Rebound Opportunity with an underestimated Tech Giant!
The record order backlog is likely to underpin future growth. Combined with recent price declines, an attractive buying opportunity could arise!
Reading Time: 2 minutes
Siemens AG reported a historic record order backlog of €120 billion and an impressive margin of 15.6% in its industrial core business with the figures presented on February 12th for the first quarter. The upwardly revised annual forecast also convincingly demonstrates that the management fully trusts in its own earnings power. The market acknowledged these developments with a breakout to an all-time high, before subsequent profit-taking put pressure on the stock. This price correction could, however, present an interesting entry opportunity for...
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