The YouTuber recommends Euronext, the operator of several European stock exchanges, as a high-quality business with monopolistic characteristics and high-profit margins. They argue that lower interest rates will stimulate economic activity and stock market trading, directly benefiting Euronext through increased commissions. The company has a strong track record of growth, dividend payments, share buybacks, and is currently trading at a P/E ratio (15x) comparable to the European market average, despite being a superior business with strong competitive advantages and clear growth targets.
“De hecho euronext 80 y Eh pues ha ido reflejando esa esa subida vale Y es una empresa que ha generado muchísimo valor hace años ganaba 3 por acción y el año que viene se se espera que gane casi 7 por acción a la vez que ha pagado muchos dividendos a los accionistas que habrá que sumar esa rentabilidad y ha dado eh recompras de acciones.” — ▶ 33:40