Author: Deepashree MC

Won Europe Today

Posted on by Deepashree MC

On Friday,

  • European markets ended higher, supported by the announcement of a U.K.-U.S. trade agreement and amid growing anticipation ahead of the U.S.-China negotiations. Investors are now focused on the meeting in Switzerland, which could signal a de-escalation in trade tensions and shape near-term sentiment across European markets.
  • Among key movers on the Stoxx 600, shares of Commerzbank (CBK.DE; CBK:GR) gained 4% after the bank reported better-than-expected Q1 profit. Meanwhile, shares of Mediobanca (MB.IT; MB:IM) rose 5.4% after the company beat its Q3 FY25 earnings forecast amid efforts to resist a takeover attempt by Banca Monte dei Paschi (BMPS.IT; BMPS:IM). Shares of Bavarian Nordic (BAV.DK; BAVA:DC) jumped 6.1% following a Q1 revenue beat.
  • The Stoxx 600 booked a gain of 0.4% and continued to trade above all its key moving averages. Next resistance is at its all-time high (+4.4%). We recommend a selective approach to adding names on a high-volume breakout or decisive retake of their key moving averages.
  • Among the sectors, Oil & Gas (+198bps), Basic Resources (+85bps), Automobiles & Parts (+85bps), and Banks (+79bps) were the top gainers, while Travel & Leisure (-44bps) was the sole decliner.
  • Among major indices, France’s CAC 40 closed 0.6% higher and reclaimed its 50- and 100-DMA. Next resistance is at its April high (+1.6%). Germany’s DAX 30 jumped 0.6%, hitting a new all-time high. It continued to trade above all its key moving averages. Immediate support is at its 10-DMA (-2.5%). The U.K.’s FTSE 100 ended the session 0.3% higher. Immediate resistance is at its April high (+1%). Support is at its 10-DMA (-0.5%), followed by its 50-DMA (-1%).
  • Thirteen of the 16 markets we track closed in the green. Ten are in a Confirmed Uptrend, one in an Uptrend Under Pressure, and five in a Rally Attempt.
  • Portugal recorded its third distribution day. The average distribution day count stood at two.
  • All 17 European Focus List names are trading above their 50- and 200-DMA.
  • Actionable names in the European Focus List: SPIE (SPIE.FR; SPIE:FP), Games Workshop (GAW.GB; GAW:LN), Medacta Group (MOVE.CH; MOVE:SW), Premier Foods (PFD.GB; PFD:LN),3i Group (III.GB; III:LN), Sap (Xet) (SAPX.DE; SAP:GR), and RELX (REL.GB; REL:LN).

Won Global View

Posted on by Deepashree MC

The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq are consolidating above 50-DMA support (5,552; 17,366),
with only one distribution day on the S&P 500. Indices are trading 2% below the next level of resistance at their 200-DMA (5,748; 18,315).

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 Tenaris (TEN.IT; TEN:IM), Rio Tinto (RIO.GB; RIO:LN), Alfa Laval (ALF.SE; ALFA:SS), AAK (AAK.SE; AAK:SS), and Koninklijke Philips N.V. (PHIL.NL; PHIA:GK).

Won Global View

Posted on by Deepashree MC

The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq gained ~0.6% and ~1.1%, respectively. Immediate
support is at their 50-DMA (5,556; 17,378). Resistance is at their 200-DMA (5,748; 18,315). The distribution day count stands at one on
the S&P 500 and zero on the Nasdaq.

Won Europe Today

Posted on by Deepashree MC

Yesterday,

  • European markets closed lower as the U.S. Federal Reserve kept interest rates unchanged at 4.25–4.50%, citing ongoing inflation risks linked to tariff pressures. Eurozone retail stocks led sectoral losses following a steeper-than-expected decline in March retail sales. Health Care remained under pressure amid declines in shares of drugmakers, following leadership changes at the U.S. FDA’s vaccine division.
  • Among key movers on the Stoxx 600, shares of the Danish lender Jyske Bank (JYK.DK) rose ~7% following a better-than-expected Q1 FY25 earnings print. Shares of the medical equipment manufacturer Ambu B (AMB.DK; AMBUB:DC) declined 13.5% after the company reported a miss in its Q1 FY25 results.
  • The Stoxx 600 closed 0.5% lower, marking a pause in its rally from the previous week. It is testing support at its 50-DMA. Next support is at its flattish 100-DMA (-0.7%). 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 negative territory. Retail (-222bps) and Health Care (-139bps) led the losses, while Mining (+33bps) and Travel and Leisure (+32bps) gained the most.
  • Among major indices, France’s CAC 40 extended its losses for a third straight session, closing almost 1% lower. It failed to reclaim its 100-DMA and is now testing support at its converging 10- and 200-DMA. Germany’s DAX 30 was down 0.5%. The index still remains slightly extended from its key near- to mid-term support levels. The U.K.’s FTSE 100 closed 0.4% lower, marking its first loss over the past two weeks. Near-term support is at its 50-DMA, followed by its 100-DMA.
  • Belgium and France recorded their second and third distribution day, respectively.
  • Ten of the 16 indices we track closed in the red. Ten are in a Confirmed Uptrend, five in a Rally Attempt, and one in an Uptrend Under Pressure. The average distribution day count stands at 1.6.
  • All the 17 European Focus List names are trading above their 200-DMA, while 16 ideas are trading above their 50-DMA.
  • Actionable names in the European Focus List are Belimo N (BEAN.CH; BEAN:SW), Scout24 (G24X.DE; G24:GR), SPIE (SPIE.FR; SPIE:FP), Games Workshop (GAW.GB; GAW:LN), 3i Group (III.GB; III:LN), Premier Foods (PFD.GB; PFD:LN), Sap (SAPX.DE; SAP:GR), and Relx (REL.GB; REL:LN).

Won Global View

Posted on by Deepashree MC

The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq gained 30–40bps on higher d/d volume. Immediate
support is at the 50-DMA (5,561; 17,401) and resistance is at the 200-DMA (5,747; 18,315). The distribution day count stands at one on
the S&P 500 and zero on the Nasdaq.

Won Europe Today

Posted on by Deepashree MC

Yesterday,

  • European markets declined amid ongoing tariff uncertainty, as investors grappled with shifting U.S. trade policies.The U.S has signaled upcoming pharmaceutical tariffs within two weeks, following a surprise announcement of a 100% tariff on foreign-made films. Meanwhile, attention turned to the Fed’s policy meeting, with markets widely expecting rates to remain unchanged. In addition, the Bank of England’s interest rate decision is scheduled this week.
  • Among key movers on the Stoxx 600, shares of the Danish wind maker Vestas Wind Systems (VEW.DK; VWS:DC) rose ~9% after the company reported strong operating profit in Q1 FY25. On the flip side, shares of the medical equipment manufacturer Coloplast (COL.DK; COLOB:DC) fell 6% after its CEO stepped down, following lower-than-expected Q2 FY25 results.
  • The Stoxx 600 closed 0.2% lower after having gained in its past 10 consecutive sessions. It faced resistance at its early April high. Immediate support remains at its 50-DMA. We recommend a selective approach to adding names on a high-volume breakout or decisive retake of their key moving averages.
  • Among sectors, Utility (+51bps) and Automobile (+44bps) led the gains, while Health Care (-130bps) and Technology (-59bps) lagged the most.
  • Among major indices, France’s CAC 40 posted losses for a second straight session and closed 0.4% lower. The index breached its 100-DMA. Next support is at its converging 10- and 200-DMA (-1.1%).Germany’s DAX 30 declined about 0.4%, with near-term support at its 10-DMA. The U.K.’s FTSE 100 traded in line with its early April high and closed flat.
  • Denmark was shifted to an Uptrend Under Pressure from a Confirmed Uptrend.
  • Germany and Belgium recorded their first distribution day, while France and Denmark registered their second and third, respectively.
  • Eleven of the 16 indices we track closed in the red. Ten are in a Confirmed Uptrend, five in a Rally Attempt, and one in an Uptrend Under Pressure. The average distribution day count stands at 1.4.
  • All the 16 European Focus List names are trading above their 200-DMA, while 15 ideas are trading above their 50-DMA.
  • Actionable names in the European Focus List are Belimo N (BEAN.CH; BEAN:SW),SPIE (SPIE.FR; SPIE:FP), Games Workshop (GAW.GB; GAW:LN), 3i Group (III.GB; III:LN), Premier Foods (PFD.GB; PFD:LN), Sap (SAPX.DE; SAP:GR), and Relx (REL.GB; REL:LN).

Won Global View

Posted on by Deepashree MC

The U.S. market remains in a Confirmed Uptrend. The S&P 500 declined ~0.8% on higher d/d volume, registering its first distribution
day. The Nasdaq declined ~0.9% on lower d/d volume, avoiding a distribution day. Immediate support is at the 50-DMA (5,568; 17,427).
Resistance is at the 200-DMA (5,747; 18,315).

Won Europe Today

Posted on by Deepashree MC

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

  • European markets jumped more than 3% last week, lifted by strong earnings, U.S. job data, and easing U.S.-China trade tensions. A better-than-expected Eurozone inflation in April has not ruled out chances of ECB rate cuts amid ongoing growth risks.
  • On the sectoral front, Health Care, Technology, and Travel & Leisure led the gains, but face significant overhead resistance. Oil & Gas, Autos, and Mining continue to remain weak.

Won Global View

Posted on by Deepashree MC

The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq declined 0.6–0.7% on lower d/d volume, avoiding a
distribution day. Immediate support is at their 50-DMA (5,575; 17,459). Resistance is at their 200-DMA (5,746; 18,316).