conditions, then producing snackable content for various audiences. Macro drivers of asset classes such as stocks, bonds, commodities, currencies, and crypto excite me. I truly enjoy communicating finance with an educational and creative style. I also believe in producing evidence-based narratives using empirical data to drive home points. Charts are one of the many tools I leverage to tell a story in a simple but engaging way. I focus on SEO and specific style guides when appropriate. My CFA and CMT backgrounds demonstrate prowess in investment management and my professional experience includes extensive public speaking and communication. Moreover, my extensive university teaching and professional trading experience provide useful skills. Past roles also include heavy use of Excel modeling and chart creation as well as PowerPoint.I am a contributor to The Dividend Freedom Tribe. I am a contributor to Topdown Charts.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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