This week Valeo reported sales figures for the first quarter of 2016. Sales rose 10 per cent over the same quarter last year beating market expectations. The share price on the French stock exchange has risen 3.9 per cent at the time of writing. Valeo manufactures automobile components. The company manufactures clutches, engine cooling, parts, lighting, electrical systems, windshield wipers, motors and actuators, security systems, electronics, and connective systems for automobile manufacturers and the aftermarket. Valeo's products are sold in Europe, Asia, North America, and South America. The company keeps on profiting from a leading position in automobile emissions technology. Recent emissions and fuel efficiency scandals continue to place the company in an ideal position. The company has also doubled sales in China every four years, which makes China the leading market for Valeo. Looking forward an accelerating order intake and improving profitability reinforce the investment case. Apple Inc Apple reported results that are below our expectations despite a general market conservative view. Guidance for the next quarter was also subdued and below our estimates. Apple results...
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