FEZ: Euro Strength A Tailwind, Still Cheap On A P/E Basis

  • I reiterate my buy rating on FEZ, citing strong performance, reasonable valuation, and favorable risk metrics versus the S&P 500. FEZ benefits from a weak US dollar, robust price momentum, and a 2.5% dividend yield, appealing to both growth and income investors. While seasonality warns of potential August-September weakness, technicals show a solid uptrend and strong support levels for FEZ.