Author: Deepashree MC

Won Europe Today

Posted on by Deepashree MC

On Friday,

  • European markets traded higher to end the week with a marginal gain of 0.2% after being slightly under pressure in few of the previous sessions. Health Care sector was one of the strong performers after the U.S. FDA removed Novo Nordisk’s weight-loss and diabetes drugs from its shortage list. Investors now focus on the upcoming election in Germany, which could either bring a conservative-led government with economic stimulus plans or lead to a prolonged coalition deadlock.
  • Among significant movers on the Stoxx 600, shares of the Irish company Kingspan (KRX.IE; KSP:ID) rose more than 13% after the company reported upbeat 2024 results. On the flip side, shares of the Swedish medical equipment maker Elekta B (ELKB.SE; EKTAB:SS) fell almost 9% after the company trimmed its annual revenue and earnings forecast.
  • The Stoxx 600 ended 0.5% higher, paring the losses from its previous two sessions. The index tested support at its 10-DMA. 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 (+238bps), Chemicals (+194bps), and Health Care (+150bps) were the top performers, while Energy (-98bps) and Retail (-49bps) led the losses.
  • Among major indices, France’s CAC 40 closed 0.4% higher and was finding strong support at its 10-DMA. Next level of support is at its 21-DMA (-1.3%). Germany’s DAX 30 extended its losses for a third consecutive session as investors remain cautious ahead of the country’s snap elections. The index recently breached its 10-DMA, with support at its 21-DMA (-1.4%). The U.K.’s FTSE 100 closed flat. The index has partially lost momentum, closing in the red in the past few sessions. Resistance is at its 21-DMA.
  • Germany recorded its fourth distribution day.
  • Twelve of the 16 indices we track closed in the green. Thirteen indices are in a Confirmed Uptrend, two in an Uptrend Under Pressure, and one in a Rally Attempt. The average distribution day count stood at 3.5.
  • Of the 31 European Focus List names, 24 ideas are trading above their 200-DMA, while 30 ideas are trading above their 50-DMA.
  • Actionable names in the Focus List include Flutter Entertainment (FLTR.GB; FLTR:LN), Lonza Group (LONN.CH; LONN:SW), Boss Hugo (BOSSX.DE; BOSS:GR), Adidas (ADSX.DE; ADS:GR), and Rolls Royce Holdings (RR.GB; RR/:LN).

Won Global View

Posted on by Deepashree MC

The U.S. market was shifted to an Uptrend Under Pressure. The S&P 500 declined 1.7% last week and is 2% off highs, while the
Nasdaq was down 2.2% and is 3% off highs. The S&P 500 broke below its 21-DMA but is still slightly above the 50-DMA (6,010). The
Nasdaq breached 21- and 50-DMA, leaving next support at the 100-DMA (19,192). The distribution day count stands at six apiece after
each index picked up one on Friday.

Won Europe Today

Posted on by Deepashree MC

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 underweighted as they may be vulnerable to further downside risk and underperformance. European stocks include Enagas (ENAG.ES; ENG:SM) and Atrium Ljungberg (ATRJ.SE; ATRLJB:SS).

Won Global View

Posted on by Deepashree MC

The U.S. market remains in a Confirmed Uptrend. The S&P 500 declined 43bps on higher daily volume and registered a distribution
day. The Nasdaq was down 47bps and continues to trade in a range, 1% off highs. Indices have immediate support at the 21-DMA (6,066;
19,773), followed by the 50-DMA (6,011; 19,690). The distribution day count stands at five on each index.

Won Europe Today

Posted on by Deepashree MC

Yesterday,

  • European stocks closed lower, with the Stoxx 600 posting its biggest decline in the year, amid rising fears of a trade dispute between the U.S. and the EU following the latest U.S. tariff threats. Adding to market jitters, Germany’s bond yields hit a two-week high amid expectations of increased government spending on defense. On the economic front, the U.K.’s inflation rose 3% y/y in January, above estimates of a 2.8% y/y rise.
  • Among key movers on the Stoxx 600, shares of Nexans (NXS.FR; NEX:FP) jumped 10% after the French cable maker reported strong revenue and earnings for H2 FY24, while shares of Philips (PHIL.NL; PHIA:GK) fell 11% as the company reported lower-than-expected Q4 results.
  • The Stoxx 600 was testing support at the 10-DMA after a 0.9% pullback from its all-time high, with next support at its 21-DMA (-1.7%). We recommend a selective approach to adding names on a high-volume breakout or decisive retake of their key moving averages.
  • Overall sector performance was negative. Basic Resources (-239bps), Retail (-234bps), and Chemicals (-234bps) were the top losers, while Utility (+75bps) was the only outlier.
  • Among major indices, France’s CAC 40 pulled back 1.2% and tested support at its 10-DMA. Next support is at its 21-DMA (-1.5%). Germany’s DAX 30 declined 1.8% from its all-time high and has immediate support at its 10-DMA (-0.6%). The U.K.’s FTSE 100 closed 0.6% lower and breached support along its 10-DMA. Immediate support is at its 21-DMA (-0.6%).
  • Fourteen of the 16 markets we track closed in the red. Fourteen are in a Confirmed Uptrend, one in an Uptrend Under Pressure, and one in a Rally Attempt.
  • The U.K. and Sweden recorded their fifth distribution day, while Italy registered its fourth. France, Germany, Ireland, and Switzerland recorded their third distribution day. Finland and Belgium registered their second distribution day, while the Netherlands recorded its first. The average distribution day count stood at 3.06.
  • Of the 31 European Focus List names, 30 ideas are trading above their 200-DMA, while26 ideas are trading above their 50-DMA.
  • Actionable names in the Focus List include Moncler (MONC.IT; MONC:IM), Vimian Group (VIMG.SE; VIMIAN:SS), Ferrari (RACE.IT; RACE:IM), Flutter Entertainment (FLTR.GB; FLTR:LN), and Adidas (Xet) (ADSX.DE; ADS:GR).

Won Global View

Posted on by Deepashree MC

The U.S. market remains in a Confirmed Uptrend. The S&P 500 ended 24bps higher at a new closing high. The Nasdaq was up 8bps
on above average volume and is trading 1% off highs. Indices have immediate support at the 21-DMA (6,061; 19,754), followed by the 50-
DMA (6,010; 19,684). The distribution day count stands at four on the S&P 500 and five 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:

  • European indices extended gains last week, with 10 markets, including Germany and the U.K., at their 52-week highs. France is 1% away and Finland and Norway are 1–2% below their 52-week highs, while Portugal regained its 200-DMA. Denmark remains the weakest, 33% off highs. Most sectors gained, led by Retail (+4.1%) and Consumer Cyclical (+3.8%), while Health Care (-1.4%) and Utility (-0.8%) lagged.
  • On the rotation graph, most sectors gained momentum, with Financial, Capital Equipment, and Consumer Cyclical leading. Energy, Basic Material, and Technology remained strong, while Transportation and Retail rebounded after a brief slowdown. Health Care showed signs of improvement but remained weak, while Consumer Staple lagged.

Won Global View

Posted on by Deepashree MC

The U.S. market has been shifted to a Confirmed Uptrend. The S&P 500 closed 24bps higher and registered a new closing high. The
Nasdaq was up 7bps on above average volume and is trading 1% off highs. Indices have immediate support at the 21-DMA (6,053;
19,724), followed by the 50-DMA (6,009; 19,678). The distribution day count stands at four and five, respectively.

Won Global View

Posted on by Deepashree MC

The U.S. market remains in an Uptrend Under Pressure. Despite bouncing 1–2% higher last week, indices remain in a sideways range
just below all-time highs (6,128; 20,204). Should indices close at a new all-time high, the market status will shift back to a Confirmed
Uptrend. Until then, support is at their 50 DMA (6,008; 19,667), with four and five distribution days on the S&P 500 and Nasdaq,
respectively.

Won Europe Today

Posted on by Deepashree MC

Yesterday,

  • European stocks closed higher, boosted by a strong rally in the defense sector. The sector experienced its largest surge since Russia’s 2022 invasion of Ukraine, as investors reacted to expectations of rising military spending driven by U.S. pressure. Meanwhile, geopolitical tensions remain in focus as the U.S. pushes forward with Ukraine peace talks, notably excluding Europe and Kyiv, sparking concerns over the region’s role in negotiations.
  • Among key movers on the Stoxx 600, shares of Renk Group (R3NKX.DE; R3NK:GR) and Rheinmetall (RHMX.DE; RHM:GR) rallied 17.5% and 14%, respectively, while shares of Saab (SAAB.SE; SAABB:SS) surged more than 16%. In addition, shares of BAE Systems (BA.GB; BA/:LN) jumped 9%, its biggest single-day rise since July 2022.
  • The Stoxx 600 booked a gain of 0.5% and ended the session at an all-time high. We recommend a selective approach to adding names on a high-volume breakout or decisive retake of their key moving averages.
  • Most sectors closed in positive territory. Travel & Leisure (+115bps), Banks (+100bps), and Basic Resources (+100bps) were the top gainers, while Utility (-23bps) and Chemicals (-19bps) were the only losers.
  • Among major indices, France’s CAC 40 advanced for the straight sixth session and gained 0.1%. Germany’s DAX 30 jumped 1.3%, hitting a new all-time high, fueled by a rally in defense stocks following commitments from European policymakers to boost military spending. The U.K.’s FTSE 100 bounced off its 10-DMA and booked a gain of 0.4%. Immediate resistance is at its all-time high (+0.4%).
  • Fifteen of the 16 markets we track closed in the green. Fourteen are in a Confirmed Uptrend, one in an Uptrend Under Pressure, and one in a Rally Attempt.
  • Of the 31 European Focus List names, 30 ideas are trading above their 200-DMA, while27 ideas are trading above their 50-DMA.
  • Actionable names in the Focus List include Moncler (MONC.IT; MONC:IM), Vimian Group (VIMG.SE; VIMIAN:SS), Flutter Entertainment (FLTR.GB; FLTR:LN), Boss (Hugo) (Xet) (BOSSX.DE; BOSS:GR), Lonza Group (LONN.CH; LONN:SW), Games Workshop (GAW.GB; GAW:LN), and Talanx Aktgsf. (Xet) (TLXX.DE; TLX:GR).