Author: admin

Won Europe Today

Posted on by admin

Yesterday,

  • European markets closed in the red after closing in the green for two consecutive days. Markets declined sharply
    following hawkish comments from the Fed’s governor on quickly reducing its balance sheet and increasing interest
    rates to rein in the surging inflation. Markets are also awaiting reactions to the new sanctions levied on Russia, on
    commodity prices. We recommend that investors adopt an aggressive stance while adding names from Basic
    Materials, Staples, and Health Care that show high relative strength and remove names from the discretionary
    sectors which are breaching their long-term support levels.
  • The Stoxx 600 gained 1.53%. It is trading 8% off highs between its support levels and testing support at its 50-DMA.
    Travel, Construction, and Auto sectors were among the worst affected and declined 3.9%, 2.9%, and 2.8%,
    respectively.
  • Among other major indices, France’s CAC fell 2.2% on concerns regarding elections and closed below its 21-DMA.
    Meanwhile, Germany’s DAX declined 1.9% and breached its 21-DMA. The U.K.’s SE 100 is trading above its
    support levels and was down 0.3%.
  • Among the 17 indices we track in Europe, all closed in the red. With no change in market conditions, 16 indices
    continue to be in a Confirmed Uptrend, while Luxembourg is in a Rally Attempt. With 13 indices registering a
    distribution day yesterday, the average distribution day count stands at 3.2.
  • Actionable names in the Focus List include Aker Bp (AKEP.NO; AKRBP:NO), AMG Advanced Metallurgical Group
    (AMG.NL; AMGUSD:EO), EDP Renovaveis (EDPR.PT; EDPR:PL), Ipsos (IPS.FR; IPS:FP), Jeronimo Martins
    (JMT.PT; JMT:PL); Novo Nordisk (NON.DK; NOVOB:DC), Sojitz (NIIW.JP; 2768:JP), Sonova N (SOON.CH;
    SOON:SW), Vantage Towers (VTWRX.DE; VTWR:GR), and Verbio Bioenergie (VBKX.DE; VBK:GR).

O’Neil Capital Equipment Sector Weekly

Posted on by admin

Heico (HEI) – $21B market cap; $66M ADV: We added Heico, the world’s largest manufacturer of non-OEM jet engine and aircraft replacement parts, to the U.S. Focus List as the stock broke out of a stage-one six-week flat base forming a rare new five-year high. The company is expected to benefit from the rebound in commercial aviation, increasing defense spending, and its well managed inventory. Consensus expects revenue and EPS to have a CAGR of 13% and 17%, respectively, in the next two years.

Won Global View

Posted on by admin

The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq retraced Monday’s gains closing at the lows of the session and below their respective 10-DMA in higher volume. The S&P 500 is now set to test support at its 200-DMA (4,489), while the next level of support on the Nasdaq is the 21-DMA (14,006). The distribution day count now stands at two and one, respectively.

Won Europe Today

Posted on by admin

Yesterday,

  • European markets closed flat with a positive bias. Markets were mixed due to the continuing Ukraine conflict, high
    inflation, and new economic data coming in from the region. The 10-year U.S Treasury yield curve rose to its
    highest level since May 2019, reaching 2.565% before settling at 2.55%, leading to concerns about the country
    heading into recession. We recommend that investors be cautious and wait for markets to continue the uptrend
    before adding names which are breaking out.
  • The Stoxx 600 gained 19bps and continued to trade 6% off highs between its support levels and test resistance at
    its 200-DMA. Mining, Health Care, and Utilities gained 1.3%, 1.4%, and 2.3%, respectively, while Technology,
    Construction, and Auto declined 1.7%, 1.6%, and 2.1%, respectively.
  • Among other major indices, France’s CAC declined 1.3% on concerns regarding elections and closed below its 50-
    DMA. Meanwhile, Germany’s DAX declined 0.7%, finding resistance at its short-term support level. The U.K.’s
    FTSE 100 is trading above its support levels and gaining 0.7%.
  • Among the 17 indices we track in Europe, nine closed in the green, while the remaining eight closed in the red. With
    no change in market conditions, 16 indices continue to be in a Confirmed Uptrend, while Luxembourg is in a Rally
    Attempt. With Austria, France, Germany, the Netherlands, and Italy each recording a distribution day yesterday, the
    average distribution day count stands at 2.9.
  • Actionable names in the Focus List include Aker Bp (AKEP.NO; AKRBP:NO), AMG Advanced Metallurgical Group
    (AMG.NL; AMGUSD:EO), EDP Renovaveis (EDPR.PT; EDPR:PL), Ipsos (IPS.FR; IPS:FP), Jeronimo Martins (JMT
    .PT; JMT:PL), Novo Nordisk (NON.DK; NOVOB:DC), Sonova N (SOON.CH; SOON:SW), Vantage Towers
    (VTWRX.DE; VTWR:GR), and Verbio Bioenergie (VBKX.DE; VBK:GR).

Won Global View

Posted on by admin

The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq bounced off 10-DMA support on below average volume and are trading along February highs (S&P 500:4,595, Nasdaq: 14,509), followed by resistance on the Nasdaq at the 200-DMA (14,732). The distribution day count remains a non-factor, with only one day on the S&P 500 and none on the Nasdaq.

Won Europe Today

Posted on by admin

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

  • It was a bullish yet volatile week for the European markets. The first half of the week provided some optimism about
    the Russia-Ukraine peace talks, but it fizzled out toward the later part of the week. Economic data took a backseat,
    with manufacturing PMIs missing estimates. A decline in crude prices provided some support amid rising inflation.
  • As the odds of a successful follow-through day spotted on March 16 are increasing, we recommend a more
    aggressive stance in adding risk to the portfolio, although the number of buyable ideas is still limited as most stocks
    are still trading in their base. With leadership still narrow, focus on relative strength remains the core strategy in the
    current environment.
  • Most sectors closed in the green last week, with UtilRotation Chartentum (over four weeks).

Won Europe Today

Posted on by admin

On Friday,

  • European markets closed in the green after two consecutive days of closing in the red. Gain in the markets might
    have been driven by attractive valuations for European equities, which are trading at nearly all-time high discount
    compared with the U.S. markets, due to heavy selloff following the Ukraine conflict. Talks between Russia and
    Ukraine have not yielded results, Eurozone inflation for March came in higher than the expected forecast of 6.9% at
    7.5%, and Germany’s manufacturing PMI data for March came in below estimates at 56.9, indicating loss of
    business confidence due to higher input costs and supply-chain issues. We recommend that investors be cautious
    and wait for markets to react in the upcoming days to confirm that the negative economic indicators have already
    been factored in and the uptrend persists before adding names which are breaking out.
  • The Stoxx 600 gained 54bps while trading 9% off highs between its support levels and finding support at its 50-
    DMA. Oil and Mining stocks led the rally, gaining 1.3% and 2.3%, respectively. Utilities fell 0.2% and Technology
    declined 0.3%.
  • Among other major indices, France’s CAC and Germany’s DAX gained 0.4% and 0.2%, respectively, both holding
    their 21-DMA and testing resistance at their 50-DMA. The U.K.’s FTSE 100 is trading above its support levels, up
    0.3%.
  • Among the 17 indices we track in Europe, 15 closed strongly in the green, while Ireland and Portugal closed in the
    red. With no change in market conditions, all indices continue in a Confirmed Uptrend, barring Luxembourg, which
    is in a Rally Attempt. As none of the indices recorded a distribution day on Friday, the average distribution day count
    stands at 2.4.
  • Actionable names in the Focus List include Sonova N (SOON.CH; SOON:SW), Vantage Towers (VTWRX.DE;
    VTWR:GR), Novo Nordisk (NON.DK; NOVOB:DC), Salmar (SALM.NO; SALM:NO), and Aker Bp (AKEP.NO;
    AKRBP:NO).

Won Global View

Posted on by admin

The U.S. market remains in a Confirmed Uptrend. Indices pulled back over the last few sessions after accelerating higher early last week. The S&P 500 is testing its 10-DMA (4,519), followed by the next level of support at its 200-DMA (4,485). The Nasdaq is also slightly above 10-DMA (14,137) support but remains below 200-DMA resistance despite the advance over the last few weeks. The distribution day count stands at one on the S&P 500 and none on the Nasdaq.

Won Global View

Posted on by admin

The U.S. market remains in a Confirmed Uptrend. The S&P 500 pulled back in higher volume picking up its first distribution day since the March 16 follow-through. This index is now set to test support at multiple rising moving averages, including its 10-DMA at 4,518, followed by its 200-DMA at 4,484. The Nasdaq pulled back in lower volume, avoiding distribution, and is now set to test support also at its rising 10-DMA at 14,130.

Won Europe Today

Posted on by admin

We released our Weekly Global Laggards Report today. 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 under weighted as they may be
vulnerable to further downside risk and underperformance. European names highlighted this week include Europris
(EPR.NO; EPR:NO), Stadler Rail (SRAIL.CH; SRAIL:SW),Omv (OMV.AT; OMV:AV), Industrivarden AB (IUCF.SE;
INDUC:SS), and Gerog Fischer (FIN.CH; FI-N:SW).