Author: Deepashree MC

Won Europe Today

Posted on by Deepashree MC

On Friday,

  • European markets ended the week at record highs, driven by a tech stock rally. The Stoxx 600 surged more than 6% in January, outperforming the S&P 500’s 3% gain. However, investor concerns persist over U.S. tariff threats on the EU and the market disruption caused by Chinese AI firm DeepSeek’s cheaper models.
  • Among key movers on the Stoxx 600, shares of Hexagon (EKBF.SE; HEXAB:SS) jumped 8.9% after the company reported a 3% y/y rise in Q4 FY24 operating profit, driven by slight organic growth despite challenges in the automotive and construction markets. Shares of Novartis (NOVN.CH; NOVN:SW) gained 1.9% on better-than-expected adjusted net income in Q4 FY24.
  • The Stoxx 600 ended the session 0.1% higher, making a new all-time high. Support is at its rising 10-DMA (-1.6%). 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. Technology (+147bps), Retail (+49bps), and Oil & Gas (+42bps) were the top gainers, while Chemicals (-71bps) and Food & Beverages (-70bps) led the decline.
  • Among major indices, France’s CAC 40 jumped 0.1% and continued to trade above all its key moving averages. Immediate resistance is at its June 2024 high (+0.6%). Germany’s DAX 30 closed flat at its all-time high, with support at its 10-DMA (-1.6%). The U.K.’s FTSE 100 extended its upward momentum and surged 0.3%, making a new 52-week high.
  • Nine 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.
  • Ireland and Norway recorded their first distribution day. The average distribution day count stand at two.
  • Of the 30 European Focus List names, 29 ideas are trading above their 200-DMA, while 27 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), 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. On Friday, The S&P 500 and Nasdaq declined 50bps and 28bps, respectively,
on above average volume and recorded a distribution day each. Indices are consolidating 1–3% below all-time highs but above support at
their respective 50-DMA (5,990, 19,539). The distribution day count increased to seven on each index, with three expiring this week.

Won Europe Today

Posted on by Deepashree MC

We released our Weekly Global Laggards Report today. Click here to access the full 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 Auto Trader Group (AUTO.GB; AUTO: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 were up 53bps and 25bps, respectively,
on higher d/d volume. Immediate support is at their rising 21-DMA (6,005; 19,619), followed by their 50-DMA (5,987; 19,520). The
distribution day count remains at six on each index, with three expiring next week.

Won Europe Today

Posted on by Deepashree MC

Yesterday,

  • European markets extended their rally for a second session, driven by gains in technology stocks following strong earnings from chip equipment maker ASML (ASML.NL; ASML:NA). The results reassured investors about the resilience of AI chip demand, easing concerns from an earlier sell-off sparked by China’s DeepSeek unveiling a lower-power AI model.
  • The Federal Reserve kept its overnight borrowing rate steady at 4.25–4.5%, in line with market expectations. Wall Street stocks dipped following the announcement. Investors now await the European central bank’s upcoming interest rate decision.
  • Among significant movers on the Stoxx 600, shares of ASML (ASML.NL; ASML:NA) were up 5.5% following stronger-than-expected Q4 results. Shares of the Swedish truck maker Volvo B (VOBF.SE; VOLVB:SS) were up 7.7% after the company reported better-than-expected results for Q4 FY24.
  • The Stoxx 600 recoded its biggest one-day gain in a week, closing 0.5% higher. The index was trading at its fresh 52-week 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, with Technology (+240bps) and Telecommunications (+174bps) leading the gains. Food and Beverage (-73bps) and Chemicals (-44bps) were the sole laggards.
  • Among major indices, France’s CAC 40 closed lower for a third straight session, inching closer to support at its 10-DMA (-0.6%). Germany’s DAX 30 closed almost 1% higher, making new highs. The U.K.’s FTSE 100 closed 0.3% higher on higher volume, trading above all its key moving averages.
  • Twelve of the 16 indices we track closed in the green. Twelve are in a Confirmed Uptrend, one in an Uptrend Under Pressure, and three in a Rally Attempt. The average distribution day count stood at 2.1.
  • Of the 30 European Focus List names, 29 ideas are trading above their 200-DMA, while 25 ideas are trading above their 50-DMA.
    • Games Workshop (GAW.GB; GAW:LN) was added to the European Markets Focus List as the stock is actionable after breaking out of a stage-two seven-week cup base.
  • 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), 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 47bps and 51bps, respectively,
on lower d/d volume. The S&P 500 is trading above its 10-DMA (6,028), while the Nasdaq is trading just below its 10-DMA (19,660).
Immediate support for both indices is at their rising 21-DMA (5,999; 19,612), followed by their 50-DMA (5,984; 19,509). The distribution
day count remains at six on each index.

Won Europe Today

Posted on by Deepashree MC

Yesterday,

  • European markets traded higher, amid a global sell-off triggered by concerns over a potential AI breakthrough in China that could disrupt Western firms. Retail stocks led the gains despite continued pressure on the tech sector. Meanwhile, investors areweighing in a potential 25bps rate cut ahead of the European central bank’s policy decision later this week.
  • Among significant movers on the Stoxx 600, shares of the German equipment manufacturer Sartorius (SRT3X.DE; SRT3:GR) were up 11.5% after the company reported better-than-expected Q4 FY24 earnings and strong bioprocessing solutions order growth.
  • The Stoxx 600 closed 0.3% higher and is trading at a new 52-week high. It is extended from its key support levels. 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 Retail (+216bps) and Travel and Leisure (+186bps) leading the gains. Mining (-87bps) and Automobile (-19bps) were the sole outliers.
  • Among major indices, France’s CAC 40 extended its losses for a second straight session, closing 0.1% lower. Support is at its 10-DMA (-1.5%).Germany’s DAX 30 advanced 0.7% and is back at its 52-week high, trading above all its key moving averages. The U.K.’s FTSE 100 found strong support at its 10-DMA and closed 0.3% higher.
  • Ireland, Switzerland, and Spain were shifted to a Confirmed Uptrend from a Rally Attempt as the indices reclaimed their previous rally highs.
  • Sweden recorded its first distribution day.
  • Eleven of the 16 indices 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. The average distribution day count stood at 2.1.
  • Of the 29 European Focus List names, 28 ideas are trading above their 200-DMA, while 24 ideas are trading above their 50-DMA.

Won Global View

Posted on by Deepashree MC

The U.S. market remains in an Uptrend Under Pressure. Indices posted strong gains yesterday, with the S&P 500 and Nasdaq gaining
92bps and 203bps, respectively. Both indices are back above their short-term moving averages. Support is near their 21-DMA (5,995,
19,610), followed by their rising 50-DMA (5,983, 19,501). The distribution day count remains at six on each index.

Won Global View

Posted on by Deepashree MC

The U.S. market has been shifted to an Uptrend Under Pressure. The S&P 500 declined 146bps on higher volume and breached
support at its 10-DMA, with the next level of support at its 21- and 50-DMA (~5,982; -0.5%). The Nasdaq was down more than 300bps on
higher volume and has breached its 21- and 50-DMA support. It has the next level of support at the rising 100-DMA (18,795; -2.9%).
Indices added one distribution day each yesterday. The distribution day count remains at six on each index, after one expired on each
yesterday 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 markets broke into new highs last week after advancing more than 1%, owing to a positive sentiment following Trump’s speech about reduction of global interest rates, banking regulations, and lower oil prices.
  • The Stoxx 600 was upgraded to a Confirmed Uptrend this week as it reclaimed its prior rally high. Among sectors, Financial Services and Banking are trading near new highs, while Travel and Leisure has bounced off its 100-DMA and reclaimed its key moving averages.