Deutsche Bank Still Soaring, TUI Fighting Hard for a Rebound and Strategic Resources Could Surprise Everyone!

TUI: Caught Between Travel Demand and Weak Consumer Spending

Shares in TUI, the world's largest tourism group, are currently fluctuating within a fairly narrow range around EUR 7.10 but face significant headwinds. The picture within the sector is mixed: while popular European holiday destinations such as Greece are recording strong revenue growth, with travellers from the United States in particular spending a great deal of money per capita, sentiment surrounding TUI shares remains noticeably subdued, primarily due to the ongoing consumer slump in its home market of Germany. It is also likely due to the Iran conflict, as it noticeably dampened the holiday mood, although that is already on the wane. Nevertheless, this weaker domestic demand is weighing on TUI's price-adjusted turnover and dampening the general euphoria over otherwise crowded beaches in southern Europe.

From a technical analysis perspective, the share price managed a brief rise above the 50-day SMA, which stands at EUR 7.21, at the end of August. However, the overarching downward trend remains a tough nut to crack. Analysts, such as those at Barclays, recently adjusted their price target slightly downward from EUR 10.00 to EUR 9.75, while maintaining their positive rating. For investors, however, this also means that the tourism group's fundamental story remains intact. Higher margins, nevertheless, depend heavily on a more stable travel market and on management's ability to strike the right balance in its destination mix. TUI therefore remains a promising stock for the time being, but is only recommended once the 200-day SMA at EUR 7.57 has been breached. For now, TUI is more of a stock to watch from the sidelines.

Deutsche Bank: A Sensational Comeback

The situation in the European financial sector is markedly different, with Deutsche Bank currently performing exceptionally well. At the end of August, the Frankfurt-based bank's shares reached almost EUR 35, their highest level in 15 years. What an impressive surge. And this is certainly no fluke, as the second quarter brought the bank a post-tax profit of almost EUR 2 billion. This represents a 10% increase on the previous year and marks the best second quarter in the company's recent history. These extremely strong fundamentals demonstrate that the tough years of restructuring in the past are finally bearing fruit. One can only congratulate the management on such an achievement!

At a strategic level, too, the management is currently making further extremely strong moves that are likely to continue to please investors. For instance, the appointment as a renminbi clearing bank by the Chinese central bank strengthens the bank's position in Asian-European payments. A new partnership with Google Cloud is also set to integrate artificial intelligence into the bank's day-to-day operations.

Shareholders are also likely to be pleased that a share buyback program worth billions has just been completed and has been seamlessly followed by another worth over EUR 500 million. It is therefore no surprise that analysts are expressing their delight. One example is Landesbank Baden-Württemberg, which has raised its target price to EUR 39.00 and strongly recommends the share as a "Buy".

Strategic Resources: A Closer Look at the Stock Could Pay Off

Beyond TUI and Deutsche Bank, Strategic Resources is focused on critical minerals such as vanadium, titanium, and high-purity iron for the production of green steel.

At the end of May, the management submitted its final responses to the Ministry of the Environment in Québec in order to obtain final approval for the expansion of the iron ore pellet plant at the BlackRock project from 1.5 to 4 million tonnes per year. CEO Sean Cleary expects the green light for this project in the coming months; it benefits from a 39-year mine life, affordable hydroelectric power, a direct pipeline connection and a USD 150 million financing partnership with Javelin Global Commodities.

There is also great news in Europe and for Europe, as Strategic Resources announced on June 29, 2026, that the vanadium-rich concentrate from the Finnish Mustavaara project had been selected for the University of Oulu's EUR 17 million FutSteel project. This underlines the deposit's enormous strategic importance for hydrogen-based, fossil-free European steel production.

From a technical analysis perspective, the share is currently trading at around CAD 0.23 and, to generate sustained momentum, it must break through the CAD 0.30 mark, ideally even CAD 0.32. If this is achieved, the path opens up towards CAD 0.40 and even the rather lucrative CAD 0.60. It should be noted that this is technically possible. Of course, all of this would also need to be underpinned fundamentally by corresponding corporate performance. To begin with, a swift return above the CAD 0.25 mark would be an initial, extremely positive signal that the recent selling pressure has finally been absorbed by buyers. Then, the potential for the share price to double could indeed materialize.

The current markets call for a controlled and considered approach. Whilst TUI is heavily dependent on the "economic climate" in the tourism sector and currently still requires a fair amount of patience and nerve, Deutsche Bank is already rewarding its investors with pleasing price gains from a position of absolute strength. However, Strategic Resources also offers future potential. Speculative investors will find this a well-positioned company at the forefront of green steel, thanks to exciting projects in Canada and Finland.