Titan Company is the largest jewelry retailer in India. It designs, manufactures,
and retails jewelry, watches, eyewear, and other products with brands
including Titan, Tanishq, Fastrack, Skinn, and Mia and currently operates more
than 1,900 stores across 297 cities.
Author: admin
Won Europe Today
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
Smiths Group (SMIN.GB; SMIN:LN), Commerzbank (CBKX.DE; CBK:GR), Vifor Pharma (VIFN.CH; VIFN:SW),
Wetherspoon (JDW.GB; JDW:LN), Ericsson (SL@G.SE; ERICB:SS), Embracer Group (THQ.SE; EMBRACB:SS), and
Deutsche Lufthansa (LHAX.DE; LHA:GR).
Won Global View
The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq closed at all-time highs yesterday, holding trend and
remaining above all major moving averages, including near-term support along the 10- and 21-DMA. Both indices have avoided
distribution this week, keeping the count at six and three, respectively, with two days expiring on the S&P 500 next week.
Won Europe Today
Yesterday,
- European markets closed in the green led by corporate earnings and strong economic data from the region. As
major indices are making new highs, we recommend that investors look for strong names breaking out of early
consolidation on good volume. - The Stoxx 600 gained 0.61% and broke out of a seven-week flat base on good volume. It is in a Confirmed Uptrend
with six distribution days. On the sectoral front, Technology sector gained 2% while Oil & Gas stocks were down
0.5%. - Major indices like France’s CAC, Germany’s DAX, and the U.K.’s FTSE 100 closed in the green. France’s CAC is
trading at an all-time high and is in a Confirmed Uptrend. Germany’s DAX retook its 50-DMA. The U.K.’s FTSE 100
is trading above all its key moving averages. - All the 17 indices we cover closed in the green barring Portugal. We upgraded France and Belgium to a Confirmed
Uptrend after both the indices made new highs. Currently, 10 indices are in a Confirmed Uptrend and seven are in
an Uptrend Under Pressure. The average distribution day count has come down to 5.47. - Actionable names in the Focus List include Nibe Industrier (NIBE.SE; NIBEB:SS), Schneider Electric (QT@F.FR;
SU:FP), Airbus (AIRS.FR; AIR:FP), Beneteau (CHBE.FR; BEN:FP), Zooplus (ZO1X.DE; ZO1:GR), Halma
(HLMA.GB; HLMA:LN), Adyen (ADYE.NL; ADYEN:NA), and Trigano (TRI.FR; TRI:FP).
Won Global View
The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq are consolidating near all-time highs but above support at
their 21-DMA (S&P 500: 4,373; Nasdaq: 14,658). The distribution day count remains at six and three, respectively.
Won Europe Today
Yesterday,
- European markets closed in the green as investors reacted to corporate earnings. We continue to monitor the
distribution day count and recommend that investors look for strong names breaking out of early consolidation on
good volume. - The Stoxx 600 gained 0.28% and is trading at an all-time high. It is in a Confirmed Uptrend with seven distribution
days. On the sectoral front, Oil & Gas stocks gained (+2%) while Travel & Leisure stocks were down (-2.5%). - Major indices like France’s CAC and the U.K.’s FTSE 100 closed in the green while Germany’s DAX closed in the
red. France’s CAC is trading at an all-time high while Germany’s DAX is trading below its 50-DMA. The U.K.’s
FTSE 100 is trading above all its key moving averages. - Of the 17 indices we cover, the majority of them closed in the green, with Portugal being the top gainer while Ireland
declined the most. The average distribution day count stands at 6.24. - Actionable names in the Focus List include Nibe Industrier (NIBE.SE; NIBEB:SS), Schneider Electric (QT@F.FR;
SU:FP), Airbus (AIRS.FR; AIR:FP), Beneteau (CHBE.FR; BEN:FP), Zooplus (ZO1X.DE; ZO1:GR), Halma
(HLMA.GB; HLMA:LN), Adyen (ADYE.NL; ADYEN:NA), and Trigano (TRI.FR; TRI:FP).
Won Global View
The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq rallied off 21-DMA support yesterday before closing at the
highs of the session. The distribution day count remains at six and three, respectively, with two expiring on the S&P 500 next week.
Won Europe Today
We released our Weekly European Summary yesterday (please click here to access the report). Key points include:
- The Stoxx 600 gained 0.09% last week after a strong rebound in the prior week. The index is trading at an all-time
high and is in a Confirmed Uptrend. - Of the 17 indices we cover, eight are in a Confirmed Uptrend and nine in an Uptrend Under Pressure. Last week,
we upgraded Luxembourg to a Confirmed Uptrend. The average distribution day count remains elevated at 6.47. - Our rotation chart continues to highlight improving momentum among Health Care and Technology sectors. Retail,
which has outperformed over the long term, is now showing signs of weakness in the short term. - Last week, we removed BHG Group (BHG.SE; BHG:SS) from our Focus List.
Won Global View
The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq continue to trade in a tight range over the last several
sessions. Support is at the rising 21-DMA (S&P 500: 4,366; Nasdaq:14,646). The distribution day count stands at six and three,
respectively, with no expiration this week.
Won Europe Today
Friday,
- European markets declined after posting good gains on Thursday due to concerns of the Delta variant and
regulatory actions in China. We remain positive on the overall market but the elevated distribution day count
remains a concern. - The Stoxx 600 closed above 460 price level, declining 0.45% on higher volume and recording a distribution day. The
index trades comfortably above its short-term moving averages and is in a Confirmed Uptrend. On the sectoral
front, Travel & Leisure and Mining stocks declined the most while Chemical stocks led gains. - Among other major indices, France’s CAC is finding resistance at 6,700, declining on higher volume and recording
a distribution day. We would upgrade the index to a Confirmed Uptrend when the distribution day count reduces and
the index breaks above its resistance. Germany’s DAX breached its 50-DMA after retaking it on Thursday while the
U.K.’s FTSE also recorded a distribution day. - All the indices, barring Denmark and Switzerland, ended in negative territory. Eight of the 17 markets recorded a
distribution day, taking the count to 7.12. - Nibe Industrier (NIBE.SE; NIBEB:SS) and Schneider Electric (QT@F.FR; SU:FP) have turned actionable after they
broke out of their respective bases. Other actionable names in the Focus List include Soitec (SOI.FR; SOI:FP),
Zooplus (ZO1X.DE; ZO1:GR), Halma (HLMA.GB; HLMA:LN), Teleperformance (ROFR.FR; TEP:FP), and Trigano
(TRI.FR; TRI:FP).
