What Makes Alcon (ALC) a Good Investment?

Group 1: Fund Performance - Parnassus Mid Cap Growth Fund returned 13.29% (net of fees) in Q2 2025, underperforming the Russell Midcap Growth Index which returned 18.20% [1] - Stock selection in the Industrials and Information Technology sectors negatively impacted the fund's performance, while holdings in the Financials sector contributed positively [1] Group 2: Alcon Inc. Overview - Alcon Inc. (NYSE:ALC) is a market leader in the eye care industry, headquartered in Geneva, Switzerland, focusing on research, development, manufacturing, and distribution of eye care products [2][3] - Alcon Inc. reported a one-month return of -5.59% and a 52-week loss of 24.30%, with a closing stock price of $75.00 and a market capitalization of $37.352 billion as of September 24, 2025 [2] Group 3: Investment Insights on Alcon Inc. - Parnassus Mid Cap Growth Fund initiated a position in Alcon Inc., expecting its culture of innovation to drive market share gains and revenue growth [3] - Alcon Inc. reported sales of $2.6 billion in Q2 2025, reflecting a 3% increase compared to the previous year [4] - Despite recognizing Alcon's potential, the fund believes certain AI stocks present greater upside potential and lower downside risk [4]