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Won Europe Today

Posted on December 30, 2021 by admin

Yesterday,

European markets inched lower yesterday on thin holiday trading volume. The markets were turbulent due to
updates on the omicron variant and macroeconomic trends, potentially affecting the monetary policies. We
recommend that investors continue to maintain caution and book profits in extended stocks.
The Stoxx 600 retreated 11bps, while continuing to form the right side of a flat base. It is trading 1% off its all-time
high and the pivot, 2.1% above the 50-DMA support level. Most key sectors closed in the red, with Auto and Travel &
Leisure down 1.1% and 1.1%, respectively. Media and Construction gained 0.6% each.
Among other major indices, France’s CAC and Germany’s DAX fell 0.3 % and 0.7%, respectively, on high volumes,
after new coronavirus cases reached 179,807 in a 24-hour period and hit the highest one-day record since the start
of the pandemic. The CAC and DAX, despite each recording a distribution day, continue to trade above their key
support levels. The U.K.’s FTSE 100 gained 0.7%, breaching the resistance at 7,404 on good volume.
Among the 17 indices we track in Europe, 13 dropped slightly to moderately while Austria, Ireland, Portugal, and the
U.K closed in the green. In addition to France and Germany, the Netherlands and Switzerland also recordeda
distribution day, thus bringing the average distribution day count of European markets to 3.4.
Actionable names in the Focus List include Alcon (ALC.CH; ALC:SW), Dassault Systemes (DSY.FR; DSY:FP),
Infineon Techs (Xet) (IFXX.DE; IFX:GR), Nibe Industrier (NIBE.SE; NIBEB:SS), ParagonBanking Group PLC
(PAG.GB; PAG:LN), Schneider Electric (QT@F.FR; SU:FP), and Teleperformance (ROFR.FR; TEP:FP).

Won Europe Today

Posted on December 29, 2021 by admin

Yesterday,

European markets continued to climb above their 50-DMA, albeit on low volumes. Given the uncertainty around
Omicron and with potential tightening of monetary policy, markets seem directionless at the moment. We
recommend that investors remain cautious while adding any new risk and book profits in extended names.
The Stoxx 600 is nearing its all-time high. It continues to remain in an Uptrend Under Pressure with five distribution
days. Among sectors, Utilities gained about 1.2% while Retail, Autos, and Travel & Leisure lagged.
Among other major indices, France’s CAC is finding resistance at its all-time high. Germany’s DAX has climbed to
strong resistance zone around 16,000 price levels. The U.K.’s FTSE 100 formed a downside reversal after finding
supply at 7,400 price levels.
Among the 17 indices that we track in Europe, only Austria closed in negative territory. New addition Alcon
(ALC.CH; ALC:SW) is actionable after breaking out of a stage-one consolidation. Other actionable names in the
Focus List include Dassault Systèmes (DSY.FR; DSY:FP), Schneider Electric (QT@F.FR; SU:FP),
Teleperformance (ROFR.FR; TEP:FP), Paragon Banking Group PLC (PAG.GB; PAG:LN), and Infineon Techs (Xet)
(IFXX.DE; IFX:GR).

The U.S. market remains in a Confirmed Uptrend. The S&P 500 fell slightly on Tuesday but held the prior day break into all-time highs. Support is the prior high around 4,740, and the now rising 21-DMA (4,677). The Nasdaq fell by around 60bps after four days of gains. It is testing resistance from the midpoint of an eight-week consolidation (~15,800) while remaining about 2.5% off all-time highs (16,212). Both indices avoided distribution, with the count at five and four, respectively, with one day expiring on both indices early next week.

O’Neil Capital Equipment Sector Weekly

Posted on December 29, 2021December 30, 2021 by admin

FTI Consulting (FCN; $5B market cap; $27M ADV) offers services to corporate finance and restructuring, risk management, economic consulting, and technology consulting.
The company has a wide network of operations in over 29 countries. It is expected to benefit from increased investment in high-margin segments: corporate finance (gross
margin of 35%), technology (34%), and strategic communication (41%). Increased penetration of key industries (retail, healthcare, and TMT and industrials), demand from
overseas clients (in APAC and EMEA), and the expansion of addressable market through new distribution channels are expected to drive growth. Management has guided FY21
revenue of $2.75B–2.90B, implying mid-point growth of 13% y/y, with adjusted EPS of $6.50–6.75 (+11% y/y). The company has a strong set of fundamental ratings: EPS Rank
of 92, SMR Rating of B, and Composite Rating of 93. Consensus expects EPS to grow 10–12% y/y with sales CAGR of 8% in the next two years. The stock is breaking out of a
stage-one flat base to a 52-week high. It has a flat RS line with a good RS Rating of 85 and an A/D Rating of B. It is actionable above its pivot at $154.8 (+1%). Pair it with

Won Europe Today

Posted on December 28, 2021 by admin

We released our European Weekly Summary yesterday. Click here to access the report. Key points from it include:

Though the Stoxx 600 broke above its 50-DMA, it continues to trade in a consolidation base within the 460–490
range and has immediate support at its 50-DMA. The index remains in an Uptrend Under Pressure with five
distribution days.
We recommend a patient approach to adding risk: reduce exposure in ideas breaking below logical levels of
support and continue to focus on quality ideas showing strong near-term relative strength and trading above their
respective 50-DMA.
Transportation led the markets last week but short-term momentum over four weeks remains positive among Basic
Material, Consumer Staple, and Utility. Cyclical, Financial, and Energy stocks continue to show weak trends in short
term (over four weeks).
European Focus List Update: We added Verbund (VERB.AT; VER:AV) and removed Adyen (ADYE.NL; ADYEN:NA).

Won Global View

Posted on December 28, 2021 by admin

The U.S. market was shifted back to a Confirmed Uptrend from an Uptrend Under Pressure on Monday. The S&P 500 broke into fresh all-time highs (above the prior high: 4,743) after having consolidated for the past eight weeks. The Nasdaq built on last week’s retake of the 50-DMA but remains 2% below prior highs of 16,212. Distribution count remains at five each, with one day expiring on the S&P 500 this week. On the leading S&P 500, we will look for the short-term 21-DMA to begin to provide initial support as it rises in the coming days (currently 4,644).

Won Europe Today

Posted on December 27, 2021 by admin

On Friday,

European markets were mostly flat ahead of Christmas, with 10 out of the 17 markets being closed. Out of the
seven open markets, Ireland was the only market to end in positive territory. Other markets ended in the red,
including France and the U.K. We recommend that investors remain cautious as leadership remains thin with few
ideas technically set up to buy. We would like to see further broadening before adding ideas. Continue to focus on
high quality high relative strength ideas, while avoiding or reducing risk in lagging ideas trading below logical
support.
Actionable names in the Focus List include Dassault Systèmes (DSY.FR; DSY:FP), Schneider Electric (QT@F.FR;
SU:FP), Teleperformance (ROFR.FR; TEP:FP), Paragon Banking Group PLC (PAG.GB; PAG:LN), and Infineon
Techs (Xet) (IFXX.DE; IFX:GR).

Won Global View

Posted on December 27, 2021 by admin

The U.S. market remains in an Uptrend Under Pressure. The S&P 500 is testing new high resistance at 4,743, a level the index
reversed from one week ago. The Nasdaq regained its 50-DMA after finding support near December lows early last week. Though the S&P 500 is on the verge of breaking out, both indices are still technically trading within consolidation with no real trend yet to develop. Distribution was avoided last week, with the count now at five each with one day expiring on the S&P 500 this week. We will shift the market status back to a Confirmed Uptrend should the S&P 500 close above the prior intraday high of 4,743.

Won Europe Today

Posted on December 24, 2021December 24, 2021 by admin

Yesterday,

European markets advanced 1.4% after the previous day’s sell-off. Investors continue to assess the risk associated
with the omicron variant for equity markets. We maintain a cautious view of the overall market. Indices remain in
consolidation with an elevated distribution. Continue to focus on quality ideas showing strong near-term relative
strength and trading above their respective 50-DMA.
The Stoxx 600 gained 1.4% on above average volume. The index closed near its day highs and above its 21-DMA. It
hasimmediate resistance at its 50-DMA (~0.7%) and is currently 4% off highs. Most sectors closed in the green,
retracing much of Monday’s loss. Travel and Leisure led the gains, up 3.5%.
Among major indices, France’s CAC and the U.K.’s FTSE closed above their respective 21-DMA while Germany’s
DAX is trading below its 200-DMA. All three indices closed in the green and are near their day highs.
Among the 17 indices we cover, all closed in the green with Austria gaining the most, up 2.8%. Six are in a
Confirmed Uptrend, two in a Rally Attempt, and the remaining nine in an Uptrend Under Pressure. The average
distribution day count stands at 4.7.
Actionable names in the Focus List include Dassault Systèmes (DSY.FR; DSY:FP), Schneider Electric (QT@F.FR;
SU:FP), Teleperformance (ROFR.FR; TEP:FP), Paragon Banking Group PLC (PAG.GB; PAG:LN), and Infineon
Techs (Xet) (IFXX.DE; IFX:GR).

Won Europe Today

Posted on December 23, 2021 by admin

We released our Weekly Global Laggards Report yesterday (please click here to access the report). The stocks
highlighted in this report are laggards relative to their own domestic markets. We recommend that they be underweighted
as they may be vulnerable to further downside risk and underperformance. European names highlighted this week include
Burberry Group (BRBY.GB; BRBY:LN), Signify (LIGH.NL; LIGHT:NA), Beiersdorf (BEIX.DE; BEI:GR), Wacker Chemie AG
(WCHX.DE; WCH:GR), DiaSorin (DIA.IT; DIA:IM), and Marr (MARR.IT; MARR:IM).