AGK.GB – WILLIAM O'NEIL+CO

Won Europe Today

Posted on March 1, 2021 by admin

On Friday,

European markets had another weak session on good volume with most major indices recording distribution days. Leading
stocks remained mixed. We recommend that investors book profits in extended names.
The Stoxx 600 was down more than 1.6% on heavy volume, recording its seventh distribution day. The index broke below its
21‐DMA and closed below its 50‐DMA. It was downgraded to an Uptrend Under Pressure. Most sectors closed in the red
with Basic Resources falling more than 4%.
Among other major indices, France’s CAC found support at its 21‐DMA, while Germany’s DAX and the U.K.’s FTSE 100
closed below their respective 50‐DMA.
Leaders in Healthcare like (EUF.FR; ERF:FP), (AFXX.DE; AFX:GR) and (NON.DK; NOVOB:DC) broke below their key support
levels on high volume. However, action in semiconductor still remains constructive with ASML.NL and BESI.NL trading above
their 50‐DMA. Re‐opening plays like Trigano (TRI.FR; TRIL:FP) is another pocket of strength.
All the 17 indices that we track in Europe closed in negative territory with 11 of the 17 indices recording distribution days.
The average distribution day count has risen to 6.3. Apart from the Stoxx 600, Finland, Sweden, Italy, Belgium, the
Netherlands, and Luxembourg breached their respective 21‐DMA and were downgraded to an Uptrend Under Pressure.

WON Europe Today

Posted on March 6, 2019April 5, 2019 by Veera Manju

Yesterday,
European markets continued to trade higher with rising volume, indicating increased investor confidence. A slew of positive
economic data from the region helped buoyant market sentiments.
The pan‐European Stoxx 600 closed 0.15% higher, reversing early losses in the day. Telecommunication, Health Care, and Real
Estate stocks were leading the gains, while Auto, Banks, and Media dragged the index down.
Among the major bourses, the U.K.’s FTSE 100 took the lead and gained 0.69%, followed by Germany’s DAX, which rose 0.24%
and reached a three‐month high. France’s CAC 40 closed 0.21% higher.
The only countries to close in negative territory were Finland, Austria, Italy, Spain, Belgium, and Luxembourg.

Global Laggards

Posted on November 29, 2018February 1, 2019 by Heetae Kim

Highlighted Charts

U.S.: Lyondellbasell Ind A Nv ( LYB ), Barnes Group ( B ), Criteo SA ( CRTO ), Colgate Palmolive Co ( CL ), Plains GP Hldgs Cl A ( PAGP ), Corporate Office Pptys ( OFC ), Bio Rad Labs Inc. ( BIO ), Autonation ( AN ), Shutterstock Inc. ( SSTK ), Kulicke and Soffa Ind ( KLIC ), Manhattan Associates ( MANH ), Saia Inc ( SAIA ).

Developed: Rio Tinto ( RIO.GB; RIO LN ), Singapore Telecom ( TELC.SG; ST SP ), Nissin Foods Holdings ( NIFP.JP; 2897 JP ), Subsea 7 ( SUBC.NO; SUBC NO ), Partners Group Holdings ( PGHB.CH; PGHN SW ), Recordati Industria Chimica ( REC.IT; REC IM ), Izumi ( IZUM.JP; 8273 JP ), Hitachi Metals ( HM@N.JP; 5486 JP ), Fujitsu ( FT@N.JP; 6702 JP ).

Emerging: Klabin Units ( KLU.BR; KLBN11 BZ ), Mondi ( MNDJ.ZA; MND SJ ), Minor International ( RGRT.TH; MINT TB ), Pegatron ( PEG.TW; 4938 TT ).

Stocks worth focusing on in this week’s Global Laggards:

U.S.

Shutterstock ( SSTK ) – Retail Internet, $1.36B Market Cap – operates an online marketplace for licensed commercial digital imagery for sale to media and marketing agencies. The company serves more than 1.8 million active paying users in 150 countries.

The company’s Enterprise business (40% of revenues) faces an increasingly competitive environment, with y/y sales growth for this segment decelerating from 35% in Q2 to 14% in Q3. This trend is particularly concerning as Enterprise has been the key growth driver for SSTK, while the company’s e-commerce business has only been growing in the single digits.

The stock breached its 200-DMA, previous a level of support, in mid-October before gapping down substantially on October 30 after reporting below-consensus Q3 results and reducing the high end of its guidance range for FY 2018 sales and EPS.

SSTK has missed consensus EBITDA estimates in 7 of the past 8 quarters.

The stock’s RS rating has dropped from 88 to 21 over the past month, while its weak A/D Rating (D+) indicates ongoing distribution.

SSTK trades at 25x next year’s earnings, while estimated 2019 EPS only represents 5% y/y growth.

Global Laggards

Posted on July 20, 2017February 1, 2019 by Heetae Kim

Our Global Laggards report comprises U.S., Developed, and Emerging market stocks showing technical weakness. We believe these stocks are laggards relative to their own domestic markets and we recommend they be underweighted as they may be vulnerable to further downside risk and underperformance. Read this week’s report to see which stocks are headed for a possible breakdown in the current market.

Global Laggards

Posted on July 6, 2017February 1, 2019 by Heetae Kim

Our Global Laggards list comprises stocks that have poor O’Neil Ratings and Rankings. This list 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.