Glenn Jorgensen
𝐏𝐑𝐒π₯𝐒𝐩𝐬 𝐒𝐬 𝐬𝐭𝐒π₯π₯ 𝐭𝐫𝐚𝐝𝐒𝐧𝐠 π›πžπ₯𝐨𝐰 𝐒𝐭𝐬 π‚πŽπ•πˆπƒ 𝐜𝐫𝐚𝐬𝐑 𝐩𝐫𝐒𝐜𝐞. We are heading into a busy earnings week with some of the largest companies in the $SPX500 such as $AMZN (Amazon.com Inc) and $AAPL (Apple) reporting earnings. Additionally, many European companies will be reporting earnings, including $PHIA.NV (Koninklijke Philips N.V.) / $PHG (Koninklijke Philips NV) which is scheduled to report earnings on Monday. Philips is still trading below its COVID crash price due to the recall of millions of Respironics and sleep apnea devices. This recall was initiated because of potential health risks associated with the sound abatement foam component used in the devices. Philips has focused on a smaller portfolio, which allows the company to concentrate on its high-growth drivers, bring their innovations to market, and support their successful products with scale. If successful, this strategy should make Philips more profitable in the future. If you want to learn more about Philips and see if it trades at a discount, you can read my analysis here: www.investseekers.com/post/philips-will-the-company-regain-trust Have a nice Saturday
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