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Won Europe Today

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We released our Weekly European Summary yesterday (please click here to access the report). Key points include:

  • The Stoxx 600 declined 148bps last week, recording its biggest weekly fall since February. The index found support
    at its 21-DMA and is currently 2% off highs.
  • Of the 17 indices we cover, 12 are in a Confirmed Uptrend and five in an Uptrend Under Pressure. We upgraded
    Portugal to a Confirmed Uptrend and downgraded France, Norway, Sweden, and the U.K. to an UptrendUnder
    Pressure.
  • All the sectors, barring Health Care and Utility, closed in negative territory. Consumer Cyclical and Basic Material
    stocks fell the most.
  • Last week, we removed GN Store Nord (GSN.DK; GN:DC) from our Focus List. Actionable names in the Focus List
    include Halma (HLMA.GB; HLMA:LN) and DSVPanalpina (DSV.DK; DSV:DC).
  • Watch List: Pets At Home Group (PETS.GB; PETS:LN), Jd Sports (JD.GB; JD/:LN), Sse (SSE.GB;
    SSE:LN), Snam (SRG.IT; SRG:IM), Somfy (SO.FR; SO:FP), Euronext (ENX.FR; ENX:FP), Rentokil (RTO.GB;
    RTO:LN), Dermapharm (DMPX.DE; DMP:GR).

Won Global View

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The U.S. market remains in a Confirmed Uptrend. The Nasdaq broke out to a new all-time high, while the S&P 500 rallied but closed
slightly below a new high. Both indices have bounced sharply off their respective 50-DMA after pulling back to this moving average last
week. The rising 50-DMA (S&P 500: 4,357; Nasdaq: 14,580) remains a key level of support. Distribution is limited, with only three days on
the S&P500 and two on the Nasdaq.

Won Europe Today

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Friday,

  • European markets closed in the green on Friday but declined 148bps for the week amid fears that the Federal
    Reserve might pull back its stimulus and China’s crackdown on wealth inequality impacted the markets. We would
    recommend that investors to book profit on extended names.
  • The Stoxx 600 was up 0.33% and found support at its 21-DMA and is still trading in its pivot zone. The index
    remains in a Confirmed Uptrend with four distribution days.On the sectoral front, the Retail sector led the gains.
  • Major indices like France’s CAC, Germany’s DAX, and the U.K.’s FTSE 100 closed in the green. France’s CAC
    managed to close above its 50-DMA while Germany’s DAX is finding support at its 50-DMA. The U.K.’s FTSE 100
    is trading below its 50-DMA.
  • Of the 17 indices we cover, the majority closed in the green with Sweden and Ireland gaining the most. We
    upgraded Portugal to a Confirmed Uptrend after the index made a new high. The average distribution day stands
    at four.
  • Actionable names in the Focus List include Halma (HLMA.GB; HLMA:LN) and DSV Panalpina (DSV.DK; DSV:DC).

Won Global View

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The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq pulled back to their respective 50-DMA before finding
support and closing within the upper half of their weekly range. Support below the 50-DMA is ~4,233 on the S&P 500 and ~14,200 on the
Nasdaq. Despite adding a distribution day last Tuesday, the overall count declined to three and two, respectively, with no expiration this
week.

DINO POLSKA

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O’Neil Methodology
• The stock has been trading constructively since its breakout in early
July. It is down 3% today and is currently trading 4% below its 52-week
high. We recommend holding positions and look for support at the 21-
DMA, 5% away.
• Top-notch fundamental profile with EPS Rank 96, Composite Rating of
99, and SMR Rating of A. Strong fundamental ratings following a 39%
EPS CAGR and a 31% sales CAGR in 2016–2020.

BUCKLE

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O’Neil Methodology
• The stock is currently trading in a seven-week stage-one consolidation
base with the pivot at $50.79, 12% away. It is trading 2% above its 50-
DMA, with next support at the 100-DMA, 4% away.
• Strong fundamental ratings: EPS Rank 73, Composite Rating 97, SMR
Rating A. The company’s financial performance has picked up over the
past year, with strong sales growth of 159% y/y in Q1 and 37% y/y in
Q2.

Won Europe Today

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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
Sumitomo Forest (SFOR.GB; SFOR:LN), Pearson (PSON.GB; PSON:LN), Lundbeck (LUN.DK; LUN:DC), Sodexo
(SDX.FR; SW:FP), and Embracer Group (THQ.SE; EMBRACB:SS).

Won Global View

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The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq staged upside reversals holding support near their
respective 50-DMA. Support below this level is ~4,233 on the S&P 500 and ~14,200 on the Nasdaq. The distribution day count declined to
four and three, respectively, with one additional day expiring on each index at the close today.

GLOBAL FASHION GROUP

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O’Neil Methodology
• The stock reported strong Q2 results and is trading 2% above its 200-
DMA.The stock is suffering due to general market rotation out of
growth stocks as the economies reopen.
• Fundamental ratings are weak as GFG is in the growth stage of its
lifecycle. These metrics are expected to improve as the company’s
adjusted EBITDA improves. Adjusted EBITDA grew 22% y/y in Q2. EPS
Rank of 43, Composite Rating of 47, and SMR Rating of D.

Won Global View

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The U.S. market remains in a Confirmed Uptrend. The S&P 500 breached support at its 21-DMA (4,421) on light volume, while the
Nasdaq is testing support at its 50-DMA (14,538). The distribution day count stands at five and three, respectively, with one day expiring
on the S&P 500 after the close and another day on each index tomorrow.