Author: Deepashree MC

Won Europe Today

Posted on by Deepashree MC

On Friday,

  • European markets ended the week on a positive note, lifted by a busy earnings season, easing U.S.-China trade tensions, and a steady U.S. jobs report that supported investor sentiment. The euro also strengthened after Eurozone’s inflation came in flat in April but exceeded expectations.
  • Among key movers on the Stoxx 600, shares of Airbus (AIRS.FR; AIR:FP) were up more than 5% after the company reported better-than-expected quarterly results and reaffirmed its annual guidance.
  • The Stoxx 600 gapped up 1.7% on higher volume after finding support at its 200-DMA and reclaimed its 50- and 100-DMA. It is now 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 moving averages.
  • Most sectors closed in positive territory, with Travel and Leisure (+473bps) and Technology (+409bps) leading the gains. Utility (-66bps) was the only sector to close in the red.
  • Among major indices, France’s CAC 40 was up more than 2% and retook its 100-DMA. It was facing resistance at its 50-DMA.Germany’s DAX 30 bounced off support at its 50-DMA and closed 2.6% higher. Near-term resistance is at its mid-March high. The U.K.’s FTSE 100 marked its fifteenth consecutive session of gains, its new longest run ever. The index reclaimed its 50-DMA and is trading above all its key moving averages.
  • Portugal recorded its second distribution day.
  • All the 16 indices we track closed in the green, except Portugal. Ten are in a Confirmed Uptrend and six in a Rally Attempt. The average distribution day count stands at 1.3.
  • All the 15 European Focus List names are trading above their 200-DMA, while 14 ideas are trading above their 50-DMA.
  • Actionable names in the European Focus List are Belimo (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), and Relx (REL.GB; REL:LN).

Won Global View

Posted on by Deepashree MC

The U.S. market is in a Confirmed Uptrend. The S&P 500 and Nasdaq jumped 2–3% last week and regained their 50-DMA (5,583;
17,493), along with an improvement in quality ideas setting up. The next level of resistance is at their 200-DMA (5,746; 18,317).

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 Svenska Cellulosa Aktiebolaget (SW@G.SE; SCAB:SS) and InterContinental Hotels Group (IHG.GB; IHG:LN).

Won Global View

Posted on by Deepashree MC

The U.S. market is in a Confirmed Uptrend. The S&P 500 rose for the eighth consecutive session but closed near session lows, ending
63bps higher on lower d/d volume. The Nasdaq gained 152bps and also closed near session lows on lower d/d volume. Indices reclaimed
their 50-DMA (5,591; 17,532), which will now act as support. Next resistance is at their 200-DMA (5,746; 18,320).

Won Global View

Posted on by Deepashree MC

The U.S. market is in a Confirmed Uptrend. Despite a weak opening, the S&P 500 rose for the seventh consecutive session and ended
15bps higher on higher d/d volume. The Nasdaq opened ~2% lower and closed near the top of the day’s range, ending 9bps lower on
lower d/d volume. Indices bounced off their 21-DMA (5,449; 16,997) support and are approaching their declining 50-DMA resistance
(5,602; 17,579), with next resistance at their 200-DMA (5,746; 18,324).

Won Europe Today

Posted on by Deepashree MC

Yesterday,

  • European markets closed higher for a sixth straight session, supported by financial stocks following earnings reports from HSBC and Deutsche Bank. Investor focus remained on how companies are interpreting the potential impact of U.S. tariffs and global economic uncertainty, which could shape market direction ahead.
  • Among key movers on the Stoxx 600, shares of HSBC (HSBA.GB; HSBA:LN) rose 3% after the company announced a $3B share buyback, despite cautioning about potential risks amid U.S. trade tensions. Shares of Deutsche Bank (DBKX.DE; DBK:GR) gained 5% on a 39% jump in Q1 profit, while shares of BP (BP.GB; BP/:LN) fell 2.4% after the company reported a larger-than-expected 48% y/y decline in net profit and the exit of its strategy chief.
  • The Stoxx 600 continued its positive momentum and booked a gain of 0.4%. Next resistance is at its 100-DMA (+0.7%), followed by its 50-DMA (+1.7%). We recommend a selective approach to adding names on a high-volume breakout or decisive retake of their key moving averages.
  • Among sectors, Banks (+141bps), Health Care (+136bps), and Utility (+115bps) were the top gainers, while Food & Beverage (-22bps) and Oil & Gas (-12bps) lagged the most.
  • Among major indices, France’s CAC 40 closed 0.3% lower. Support is at its 10-DMA (-1.3%), followed by its 21-DMA (-2%). Germany’s DAX 30 advanced 0.7%, bouncing off its 50-DMA. It was above all its key moving averages. Next resistance is at its April high (+0.5%). The U.K.’s FTSE 100 reclaimed its 100-DMA and closed 0.5% higher. Next resistance is at its 50-DMA (+0.4%).
  • Thirteen of the 16 markets we track closed in the green. Ten are in a Confirmed Uptrend and six in a Rally attempt.
  • France recorded its first distribution day. The average distribution day count stood at 1.2.
  • All the 13 European Focus List names are trading above their 200-DMA, while 12 ideas are trading above their 50-DMA.
  • Actionable names in the European Focus List: 3i Group (III.GB; III.LN), Relx (REL.GB; REL:LN), Games Workshop (GWA.GB), Spie (SPIE.FR; SPIE:FP), and Swissquote ‘R’ (SQN.CH; SQN:SW).

Won Global View

Posted on by Deepashree MC

The U.S. market is in a Confirmed Uptrend. The S&P 500 rose for the sixth consecutive session and ended 58bps higher on higher d/d
volume. The Nasdaq gained 55bps on higher d/d volume. Indices are approaching their declining 50-DMA resistance (5,613; 17,631), with
next resistance at their 200-DMA (5,746; 18,328) and support at their respective 21-DMA (5,437; 16,952).

U.S. Economic Summary

Posted on by Deepashree MC

Q1 GDP advance estimates show first contraction since Q1 2022: Per advance estimates, the U.S.
economy contracted 0.3% y/y in Q1, missing estimates of 0.3% y/y growth, reversing from a 2.4% y/y
growth in Q4 FY24. Consumer spending grew 1.8%, the least since Q2 2023, impacted by a 5.1% drop in
government expenditures. Fixed investments surged the most since Q2 FY23, up 7.8% y/y during the
periodR

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:

  • The Stoxx 600 was upgraded to a Confirmed Uptrend last Wednesday after it rose 1.79% on higher volume, meeting a key technical threshold. France, Germany, and Austria also recorded a follow-through day and were upgraded to a Confirmed Uptrend.
  • Sector performance was largely positive last week, led by Consumer Cyclical (+4.3%), driven by Autos, Basic Material (+4.1%), and Technology (+3.7%). Consumer Staple (+0.8%) and Utility (-0.1%) lagged. Sector Score Cards highlight emerging leadership in Consumer Cyclical, Capital Equipment, and Financial, as many stocks are breaking out or advancing from their recent bases.

Won Global View

Posted on by Deepashree MC

The U.S. market is in a Confirmed Uptrend. The S&P 500 closed 6bps higher on higher d/d volume. The Nasdaq closed in the upper
half of its range but 10bps lower on higher d/d volume. Indices are approaching their declining 50-DMA resistance (5,624; 17,682), with
support at their respective 21-DMA (5,425; 16,901).