Author: Deepashree MC

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.

Won Europe Today

Posted on by Deepashree MC

Yesterday,

  • European markets closed higher, as strong earnings from GSK and Novo Nordisk boosted Health Care stocks, offsetting weakness in Automaker stocks. Meanwhile, investors are closely monitoring the European central bank’s neutral rate estimate, set for release on Friday, which could provide key insights into future monetary policy and its impact on inflation and employment.
  • Among key movers on the Stoxx 600, shares of Novo Nordisk (NON.DK; NOVOB:DC) rose 4.5% after the company reported profit of $4.4Bin Q4 FY24, driven by Wegovy sales more than doubling. Shares of GSK (GSK.GB; GSK:LN) jumped 7.6% on strong earnings and a $2.5B buyback, while shares of Vestas (VEW.DK; VWS:DC) surged 8.2% after the company announced a buyback and strong Q4 FY24 results.
  • The Stoxx 600 ended the session 0.5% higher. Immediate resistance is at its all-time high (+0.2%). 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, with Health Care (+210 bps), Telecommunications (+119bps), and Oil & Gas (+62bps) leading the gains. Automobiles & Parts (-126bps) and Food & Beverage (-85bps) were the top losers.
  • Among major indices, France’s CAC 40 closed 0.2% lower. It is now testing resistance at its 10-DMA and has support at its 21-DMA (-2%). Germany’s DAX 30 gained 0.4%, reclaiming its 10-DMA. Resistance is at its recent high (+0.8%). The U.K.’s FTSE 100 gained 0.6%, bouncing off its 10-DMA, with immediate resistance at its recent high (+0.6%).
  • Eleven of the 16 markets we track closed in the green. Twelve are in a Confirmed Uptrend, one in an Uptrend Under Pressure, and three are in a Rally Attempt.
  • Norway recorded its fourth distribution day, while Sweden recorded its third. The average distribution day count stood at 2.42.
  • Of the 31 European Focus List names, 30 ideas are trading above their 200-DMA, while26 ideas are trading above their 50-DMA.
  • We added Lonza Group (LONN.CH; LONN:SW) to our European Focus List after the stock broke out of a stage-one 25-week flat base on good volume.
  • Actionable names in the Focus List include Lonza Group (LONN.CH; LONN:SW), 3i Group (III.GB; III:LN), Games Workshop (GAW.GB; GAW:LN), Adyen (ADYE.NL; ADYEN:NA), Technogym (TGYM.IT; TGYM:IM), Adidas (Xet) (ADSX.DE; ADS:GR), Hugo Boss (BOSSX.DE; BOSS:GR), and Rolls-Royce Holdings (RR.GB; RR/: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 39bps and 19bps on higher d/d volume,
respectively. Indices are consolidating 1–2% below all-time highs, with support at their 50-DMA (5,997, 19,579). The distribution day count
declined to five on the S&P 500 and six on the Nasdaq, with one expiring on each index today after market close.

Won Europe Today

Posted on by Deepashree MC

Yesterday,

  • European markets closed higher as the U.S. delayed tariffs on Canada and Mexico, raising hopes that Europe could also avoid trade duties. Meanwhile, China imposed retaliatory tariffs of up to 15% on select U.S. imports, adding to global trade tensions.
  • Among key movers on the Stoxx 600, shares of Ferrari (RACE.IT; RACE:IM) jumped 8% after the company forecasted at least 5% y/y revenue and core earnings growth for 2025. Shares of Infineon (IFXX.DE; IFX:GR) surged 10.4% after the company reported better-than-expected Q1 FY25 revenue and slightly raised its full-year outlook.
  • The Stoxx 600 ended the session 0.2% higher, with immediate resistance at its all-time high (+0.6%). We recommend a selective approach to adding names on a high-volume breakout or decisive retake of their key moving averages.
  • The overall sector performance was mixed. Automobile & Parts (+217bps), Technology (+174bps), and Banks (+120bps) were the top gainers, while Financial Services (-124bps) and Telecommunications (-100bps) were the top losers.
  • Among major indices, France’s CAC 40 jumped 0.7% and was testing support at its 10-DMA. Immediate resistance is at its recent high (+0.6%). Germany’s DAX 30 was also testing support at its 10-DMA, following a 0.4% rise. Immediate resistance is at its recent high (+0.9%). The U.K.’s FTSE 100 closed 0.1% lower and now sits at its 10-DMA. Next support is at its 21-DMA (-1.4%).
  • Eleven of the 16 markets we track closed in the green. Twelve are in a Confirmed Uptrend, one in an Uptrend Under Pressure, and three in a Rally Attempt.
  • Switzerland recorded its first distribution day. The average distribution day count stood at 2.25.
  • Of the 30 European Focus List names, 29 ideas are trading above their 200-DMA, while23 ideas are trading above their 50-DMA.
  • Actionable names in the Focus List include 3i Group (III.GB; III:LN), Games Workshop (GAW.GB; GAW:LN), Adyen (ADYE.NL; ADYEN:NA), Safran (SGM.FR; SAF:FP), Technogym (TGYM.IT; TGYM:IM), Adidas (Xet) (ADSX.DE; ADS:GR), 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 advanced 72bps and 135bps, respectively,
recovering from the prior day. Indices are consolidating 1–3% below all-time highs, with support at their 50-DMA (5,995, 19,564). The
distribution day count declined to six on the S&P 500 and seven on the Nasdaq, with one expiring on each index today after market close.

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 remained strong last week, with Germany, the U.K., Sweden, Spain, Switzerland, and Norway hitting all-time highs, while Austria reached a 52-week high. Other major indices traded slightly below their highs, except Denmark, which lagged 30%.
  • On the rotation graph, sector performance was mixed, with Energy, Basic Material, and Consumer Cyclical gaining momentum, while Retail, Consumer Staple, Transportation, and Utility weakened. Health Care and Technology showed signs of recovery, while Financial and Capital Equipment stalled.

Won Global View

Posted on by Deepashree MC

The U.S. market remains in an Uptrend Under Pressure. The S&P 500 declined 76bps, while the Nasdaq closed 120bps lower on
higher d/d volume, recording a distribution day. Indices saw an upside reversal yesterday and are consolidating 2–4% below all-time highs,
with the S&P 500 holding support at its 50-DMA (5,992) and the Nasdaq at its 100-DMA (18,927). The distribution day count increased to
seven and eight on the S&P 500 and Nasdaq, respectively, with one expiring on each index today after market close.