Top 3 Foreign Stocks for 2024

Stocks
1

My prediction

  1. Voxtur
  2. Hims & Hers
  3. illumin Holdings
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Inderesin kahvihuone (Osa 8)
2
  1. Strathmore Plus Uranium
  2. F3 Uranium
  3. Blackrock Silver
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3
  1. Hyzon Motors
  2. Intrum
  3. Amazon
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4
  1. Evolution.
  2. Sivers Semiconductor.
  3. Hexatronic.
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5
  1. Dwac
  2. Oroco
  3. Hyzon
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6
  1. Svolder
  2. VNV Global
  3. Latour

There aren’t very many foreign options in my own portfolio, so I’ll go with these. :slightly_smiling_face:

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Looking through my own portfolio, here are some good candidates:

  1. HIMS & Hers - the bottom line is just turning positive, which will trigger a rerating of multiples.
  2. Nekkar ASA - While waiting for the market’s largest order, the USD/NOK ratio is improving and new business lines are starting to show in the revenue.
  3. Sofi Technologies - Same situation as Hims; student loan repayments are resuming, bringing in new customers and revenue streams.

Bonus level: Saxlund Group AB - A focus on profitability will significantly lift earnings into the black, EUR/SEK returns closer to previous levels, after which valuation levels could be 4x the current :crossed_fingers:

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8
  1. Voxtur
  2. Aduro
  3. Oroco

Polish Markku’s power trio.:flexed_biceps:

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9

Okeanis
Lindex (if not accepted, then Hexatronic)
LAC

  1. Because super cycle
  2. Getting rid of the department stores and Lindex gets the valuation it deserves (and moves to the Stockholm listings ;))
  3. A small bet that aluminum prices will rise and there would be a decent amount of leverage.
    Only no. 2 in my portfolio for '24, so that’s the only one I have skin in the game for. :wink:
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10

Alibaba, BYD and Unity.

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11
  1. Hafnia
  2. Voxtur
  3. Serviceware

Ordered by Return x Probability. Dividends taken into account for the first one.

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12
  1. Alibaba
  2. Paypal
  3. Crocs
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13

1. PayPal

The company’s stock has plummeted significantly, and in my opinion, most of the decline has been completely justified.

However, the company still holds a very large market share in the e-commerce sector. Clearly, the majority of Americans use PayPal as a payment method at least occasionally for their online shopping. In China, its market share is about ten percent, but we’ll see how things go in an increasingly questionable China in the future… will PayPal massively increase its market share or will China drive PayPal out and replace it with its own alternative.

In my own bubble, for example on X, the sentiment regarding PayPal has been mostly very harsh, and the stock has plummeted, bleeding heavily as if it were dying. Competitors will likely continue to take a larger role and the company is unlikely to be able to grow its market share much, but on the other hand, many consider the company very undervalued; it’s still a giant in the industry, it has a strong cash position, and… the company has still performed quite alright.

https://keskustelut.inderes.fi/t/paypal-joko-salkkuun/28661

2. Cloudflare

Growing at a 30 percent pace for now. The company has expanded its business into services, for example, that allow client organizations to combine different hyperclouds into a single solution, which could apparently bear fruit especially in the future. Management is apparently quite long-term in its plans, and the company is able to offer a wide range of services such as security solutions, storage stuff, and others that apparently support each other.

https://keskustelut.inderes.fi/t/cloudflare-cdn-aa-ja-taistelua-palvelunestohyokkayksia-vastaan/18528?u=sijoittaja-alokas

3. Kelly Services

Kelly Services is a provider of workforce solutions.

The company has made changes to its business that are already somewhat visible in the results, but revenue hasn’t been particularly impressive lately.

Kelly is also selling its European staffing business and intends to reinvest these funds into its other business areas. In the new strategy, administration is being whipped into shape and costs are being reduced, e.g., by reducing the workforce. Perhaps these solutions can also contribute to the stock’s rise next year, and some indeed feel the company’s stock is currently unnecessarily undervalued.

EDIT:

I don’t really know English, so I’ve read a lot on the Forum about foreign companies, and besides that, I’ve Googled a lot and used various translation programs for foreign articles.

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14
  1. Hims & Hers
  2. Alibaba
  3. Porch Group
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15

  1. Flowscape AB: The share price is still at fairly low levels (a common problem in the SaaS industry) even though the company’s profitability is improving steadily. Partner agreements signed this year are starting to bear fruit and a new software release provides additional sales.

  2. Precise Biometrics AB: The general economic improvement increases demand and investments in international expansion are starting to generate revenue. Recurring revenue is growing as a share of the company’s sales, which improves the company’s valuation.

  3. Hexatronic Scandinavia AB: A follow-along stock that I know nothing about :slight_smile:

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16
  1. Bruker.
  2. Napco securities
  3. Atkore

I bought a little of each. This time, the rationale is based only on numbers and tailing others. For some, the interim reports seemed to continue along the same lines. I don’t actually believe these will succeed in the “top 3” race on a one-year horizon, but rather will be “quite nice” investments over a more than one-year horizon.

Bruker. Makes diagnostic equipment, e.g., for the healthcare sector. It seemed a bit expensive. It has been able to strengthen its balance sheet (improve its leverage ratio) in recent years.
kuva

Napco. I believe that demand growth might even surprise, especially if the atmosphere of distrust increases in the States. This may happen due to the political deadlock.
kuva

Atkore. There were a lot of arguments in another thread. They managed to sell the idea of ownership here as well. I read somewhere that a regular decline in “earnings” is predicted for the coming years, which is a bit concerning.
kuva

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  1. Mind Technology - Market cap is around 9 million USD and relative to that, there’s a hell of a lot of stuff in the backlog! If supply chain bottlenecks and such get sorted out, then let’s frigging go!

  2. Magnora ASA - The slick-hairs at Pareto are working their heads off exploring corporate structure maneuvers to boost shareholder value. Knowing the track record of the CEO and the Chairman of the Board, I don’t think these gentlemen would let just any crap through. Simply getting a “pure-ESG” label would probably trigger massive buying from those silly ESG funds.

  3. Voxtur - At the end of the day, it seems to be a hellishly cyclical company and will hopefully take off like a rocket once interest rates drop and the housing market eases. Time will tell if 2024 is the year this happens, or if it starts being front-run into the stock. Of course, gotta hope the whole thing doesn’t go bankrupt before then.

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Off the top of my head:

  1. Zoom
  2. Roku
  3. Coinbase
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19
  1. Oatly
  2. Evolution
  3. Lohilo

Evolution is unlikely to flop, but it won’t skyrocket either. Oatly and Lohilo have “better” risks then :face_with_peeking_eye:

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20
  1. Fisker
  2. Voxtur
  3. Plug

See you next year :saluting_face:

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