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

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


  • 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.

Inserting contact lens


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.

Alcon: Earnings, Valuation, Free Cash Flow Forecasts

BofA Global Research

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ALC: Shares Above Support, Watching the 200dma

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