Author: Dean Kim
Global Banks
Global banks are breaking out on the back of rising yields from expectations of economies opening following the distribution of COVID vaccines as well as government stimulus. We screened for banks in the U.S., Europe, Asia, and Latin America and segregated them as actionable, near pivot, and extended. We highlight the following banks as actionable with solid O’Neil fundamental ratings and decent EPS growth:
O’Neil Financial Sector Weekly
SimCorp
Key points from this report:
- The stock recently broke out of a cup and is currently actionable.
- Fundamental profile: EPS Rank 46, Composite Rating 63, and SMR Rating B.
- Consensus estimates EPS growth of 21% y/y in 2021.
- Technical profile: RS Rating 68, A/D Rating C+, Up/Down Volume ratio of 1.3.
O’Neil Financial Sector Weekly
O’Neil Financial Sector Weekly
Over the last five sessions:
Leading: Finance-Mortgage REIT, Banks-West/Southwest, Banks-Super Regional, Finance-Mortgages &Realty Services and InsuranceAcc & Health.
Lagging: Insurance-Brokers and Banks-Foreign
O’Neil Financial Sector Weekly
Over the last five sessions:
Leading: Insurance-Acc & Health, Finance-Consumer Loans, Insurance-Diversified, Finance-Invest Bnk/Bkrs, Banks-Money Center, and
Finance-CrdtCard/PmtPr.
Lagging: Insurance-Life, Finance-Commercial Loans, and Finance-Mrtg & Rel Svc.
Hong Kong Exchanges & Clearing
Key points from this report:
- The stock broke out from flat base and is trading in the actionable range. It has strong support at its 50-DMA.
- Fundamental profile: SMR Rating A, Composite Rating 97, EPS Rank 92.
- EPS is expected to grow 18% and 16% in 2020 and 2021, respectively.
- Its RS line is trending near all-time highs with an RS Rating of 86, A/D Rating B-, Up Down Volume ratio 1.2.
O’Neil Financial Sector Weekly
Afterpay
Key points from this report:
- The stock recently broke out of a consolidation base spanning seven weeks.
- Fundamental profile: Composite Rating 99, SMR Rating B.
- Technical ratings: RS Rating 93, Up/Down Volume ratio 1.8, A/D Rating B+.
- Institutional sponsorship has increased more than 4x y/y to 443 in June.
- The Finance – Credit Card/Payment Processor Industry Group is currently ranked 13 (of 135 total groups in Australia).