Author: Deepashree MC

Won Europe Today

Posted on by Deepashree MC

Yesterday,

  • European markets ended higher, supported by gains in financial and defense stocks. However, Denmark’s index tumbled nearly 12%, marking its steepest intraday drop this year after drugmaker Novo Nordisk (NON.DK; NOVOB:DC) issued a profit warning, dragging the broader pharmaceutical sector down by 1.6%.
  • The Stoxx 600 gained 0.3%, rebounding from the losses in its previous two sessions and is trading above all its key moving averages. We recommend a selective approach to adding names on a high-volume breakout or decisive retake of their key resistance levels.
  • Among significant movers on the Stoxx 600, shares of Novo Nordisk (NON.DK; NOVOB:DC) fell ~23%, logging its all-time steepest intraday decline after the company trimmed its FY25 sales growth guidance and named a new CEO amid strong competition in the obesity drug market. On the flip side, shares of Philips (PHIL.NL; PHIA:GK), the Dutch healthcare technology group, rose 9% after the company lowered its estimated U.S. tariff impact.
  • Among sectors, Banks (+163bps) and Energy (+61bps) led the gains, while Health Care (-147bps) and Mining (-99bps) lagged the most.
  • Among major indices, France’s CAC 40 bounced off its 10-DMA, closing 0.7% higher. Next resistance is at its July 10 high (+0.6%). Germany’s DAX 30 reclaimed its 10- and 21-DMA. The index closed more than 1% higher after finding support at its 50-DMA. It is back above all its key moving averages. The U.K.’s FTSE 100 snapped its two-day losing streak, closing the session 0.6% higher. The index is near its all-time high.
  • Denmark was downgraded to a Downtrend from a Confirmed Uptrend as the index closed ~12% lower, making a new low and breaching all its key support levels.
  • The Netherlands recorded Day 2 of its rally attempt.
  • All the 16 indices we track closed in the green, except Denmark and Finland. Seven are in a Confirmed Uptrend, five in a Rally Attempt, two in an Uptrend Under Pressure, and two in a Downtrend. The average distribution day count stands at 2.33.
  • Of the 26 European Focus List names, 21 ideas are trading above their 50-DMA, while 25 are trading above their 200-DMA.
  • Actionable names in the European Focus List are Camurus (CAMX.SE; CAMX:SS), Alk-Abello B (ALK.DK; ALKB:DC), Lottomatica (LOTG.IT; LTMC:IM),Nemetschek (NEMX.DE; NEM:GR), Bawag (BWGP.AT; BG:AV), and Medacta (MOVE.CH; MOVE:SW).

Won Global View

Posted on by Deepashree MC

The U.S. market remains in a Confirmed Uptrend. The S&P 500 declined 30bps on higher volume, registering a distribution day, while
the Nasdaq was down ~40bps on lower volume. Indices have strong support at their rising 10-DMA (6,338/20,971), followed by their 21-
DMA (6,275/20,700). The distribution day count stands at three and two, respectively.

Won Europe Today

Posted on by Deepashree MC

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

  • European markets closed higher last week, with most of them trading near their 52-week highs.
  • Among sectors, Automakers and Luxury outperformed on hopes of a U.S.-European Union trade deal, while Technology pulled back following Intel’s hawkish commentary on weakening capex trends.

Won Global View

Posted on by Deepashree MC

The U.S. market remains in a Confirmed Uptrend. The S&P 500 closed flat on higher volume, while the Nasdaq was up 33bps on lower
volume. Indices have strong support at their rising 10-DMA (6,331/20,943), followed by their 21-DMA (6,265/20,660). The distribution day
count remains at two on each index.

Won Europe Today

Posted on by Deepashree MC

On Friday,

  • European markets ended the week lower as investors responded to mixed earnings and monitored developments in an EU-U.S. trade deal that officials indicated could be finalized over the weekend. The focus now shifts to a crucial week that includes the Fed’s policy meeting, the August 1 U.S. tariff deadline, and the results from major U.S. tech companies.
  • Among key movers on the Stoxx 600, shares of Puma (PUMX.DE; PUM:GR) fell ~16%, their biggest drop in over four months, after the company reported disappointing Q2 results and lowered its 2025 forecast. Meanwhile, shares of LVMH (LVMH.FR; MC:FP)gained 3.9% as investors embraced indications of a business recovery in China, as emphasized in its Q2 report.
  • The Stoxx 600 closed the session 0.3% lower. Immediate support is at its 10-DMA (-0.4%), followed by its 50-DMA (-0.6%). We recommend a selective approach to adding names on a high-volume breakout or decisive retake of their key moving averages.
  • Among sectors, Automobiles & Parts (+129bps), Utility (+28bps), and Travel & Leisure (+20bps) were the top gainers, while Financial Services (-91bps), Telecommunications (-69bps), and Technology (-61bps) lagged the most.
  • Among major indices, France’s CAC bounced off its 21-DMA and gained 0.2%. Immediate resistance is at its July high (+0.9%). Germany’s DAX fell 0.4% and tested support at its 21-DMA. Next support is at its 50-DMA (-2%). The U.K.’s FTSE ended the session 0.2% lower after seven consecutive sessions of gains. Support is at its 10-DMA (-0.9%).
  • Nine of the 16 markets we track closed in the red. Ten are in a Confirmed Uptrend, five in a Rally Attempt, and one in a Downtrend.
  • Denmark was upgraded to a Confirmed Uptrend from a Rally Attempt after the index reclaimed its previous rally high.
  • Of the 25 European Focus List names, 24 are trading above their 200-DMA, while20 names are trading above their 50-DMA.
  • Actionable names in the Focus List include Scout24 (Xet) (G24X.DE; G24:GR), Lottomatica (LOTG.IT; LTMC:IM), Medacta Group (MOVE.CH; MOVE:SW), Nemetschek (Xet) (NEMX.DE; NEM:GR), and Bawag Group (BWGP.AT; BG:AV).

Won Global View

Posted on by Deepashree MC

The U.S. market remains in a Confirmed Uptrend. On Friday, the S&P 500 and Nasdaq were up 40bps and 24bps, respectively, on
lower volume. Indices have strong support at their rising 10-DMA (6,318/20,890), followed by their 21-DMA (6,253/20,608). The distribution day count stands at two on each index, after one expired on each index last Friday after market close.

Won Europe Today

Posted on by Deepashree MC

We released our Weekly Global Laggards Report today. Click here for 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 Brenntag (BNRX.DE; BNR:GR), Atlas Copco (ACBF.SE; ATCOB:SS), Publicis Groupe (PUB.FR; PUB:FP), Richemont N (CFR.CH; CFR:SW), Essity B (ESSI.SE; ESSITYB:SS), and London Stock Exchange Group (LSEG.GB; LSEG:LN).

Won Global View

Posted on by Deepashree MC

The U.S. market is in a Confirmed Uptrend. The S&P 500 and Nasdaq extended gains, rising 7bps and 18bps, respectively. Support is
at their rising 10-DMA (6,303/20,842), followed by their 21-DMA (6,240/20,559). The distribution day count stands at three on each index,
with one expiring on each index today after market close.

Won Europe Today

Posted on by Deepashree MC

Yesterday,

  • European stocks closed at two-week highs, led by gains in Automakers, as optimism grew over a possible U.S.-EU trade deal to reduce impending tariffs. Investors continue to be on edge as the deadline of August 1 draws near and negotiations have stalled in recent weeks. The European Commission is preparing retaliatory measures should the negotiations fail.
  • Among key movers on the Stoxx 600, shares of ASM International (ASIN.NL; ASM:NA) fell 10.4% following lower-than-expected Q2 bookings. Meanwhile, shares of UniCredit (UCG.IT; UCG:IM) advanced 3.6% following a solid Q2 earnings beat and an improved FY25 outlook.
  • The Stoxx 600 surged 1.1% and reclaimed its 10- and 50-DMA. Next resistance is at its July high (+0.4%). We recommend a selective approach to adding names on a high-volume breakout or decisive retake of their key moving averages.
  • Among sectors, Automobiles & Parts (+376bps), Health Care (+239bps), and Oil & Gas (+181bps) were the top gainers, while Utility (-247bps), Technology (-111bps), and Telecommunications (-86bps) lagged the most.
  • Among major indices, France’s CAC gained 1.4% on higher volume and reclaimed its 10- and 50-DMA. Next resistance is at its July high (+0.4%). Germany’s DAX closed 0.8% higher. It bounced off its 21-DMA and tested resistance at its 10-DMA.Next resistance is at its July high (+0.1%). The U.K.’s FTSE continued the positive momentum and advanced 0.8%, hitting an all-time high. Support is at its 10-DMA (-0.7%).
  • Fifteen of the 16 markets we track closed in the green. Nine are in a Confirmed Uptrend, five in a Rally Attempt, and two in a Downtrend.
  • Sweden was shifted to a Confirmed Uptrend from an Uptrend Under Pressure after the index reclaimed its previous rally high. Belgium was upgraded to a Confirmed Uptrend from a Rally Attempt after the index reclaimed its previous rally high.
  • All 25 European Focus List names are trading above their 200-DMA, while19 names are trading above their 50-DMA.
  • Actionable names in the Focus List include Galderma (GALD.CH; GALD:SW), Diploma (DPLM.GB; DPLM:LN), Alk-Abello B (ALK.DK; ALKB:DC), 3i Group (III.GB; III:LN), Lottomatica (LOTG.IT; LTMC:IM), Medicover B (MEDI.SE; MCOVB:SS), and Medacta Group (MOVE.CH; MOVE:SW).

Won Global View

Posted on by Deepashree MC

The U.S. market is in a Confirmed Uptrend. The S&P 500 and Nasdaq advanced, gaining 78bps and 61bps, respectively. Support is at
their rising 10-DMA (6,290/20,795), followed by their 21-DMA (6,227/20,509). The distribution day count stands at three on each index,
with one set to expire on each index this Friday after market close.