Symbol: AENA.ES

Won Europe Today

Posted on by Deepashree MC

Yesterday,

  • European markets advanced higher, led by earnings-driven gains across multiple sectors. Germany’s GDP and CPIprints suggested unexpected economic contractions in Q2 and inflation surge in July, highlighting the ongoing challenges of Eurozone’s biggest economy. Investors will focus on the Federal Reserve’s upcoming July meeting and anticipate rate cuts by the central bank in September.
  • The Stoxx 600 gained 45bps on higher volume and closed above its 100-DMA. Immediate resistance is at its 21-DMA (515; +0.2%), followed by its 50-DMA (516.3;+0.4%). We recommend that investors trim positions in stocks that have breached their logical levels of support. Book profit in names that are breaching their 21- and 50-DMA on high volume.
  • Among sectors, Banks (+105bps), Retail (+97bps), and Financial Services (+97bps) gained the most, while Mining (-107bps) and Oil and Gas (-16bps) led the losses.
  • Among major indices, France’s CAC 40 advanced 42bps, attempting to catch up with its declining 10-DMA (7,528.9; +0.7%). Germany’s DAX 30 gained 46bps after testing strong support from its 100-DMA. The index reclaimed its 50-DMA on slightly higher volume. Next resistance is at its 21-DMA. The U.K.’s FTSE 100 declined 22bps after advancing for three straight sessions. Support is at its 50-DMA.
  • The Stoxx 600, France, and the Netherlands were shifted to a Rally Attempt from a Downtrend. Norway recorded its fourth distribution day.
  • Thirteen of the 16 indices we track closed in the green. One market (Belgium) is in a Confirmed Uptrend, two in an Uptrend Under Pressure, and 13 in a Rally Attempt. The average distribution day count stood at five.
  • Actionable names in the Focus List include Adidas (ADSX.DE; ADS:GR), Biotage (BIOT.SE; BIOT:SS), Relx (REL.GB; REL:LN), Lonza Group (LONN.CH; LONN:SW), and Premier Foods (PFD.GB; PFD:LN).

Won Europe Today

Posted on by Deepashree MC

On Tuesday,

  • European markets had a weak session with many leading indices, including the Stoxx 600, testing their respective 50-DMA. We recommend that investors remain cautious and book profits in extended names.
  • The Stoxx 600 lost 0.7% and was testing its 50-DMA. It remained in a Rally Attempt. Among other major indices, France’s CAC 40 faced resistance at its 21-DMA and has broken below its 50-DMA. Germany’s DAX alsofaced resistance at its 21-DMA andwas testing its 50-DMA. Both the indices remained in a Rally Attempt.
  • The U.K.’s FTSE 100 was trading above its key moving averages and is in a Confirmed Uptrend. It looks slightly extended and might be due for a short pullback.
  • Among sectors, Autos lost more than 4% and Basic Resources fell 0.4%. Banks, Utility, Telecom, and Real Estate ended flat.
  • Except Denmark, all the indices we track closed in the red. Denmark was shifted to a Rally Attempt after the index held its recent lows for three days. Spain was shifted to an Uptrend Under Pressure after the index recorded its tenth distribution day and breached its 21-DMA. Italy, Portugal, Norway, and Ireland recorded a distribution day each.
  • Actionable names in the Focus List include Tbc Bank Group (TBCG.GB; TBCG:LN) and Universal Music Group (UNMG.NL; UMG:NA).

Global Laggards

Posted on by Cornelio Ash

Highlighted Charts

 

U.S.: Alcoa (AA), Nucor (NUE), Valvoline (VVV), US Steel (X), Eagle Materials (EXP), Olin Corp (OLN), Moodys Corp (MCO), S&P Global (SPGI), Owens Corning (OC),  Fortune Brands (FBHS), Atkore (ATKR), Ralph Lauren (RL), Sensient Technologies (SXT), Baker Hughes Cl A (BKR), Tradeweb Markets (TW), Equifax Inc (EFX), First Republic Bank (FRC), Laboratory Corporation of America (LH), Livanova (LIVN), Lithia Motors Cl A (LAD), Burlington Stores (BURL), Sensata Technologies Holding (ST), Cognex Corp (CGNX), Spotify (SPOT), Alphabet (GOOGL), Cisco System (CSCO), Verisign (VRSN), New Relic, (NEWR), Bentley Systems (BSY), Oracle (ORCL), XPO Logistics (XPO), Expeditors International Wash (EXPD).

Developed: Henkel (HEN3X.DE, HEN3 GR), Trelleborg (TT@G.SE; TRELB SS), Sega Sammy Holdings (SESA.JP; 6460 JP), Aena Sme (AENA.ES, AENA SM), Mowi (MHG.NO, MOWI NO), Sun Life Financial (SLF.CA; SLF CN), Smith & Nephew (SN.GB; SN LN), Sonae sgps (SON.PT; SON PL).
Emerging: Cosan Industria E Comercio On (COS.BR; CSAN3 BZ).

Global Laggards

Posted on by Cornelio Ash

Attached is the latest Global Laggards report from our analysts.

This report has been curated by our sector analysts to find stocks showing technical weakness. We believe these stocks 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.

 

Highlighted Charts

 

U.S.: Harmony gold (HMY), Interpublic Group of Cos (IPG), Owen Corning (OC), Tri Pointe Homes (TPH), Columbia Sportswear Co (COLM), N O V (NOV), CME Group (CME), Marketaxess Holdings (MKTX), Charles Schwab Corp (SCHW), Stifel Financial Corp (SF), Davita (DVA), Universal Health (UHS), Five Below (FIVE), Tractor Supply Company (TSCO), Lululemon Athletica (LULU),  Teradyne (TER), Palo Alto Networks (PANW), Crowdstrike Holdings (CRWD), Meta Platforms (META),    American Airlines Group (AAL).

 

Developed: Brenntag (BNRX.DE; BNR GR), Ebara (EB@N.JP; 6361 JP), Aena Sme (AENA.ES; AENA SM), Panasonic (MI@N.JP; 6752 JP), Christian Hansen Holding (CHR.DK; CHR DC), Omv (OMV.AT; OMV AV), Henderson Land Development (HELD.HK; 12 HK), Eurofins Scientific (EUF.FR; ERF FP), Royal Philips Koninklije (PHIL.NL; PHIA GK), Supersol (SAE.IL; SAE IT), Ana Holdings (ANAW.JP; 9202 JP).

 

Emerging: United Spirits (MLC.IN; UNSP IN), SK Hynix (HYI.KR; 000600 KS).

Global Laggards

Posted on by Cornelio Ash

Attached is the latest Global Laggards report from our analysts.

This report has been curated by our sector analysts to find stocks showing technical weakness. We believe these stocks 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.

 

Highlighted Charts

 

U.S.: Royal gold (RGLD), Fortive Corporation (FTV), Cedar Fair Lp (FUN),Marriott Vacations Wrld (VAC), Interactive Brokers (IBKR), Sotera Health (SHC), Pool Corp (POOL), Tractor Supply Company (TSCO), Lithia Motors (LAD), T D Synnex (SNX), Chewy (CHWY), Weibo Corp (WB), Delta Air Lines (DAL), American Airlines Group (AAL).

 

Developed: GBL New (GBLN.BE, GBLB BB), Eiffage (FGR.FR; FGR FP), Aena Sme (AENA.ES; AENA SM), Mowi (MHG.NO; MOWI NO), Parex Resources (PXT.CA: PXT CN), Canadian Imperial Bank of Commerce (CM.CA; CM CN), Ucb (UCB.BE; UCB BB), Supersol (SAE.IL; SAE IT), BE Semiconductor (BESI.NL; BESI:NA), Qantas Airways (QAN.AU; QAN AU).

 

Emerging: Samsung Heavy Inds (SMH.KR; 010140 KS), Kangwon Land (KWL.KR; 035250 KS), Thai Oil (THOI.TH; TOP TB), Shoprite (SHPJ.ZA; SHP SJ), Hon Hai Precision Ind. (HON.TW; 2317 TT).

Global Laggards

Posted on by Cornelio Ash

Attached is the latest Global Laggards report from our analysts.

This report has been curated by our sector analysts to find stocks showing technical weakness. We believe these stocks 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.

 

Highlighted Charts

 

U.S.: Eastman Chemical (EMN), Berkshire Hathaway (BRKA), Gentherm (THRM), Owens Corning (OC), Snap On (SNA), Columbia Sportswear (COLM), McCormick & Co (MKC), N O V (NOV), Amer Equity Investment Life (AEL), Sotera Health (SHC), Steris (STE), Applied Industrial Tech (AIT), Lululemon Athletica (LULU), W W Grainger (GWW), Infinera (INFN), Advanced Energy Inds (AEIS), Cyberark Software (CYBR), Dynatrace (DT), Oracle Corp (ORCL), Take-Two Interactive Software (TTWO), Nortonlifelock (NLOK), Weibo Corp. (WB), United Airlines Holdings (UAL).

 

Developed: Incitec Pivot (IPL.AU, IPL AU), Mitsubishi (ZJ@N.JP; 8058 JP), Renault (RENU.FR; RNO FP), Aena Sme (AENA.ES, AENA SM), West Japan Railway (WJR.JP, 9021 JP), Petrochina ‘H’ (PECH.HK; 857 HK), Power Corp of Canada (POW.CA; POW CN), Coloplast B (COL.DK; COLOB DC), Ericsson B (SL@G.SE; ERICB SS), Qantas Airways (QAN.AU; QAN AU).

 

Emerging: L & F (LAF.KR, 066970 KS), Samsung Heavy Industries (SMH.KR; 010140 KS), Bts Group Holdings (TANA.TH, BTS TB), Commercial Bank of Qatar (CBQ.QA; CBQK QD), SM Investments (SNV.PH; SM PM), Korean Air Lines (KAA.KR; 003490 KS).

Global Laggards

Posted on by Cornelio Ash

Attached is the latest Global Laggards report from our analysts.

 

This report has been curated by our sector analysts to find stocks showing technical weakness. We believe these stocks 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.

 

Highlighted Charts

 

U.S.: PPG Industries (PPG), Moodys Corp (MCO), Tesla (TSLA), Harley Davidson (HOG), Intercontinental Hotels (IHG), Nu Skin Enterprises Inc (NUS), Targa Resources Corp (TRGP), Welltower (WELL), Integer Holdings (ITGR), Trimble (TRMB), Akamai Technologies (AKAM), Atlas Air (AAWW).

 

Developed: Dsm (DSM.NL; DSM NA), Mtu Aero Engines (MTXX.DE; MTX.GR), Dentsu (DENN.JP; 4324 JP), Aena Sme (AENA.ES; AENA SM), Accor(AC.FR; AC FP), Santos (STO.AU; STO AU), Danske Bank (DAB.DK;DANSKE DC), Carrefour (CRFR.FR; CA FP), Nokia (NOK1.FI; NOKIA FH), Sitc International (SIH.HK; 1308 HK).

 

Emerging: Grasim Industries (GSI.IN; GRASIM IN), Banco Bradesco On (DC3.BR; BBDC3 BZ), Jarir Marketing (JMC.SA; JARIR AB).