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Won Europe Today

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Yesterday,

  • European markets edged up marginally as investors largely remained cautious, ahead of the minutes from the
    Federal Reserve’s July meeting. We remain positive on the overall market and recommend investors to add names
    breaking out from proper bases.
  • The Stoxx 600 continues to trade above its 10-DMA, in a Confirmed Uptrend. Travel & Leisure stocks led the gains,
    but luxury stocks remained under pressure. Mining stocks declined the most.
  • Among the other major indices, France’s CAC underperformed, breaching its 10-DMA, but volume was lower. The
    index avoided a distribution day. Germany’s DAX ended in positive territory on lower volume and is still trading
    above its 10-DMA. The U.K.’s FTSE lost 0.16% on higher volume.
  • Three out of the 17 indices ended in negative territory, with none recording a distribution day. Market status
    remained unchanged for all markets.
  • Actionable names in the Focus List include Airbus (AIRS.FR; AIR:FP), Halma (HLMA.GB; HLMA:LN), and DSV
    Panalpina (DSV.DK; DSV:DC).

Won Europe Today

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Yesterday,

  • European markets were mixed on an upbeat economic data. Eight out of the 17 indices ended in positive territory
    with five recording a distribution day. We remain positive as markets are trading at an all-time high with a low
    distribution day count.
  • The Stoxx 600 ended marginally up on higher volume and is trading 1% off highs. The index is in a Confirmed
    Uptrend and is trading above all its key moving averages. On the sectoral front, Banks, Auto, and Travel & Leisure
    stocks led the losses while Health Care, Oil & Gas, and Technology ended in positive territory.
  • Among other major indices, France’s CAC recorded a distribution day, taking the count to six and found support at
    its 10-DMA. Germany’s DAX ended in the red but avoided a distribution day. The U.K.’s FTSE outperformed gaining
    0.38% on higher volume.
  • Of the 17 indices we cover, 15 are in a Confirmed Uptrend and two in an Uptrend Under Pressure.
  • We added DSV Panalpina (DSV.DK; DSV:DC) to our actionable list as the stock broke out of a six-week base to an
    all-time high yesterday. Actionable names in the Focus List includeKering (KER.FR; KER:FP), Airbus (AIRS.FR;
    AIR:FP), Halma (HLMA.GB; HLMA:LN), and Moncler (MONC.IT; MONC:IM).

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 21- and 50-DMA before
rallying to close off lows and mid-range on the session. Both indices added distribution though the overall count still remains low at five and
four, respectively, with one day expiring on the Nasdaq today.

PANDORA

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O’Neil Methodology
• The stock is trading in a stage-two six-week flat base, 7% below the
pivot at DKK 879. It is trading 4% above its 100-DMA and 3% below its
50-DMA.
• We expect the stock’s EPS Rank to improve from a lowly 34 as
economies reopen and consumers, flush with cash, start spending on
discretionary goods and services. Composite Rating of 60 and SMR
Rating of B are also expected to improve.
• The stock’s technical ratings have suffered in the last few weeks due to
sideways movement. It has an RS Rating of 76, an A/D Rating of D+, and
Up/Down Volume ratio of 1.1. The number of funds holding the stock
has increased 17% over the past year.

Won Europe Today

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Friday,

  • European markets rose for the tenth consecutive session, although on lower volume. All the markets, barring the
    Netherlands, ended in the green, avoiding a distribution day. Of the 17 indices we cover, 15 are in a Confirmed
    Uptrend and two are in an Uptrend Under Pressure. We maintain a positive view of the overall market with indices
    trading at or near all-time highs while avoiding distribution.
  • The Stoxx 600 continues to rise along its 10-DMA on lower volume with four distribution days. All the major sectors
    ended in positive territory.
  • Among other major indices, France’s CAC, Germany’s DAX 30, and the U.K.’s FTSE 100 are trading above their
    respective 10-DMA.
  • Actionable names in the Focus List include Kering (KER.FR; KER:FP), Airbus (AIRS.FR; AIR:FP), Halma
    (HLMA.GB; HLMA:LN), Moncler (MONC.IT; MONC:IM), and Trigano (TRI.FR; TRI:FP).

Won Global View

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The U.S. market remains in a Confirmed Uptrend. The S&P 500 is trending into all-time highs, while the Nasdaq continues to
consolidate within 1% of a new high and above 21-DMA support. Distribution has mostly been avoided over the last two weeks, with the
count now standing at four each, with two set to expire on the S&P 500 and three on the Nasdaq this week.

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
{Hennes and Mauritz (HMBF.SE; HMB:SS); International Consolidated Airlines Group (IAG.GB; IAG:LN)}.

Won Global View

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The U.S. market remains in a Confirmed Uptrend. The S&P 500 is trending into all-time highs, while the Nasdaq is less than 1% off
highs and sitting on 21-DMA support. Both indices continue to avoid distribution with the count now at four each, with two days expiring on
the S&P 500 and three on the Nasdaq next week.

BOOZT

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O’Neil Methodology

• The stock is down more than 7% today and is trading just above the low
of the current stage-two consolidation base. It is trading just below its
200-DMA.
• Mediocre fundamental profile: SMR Rating of B. Composite Rating of 65
and EPS Rank of 58. Disappointing Q2 results might lead to further
decline in fundamental ratings.
• Boozt’s technical profile has remained weak as the stock is under
consolidation and will suffer in the short term. RS Rating of 64 is
expected to decline given today’s move, A/D Rating of D+ and an
Up/Down Volume ratio of 0.9x indicate weak institutional interest.
Number of funds holding the stock has increased 157% over the past
year

Won Europe Today

Posted on by admin

Yesterday,

  • European markets had a very strong day as many major indices were trading above resistance levels and made
    new highs. Volumes were higher across the board. We remain constructive on the markets and are open to adding
    risk coming out of proper bases.
  • The Stoxx 600 gained more than 0.4% on high volume and continued to trade above its rising 10-DMA. Almost all
    the sectors closed in positive territory with Construction & Material stocks gaining more than 1%.
  • Among other major indices, France’s CAC went past 6,850 price levels on high volume. Germany’s DAX breached
    15,800 price levels on strong volume and was upgraded to a Confirmed Uptrend. The U.K.’s FTSE 100 was
    upgraded to a Confirmed Uptrend after it closed above June 16 highs, albeit on low volume.
  • Among the 17 indices that we track in Europe, Denmark and Norway closed in negative territory while Germany and
    the U.K. were upgraded to a Confirmed Uptrend.
  • Actionable names in the Focus List include Kering (KER.FR; KER:FP), Airbus (AIRS.FR; AIR:FP), Halma
    (HLMA.GB; HLMA:LN), Moncler (MONC.IT; MONC:IM), and Trigano (TRI.FR; TRI:FP).