Author: Deepashree MC

Won Europe Today

Posted on by Deepashree MC

Yesterday,

  • European markets extended their winning streak for a third session, reaching record highs, driven by strong earnings in the Banking and Food & Beverage sectors. Investors also reacted to the hotter-than-expected U.S. inflation data, with CPI rising 0.5% m/m in January and the annual rate hitting 3%, slightly above the forecast of 2.9%. Core CPI, excluding food and energy, also exceeded expectations. Meanwhile, Utility stocks declined as European bond yields climbed on the hotter-than-expected inflation data.
  • Among significant movers on the Stoxx 600, shares of the Danish brewer Heineken (HB.NL; HEIA:NA) surged more than 14% after the company reported better-than-expected profit, launched a two-year share buyback, and forecast further growth in operating profit in 2025.
  • The Stoxx 600 continued to rally, closing 0.1% higher and making new all-time highs. Near-term support is at its 10-DMA (-1%). We recommend a selective approach to adding names on a high-volume breakout or decisive retake of their key moving averages.
  • Among sectors, Food and Beverage (+107bps) and Retail (+90bps) led the gains, while Utility (-120bps) and Health Care (-48bps) lagged the most.
  • Among major indices, France’s CAC 40 rose 0.1% on higher volume. We expect a low-volume pullback in the near term. Germany’s DAX 30 advanced 0.5%. It traded along its rising 10-DMAand at new all-time highs. The U.K.’s FTSE 100 was up 0.3% on lower volume, marking its third consecutive session of gains.
  • Denmark and Norway recorded their third and fifth distribution day, respectively.
  • Twelve of the 16 indices we track closed in the green. Fourteen indices are in a Confirmed Uptrend, one in an Uptrend Under Pressure, and one in a Rally Attempt. The average distribution day count stood at 2.5.
  • Of the 31 European Focus List names, 28 ideas are trading above their 200-DMA, while 26 ideas are trading above their 50-DMA.
  • Actionable names in the Focus List include Ferrari (RACE.IT; RACE:IM), Lonza Group (LONN.CH; LONN:SW), Games Workshop (GAW.GB; GAW:LN), Adyen (ADYE.NL; ADYEN:NA), Technogym (TGYM.IT; TGYM:IM), Rolls Royce Holdings (RR.GB; RR/:LN), and Hugo Boss (BOSSX.DE; BOSS:GR).

Won Global View

Posted on by Deepashree MC

The U.S. market remains in an Uptrend Under Pressure. The S&P 500 closed with a cut of ~30bps on higher d/d volume, adding its fifth
distribution day. The Nasdaq closed flat and is trying to hold above its 50-DMA. Indices are consolidating 1–3% below all-time highs and
continue to fluctuate around their 50-DMA (6,005; 19,640). The distribution day count stands at five on both indices after the S&P 500
added a distribution day, while one expired on the Nasdaq.

Won Europe Today

Posted on by Deepashree MC

Yesterday,

  • European markets extended their rally as investors closely watched the European Union’s response to the U.S. tariff hike on steel and aluminum imports, set to take effect next month. Mining stocks declined amid a drop in base metal prices following the tariff announcement. Meanwhile, traders await key U.S. inflation data, with the consumer price index data due today and the producer price index data set for Thursday.
  • Among significant movers on the Stoxx 600, shares of Europe’s online betting company Entain (ENT.GB; ENT:LN) fell 11% after the company announced the immediate step down of its CEO.
  • The Stoxx 600 held its positive momentum, closing 0.2% higher. The index was extended from its key moving averages. We recommend a selective approach to adding names on a high-volume breakout or decisive retake of their key moving averages.
  •  Among sectors, Banks (+127bps) and Technology (+78bps) were the top performers, while Travel and Leisure (-240bps), Utility (-88bps), and Mining (-180bps) lagged the most.
  • Among major indices, France’s CAC 40 gained for a second straight session and closed 0.3% higher. The index was trading at new 52-week highs. Germany’s DAX 30 rallied at record highs and closed 0.6% higher. The U.K.’s FTSE 100 was up 0.1%, marking its second consecutive session of advance.
  • Belgium and Finland recorded their first and second distribution day, respectively.
  • Twelve of the 16 indices we track closed in the green. Fourteen indices are in a Confirmed Uptrend, one in an Uptrend Under Pressure, and one in a Rally Attempt. The average distribution day count stood at 2.35.
  • Of the 31 European Focus List names, 28 ideas are trading above their 200-DMA, while 26 ideas are trading above their 50-DMA.
  • Actionable names in the Focus List include Adidas (ADSX.DE; ADS:GR), Ferrari (RACE.IT; RACE:IM), Lonza Group (LONN.CH; LONN:SW), Games Workshop (GAW.GB; GAW:LN), Adyen (ADYE.NL; ADYEN:NA), EQT (EQT.SE; EQT:SS), Technogym (TGYM.IT; TGYM:IM), Rolls Royce Holdings (RR.GB; RR/:LN), and Hugo Boss (BOSSX.DE; BOSS:GR).

Won Global View

Posted on by Deepashree MC

The U.S. market remains in an Uptrend Under Pressure. The S&P 500 closed flat yesterday, trading just 1% above its 50-DMA, while
the Nasdaq was down 0.4%, sitting right on its 50-DMA. Indices are consolidating 1–3% below all-time highs and continue to fluctuate
around their 50-DMA (6,004; 19,628). The distribution day count is at four on the S&P 500 and six on the Nasdaq

Won Global View

Posted on by Deepashree MC

The U.S. market remains in an Uptrend Under Pressure. The S&P 500 and Nasdaq were up 0.7–1.0% yesterday. Indices are
consolidating 1–2% below all-time highs and continue to fluctuate around their 50-DMA (6,003, 19,619). The distribution day count is at
four on the S&P 500 and six on the Nasdaq.

Won Europe Today

Posted on by Deepashree MC

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

  • The Stoxx 600 rose 60bps last week, marking its seventh straight week of gains, and is making fresh all-time highs. It is extended from its 21- and 50-DMA. Investors are hopeful about European markets, which are trading at a better valuation compared with the S&P 500.
  • On a sectoral front, Basic Material witnessed the strongest momentum last week, along with Financial Services and Banking. Technology, Oil & Gas, and Travel & Leisure remain constructive while Utility, Retail, Chemical, Auto, and Food and Beverage remain under pressure.

Won Europe Today

Posted on by Deepashree MC

On Friday,

  • European markets closed lower despite posting gains for the week, as investors focused on corporate earnings, monetary policy, and key U.S. jobs data. Market sentiment weakened after China retaliated against the newly announced 10% tariffs on all Chinese imports by the new U.S. administration, imposing targeted surcharges on U.S. goods. The news weighed heavily on Automobile and Luxury stocks with significant exposure to China.
  • Among significant movers on the Stoxx 600, shares of the German automobile maker Porsche (P911X.DE; P911:GR) slumped 7%, logging its biggest all-time decline, following reports that the cost of new models and battery-related expenses would impact its FY25 profit.
  • The Stoxx 600 closed 0.3% lower. It recorded a 0.5% gain throughout the week, marking its seventh consecutive weekly advance. The index is currently extended from its moving averages, with immediate support at its 10-DMA (-1%). We recommend a selective approach to adding names on a high-volume breakout or decisive retake of their key moving averages.
  • Among sectors, Telecommunications (+39bps) and Energy (+36bps) led the gains, while Automobiles (-166bps) and Chemicals (-140bps) lagged the most.
  • Among major indices, France’s CAC 40 pulled back 0.4%. The index traded above all its key moving averages, with near-term support at its 10-DMA.Germany’s DAX 30 closed 0.5% lower after rallying for the past four sessions, with support at its 10-DMA.The U.K.’s FTSE 100 declined 0.3% on higher volume and is still extended from its near-term support levels.
  • The U.K. and Switzerland recorded their second distribution day.
  • All the 16 indices we track closed in the red, except Belgium. Thirteen indices are in a Confirmed Uptrend, one in an Uptrend Under Pressure, and two in a Rally Attempt. The average distribution day count stood at 2.58.
  • Of the 31 European Focus List names, 29 ideas are trading above their 200-DMA, while 26 ideas are trading above their 50-DMA.
  • Actionable names in the Focus List include Adidas (ADSX.DE; ADS:GR), Lonza Group (LONN.CH; LONN:SW), Games Workshop (GAW.GB; GAW:LN), Adyen (ADYE.NL; ADYEN:NA), EQT (EQT.SE; EQT:SS), Technogym (TGYM.IT; TGYM:IM), Rolls Royce Holdings (RR.GB; RR/:LN), and Hugo Boss (BOSSX.DE; BOSS:GR).

Won Global View

Posted on by Deepashree MC

The U.S. market remains in an Uptrend Under Pressure. The S&P 500 and Nasdaq were down 0.2% and 0.5% last week. Indices are
consolidating 2–3% below all-time highs and continue to fluctuate around their 50-DMA. (6,001, 19,606). The S&P 500 has a distribution
day count of four, while the Nasdaq has six with the addition of one on Friday.

Won Europe Today

Posted on by Deepashree MC

We released our Weekly Global Laggards Report today. Click here for 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 stocks include Bae Systems (BA.GB; BA/:LN), Diageo
(DGE.GB; DGE:LN), and Shaftesbury Capital (SHC.GB; SHC:LN).

Won Global View

Posted on by Deepashree MC

The U.S. market remains in an Uptrend Under Pressure. The S&P 500 and Nasdaq gained 36bps and 51bps on lower d/d volume,
respectively. Indices are consolidating 1–2% below all-time highs, with support at their 50-DMA (6,000, 19,595). The distribution day count
declined to four on the S&P 500 and five on the Nasdaq after one expired on each index yesterday after market close.