Glennjdk
𝐏𝐡𝐢𝐥𝐢𝐩𝐬 𝐢𝐬 𝐬𝐭𝐢𝐥𝐥 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐛𝐞𝐥𝐨𝐰 𝐢𝐭𝐬 𝐂𝐎𝐕𝐈𝐃 𝐜𝐫𝐚𝐬𝐡 𝐩𝐫𝐢𝐜𝐞. 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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