Nicolas Oddo @Cheetah26: "💡 𝗤𝟮 𝗲𝗮𝗿𝗻𝗶𝗻𝗴𝘀 𝘀𝗲𝗮𝘀𝗼𝗻 𝗰𝗼𝗻𝘁𝗶𝗻𝘂𝗲𝘀..."

United Kingdom

💡 𝗤𝟮 𝗲𝗮𝗿𝗻𝗶𝗻𝗴𝘀 𝘀𝗲𝗮𝘀𝗼𝗻 𝗰𝗼𝗻𝘁𝗶𝗻𝘂𝗲𝘀 💡 Dear followers and copiers, 𝗤𝘂𝗮𝗿𝘁𝗲𝗿𝗹𝘆 𝗲𝗮𝗿𝗻𝗶𝗻𝗴𝘀 𝗿𝗲𝗽𝗼𝗿𝘁𝘀 𝗮𝗿𝗲 𝘄𝗵𝗮𝘁 𝗿𝗲𝗮𝗹𝗹𝘆 𝗺𝗮𝘁𝘁𝗲𝗿𝘀 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗰𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗽𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼, 𝗮𝗻𝗱 𝗰𝗮𝗻 𝘀𝗶𝗴𝗻𝗮𝗹 𝗴𝗼𝗼𝗱 𝗲𝗻𝘁𝗿𝘆 𝗼𝗿 𝗲𝘅𝗶𝘁 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀. This week, major companies in the US are reporting on Q2, among which 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝗡𝗼𝘄 $NOW (ServiceNow Inc) which is in my portfolio, and $GOOG (Alphabet) 𝘄𝗵𝗶𝗰𝗵 𝘄𝗶𝗹𝗹 𝗯𝗲 𝘁𝗵𝗲 𝗳𝗶𝗿𝘀𝘁 𝗼𝗳 𝘁𝗵𝗲 𝗔𝗜 𝗵𝘆𝗽𝗲𝗿𝘀𝗰𝗮𝗹𝗲𝗿𝘀 𝘁𝗼 𝗿𝗲𝗽𝗼𝗿𝘁. I'll be following that closely; more details in the screenshot. In our portfolio, we also had 𝗕𝗲𝗹𝗶𝗺𝗼 $BEAN.ZU (Belimo Holding AG) which 𝗿𝗲𝗽𝗼𝗿𝘁𝗲𝗱 𝘀𝘁𝗿𝗼𝗻𝗴 𝗿𝗲𝘀𝘂𝗹𝘁𝘀 𝘆𝗲𝘀𝘁𝗲𝗿𝗱𝗮𝘆 (I'll write more on that on a dedicated post tomorrow). 📌 #𝟮 𝗦𝘁𝗼𝗰𝗸 𝗿𝗲𝗽𝗼𝗿𝘁𝗲𝗱 𝘁𝗼𝗱𝗮𝘆: More importantly, 𝗩𝗶𝗿𝗯𝗮𝗰 $VIRP.PA (Virbac SA) which is 𝘁𝗵𝗲 𝟮𝗻𝗱 𝘀𝘁𝗼𝗰𝗸 𝗶𝗻 𝗺𝘆 𝗽𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝗿𝗲𝗽𝗼𝗿𝘁𝗲𝗱 𝗲𝗮𝗿𝗻𝗶𝗻𝗴𝘀 𝘆𝗲𝘀𝘁𝗲𝗿𝗱𝗮𝘆 𝗮𝗳𝘁𝗲𝗿 𝗺𝗮𝗿𝗸𝗲𝘁 𝗰𝗹𝗼𝘀𝗲: 📌 𝗦𝗼𝗹𝗶𝗱 𝗴𝗿𝗼𝘄𝘁𝗵 𝗼𝗳 +𝟳.𝟰% at CERS (Constant Exchange Rate and Scope) in H1 2026 📌 𝗕𝗮𝗹𝗮𝗻𝗰𝗲𝗱 𝗴𝗿𝗼𝘄𝘁𝗵 𝗶𝗻 𝗯𝗼𝘁𝗵 𝘀𝗲𝗴𝗺𝗲𝗻𝘁𝘀 : companion animal +10.0% and farm animal +6.7% 📌 𝟮𝟬𝟮𝟲 𝗴𝘂𝗶𝗱𝗮𝗻𝗰𝗲 𝗰𝗼𝗻𝗳𝗶𝗿𝗺𝗲𝗱 𝗮𝘁 𝘁𝗵𝗲 𝘂𝗽𝗽𝗲𝗿 𝗲𝗻𝗱 𝗼𝗳 𝘁𝗵𝗲 𝗿𝗮𝗻𝗴𝗲 𝗩𝗶𝗿𝗯𝗮𝗰 𝗶𝘀 𝗴𝗿𝗼𝘄𝗶𝗻𝗴 𝘀𝗹𝗼𝘄𝗹𝘆 𝗯𝘂𝘁 𝘀𝘁𝗲𝗮𝗱𝗶𝗹𝘆, 𝗮𝗻𝗱 𝗶𝘀 𝗼𝗽𝗲𝗿𝗮𝘁𝗶𝗻𝗴 𝗶𝗻 𝗮 𝘃𝗲𝗿𝘆 𝗱𝗲𝗳𝗲𝗻𝘀𝗶𝘃𝗲 𝘀𝗲𝗰𝘁𝗼𝗿 (animal health, both for pets and farming). I reckon the share price is currently 𝘀𝘂𝗳𝗳𝗲𝗿𝗶𝗻𝗴 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗹𝗮𝗰𝗸 𝗼𝗳 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗶𝗻 𝗱𝗲𝗳𝗲𝗻𝘀𝗶𝘃𝗲 𝗰𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 vs the huge gains that can be obtained in tech and AI. However, I've observed and taken note several times of how Virbac's stock reacts when the $NSDQ100 drops 4 or 5% in a day, and it's 𝗹𝗮𝗿𝗴𝗲𝗹𝘆 𝘂𝗻𝗰𝗼𝗿𝗿𝗲𝗹𝗮𝘁𝗲𝗱, which means at some point in the next few years, when there is a crash in tech stocks, we'll be very happy to hold it. So Q2 earnings confirmed it deserves the current portfolio allocation. As always, please let me know if you have any questions. Thank you, take care and trade safe! Nico $SPX500

Not investment advice. The author may have financial interests in the mentioned instruments.