Which Swiss stocks can still thrive despite economic uncertainty?

The Swiss stock market has gained close to 10% since the start of the year, but investors continue to look for opportunities that can combine resilience and growth. Despite a challenging backdrop marked by US tariffs and ongoing geopolitical uncertainty, several sectors continue to offer attractive prospects.

In an article published by Tribune de Genève, Daniel Steck, Head of Equity Research at Piguet Galland, shares his views on the themes that could continue to support Swiss equities in the months ahead.

 “We favour the industrial sector. Artificial intelligence can be accessed through infrastructure, power generation and cooling systems, all of which are export-oriented industries.” 

Daniel Steck believes investors should broaden their horizons beyond the industry’s most established names.

“Investors should look beyond the traditional Roche-Novartis pairing and explore opportunities in areas such as medical technology and orthopaedic specialists.”​‌

While the overall outlook remains constructive, several sources of uncertainty continue to weigh on markets. Energy prices, ongoing geopolitical tensions in the Middle East and the US political landscape could all contribute to market volatility in the months ahead.

Read the full article in Tribune de Genève (French only)