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Philips Topped FEZ, Rose 6% as It Posted Strong Earnings

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FEZ’s top performers

On Tuesday, January 26, 2016, the stocks at the top of the SPDR Euro Stoxx 50 ETF (FEZ) were Philips, Siemens (SIEGY), EON, Repsol, Unicredit (UNCFF), Deutsche Bank (DB), and Banco Santander (SAN). These stocks rose 6%, 5.7%, 5.2%, 4.2%, 3.9%, 3.6%, and 3.5%, respectively, on that day.

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Philips’s fourth quarter earnings

The Netherland-based electronics giant Philips reported its quarterly earnings on January 26, 2016. The company posted strong quarter earnings, with a profit rise of 55%. In 2015, the company posted sales of 24.2 billion euros compared to 21.4 billion euros in 2014.

Additionally, the company’s net income stood at 659 million euros in 2015 compared to 411 million euros in 2014. In the fourth quarter, the company reported sales of 7.1 billion euros compared to 6.5 billion euros in the fourth quarter. The rise in growth is due to the growth in medical equipment.

Philips’s returns

Currently, Philips is trading at 24.1 euros. Its 52-week high is 28 euros while its 52-week low is 20.5 euros. The stock returned -2% in 2015. Also, its price-to-earnings ratio is 55.24x, or relatively higher than the ratios of its peers.

Philips is trading 3% above its 100-day moving average, 2% above its 50-day moving average, and 4% above its 20-day moving average. The stock is moving toward an uptrend by maintaining its 50-day moving average as a strong support point. Analysts’ estimates indicate an upside of 10% for Philips over the next 12-month period from its current levels as of January 26, 2016.

In the next part of this series, we’ll analyze the performance of Siemens on January 26, 2016.

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