Symbol: FMEX.DE

Won Europe Today

Posted on by Deepashree MC

On Friday,

  • European markets closed in the green. Markets digested another busy week of corporate earnings. We
    recommend an incremental but selective approach to adding risk. Focus on high relative strength ideas that are
    part of leading and/or improving industry groups.
  • The Stoxx 600 closed 0.92% higher on above average volume and retook its 21-DMA. The index is forming the right side of a stage-one 56-week cup-with-handle base and sits 1% above the pivot. Since the index is trading above its moving averages (short-term and long-term), they should provide support going ahead. Support levels: 21-DMA (0.8% below), 50-DMA (2.8% below), 100-DMA (6% below), and 200-DMA (8.3% below). Next levels of resistance: 468 (0.8% above), followed by 475 (2.4% above).
  • Among major indices, France’s CAC, the U.K.’s FTSE 100, and Germany’s DAX are holding above their 21-DMA and other long-term key moving averages.
  • All the 17 indices we cover closed in the green. Sweden led the advance, up 1.7%. Two indices are in an Uptrend
    Under Pressure, 12 are in a Confirmed Uptrend, and the remaining three are in a Rally Attempt. The average
    distribution day count in Europe stands at 4.1.
  • Actionable names in the Focus List include Amg Advd. Metallurgical Group (AMG.NL; AMGUSD:EO), Epiroc A (EPIA.SE; EPIA:SS), Finecobank Spa (FCBK.IT; FBK:IM), Infineon Techs. (Xet) (IFXX.DE; IFX:GR), Ipsos (IPS.FR; IPS:FP), Wolters Kluwer (WSG.NL; WKL:NA), Edenred (EDEN.FR; EDEN:FP), Relx (REL.GB; REL:LN), Interparfums (ITP.FR; ITP:FP), Deutsche Telekom (Xet) (DTEX.DE; DTE:GR), Straumann Hldg. (STMN.CH; STMN:SW), Swedish Orphan Biovitrum (SOBI.SE; SOBI:SS), and Sika (SIKA.CH; SIKA:SW).

Won Europe Today

Posted on by Vidhya M

Yesterday

  • European markets had a positive session with most indices closing marginally higher. Volumes were mixed. We continue to recommend that investors remain cautious while adding new risk.
  • The Stoxx 600 gained 0.5% on higher volume. It continues to consolidate above its 50-DMA. Among sectors, Technology, Oil & Gas, and Banks gained more than 1%, while Travel & Leisure rose 3%. Defensive sectors such as Health Care lagged.
  • Among other major indices, France’s CAC continues to consolidate above its 50-DMA, Germany’s DAX is testing support at its 10-DMA, and the U.K.’s FTSE managed to hold on to its 50-DMA.
  • Among the 17 major indices that we track in Europe, Denmark, Finland, and Switzerland closed in negative territory, with Switzerland recording its fifth distribution day. Actionable names in the Focus List include Compass Group (CPG.GB; CPG:LN) and Ipsos (IPS.FR; IPS:FP).

Won Europe Today

Posted on by Vidhya M

Yesterday,

  • European markets had a positive day as inflation and earnings continued to drive markets. However, most major
    indices are still trading below their key moving averages with an elevated distribution day count. Hence, we
    recommend that investors be very cautious while adding any new risk.
  • The Stoxx 600 continues to find resistance at its declining 50-DMA. Most sectors closed in positive territory, with Oil
    & Gas stocks gaining more than 4%. Among other major indices, France’s CAC and Germany’s DAX continue to
    find supply along their respective declining 50-DMA. The U.K.’s FTSE 100 is facing resistance at its 21-DMA.
  • Among the 17 indices that we track in Europe, Denmark, Ireland, and Luxembourg closed in negative territory.
  • Actionable names in the Focus List include Novo Nordisk (NON.DK; NOVOB:DC), Elisa (ELIS.FI; ELISA:FH),
    Glaxosmithkline (GSK.GB; GSK:LN), Sonova N (SOON.CH; SOON:SW), Vantage Towers (VTWRX.DE;
    VTWR:GR), and Aker Bp (AKEP.NO; AKRBP:NO).

WON Europe Today

Posted on by admin

We released our European Weekly Summary today. Click here to access the report. Key points from it include:
The Stoxx 600 was downgraded to a Downtrend after the index breached its January 24 low. We recommend a
defensive approach given the recent downgrade of several European markets.
From our rotation chart, short-term momentum (over four weeks) continues to improve in Energy and Financial and
accelerating among defensive Consumer Staples.
European Focus List Update: Added Oci; Removed Rvrc Holding, Infineon, Teleperformance, and Indutrade.

Won Europe Today

Posted on by admin

We released our Weekly Global Laggards Report yesterday (please 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 names highlighted this week include
{Continental (CONX.DE; CON:GR), Flughafen Zurich (FHZN.CH; FHZN:SW), and Koninklijke Vopak (VPK.NL; VPK:NA)}.

Global Laggards

Posted on by Cornelio Ash

Highlighted Charts

U.S.: Cameco Corp  ( CCJ ), Molson Coors Brewing ( TAP ), Apergy ( APY ), Bank of New York Mellon ( BK ), Quidel Corp ( QDEL ), Walgreens Boots Alliance ( WBA ), Sally Beauty Holdings ( SBH ), Juniper Networks ( JNPR ), Hewlett Packard Enterprise ( HPE ), Bilibili Inc ( BILI ).

Developed: Mineral Resources ( MIN.AU; MIN AU ), Iss ( ISS.DK; ISS DC ), Subaru ( FJ@N.JP; 7270 JP ), Crown Resorts ( CWN.AU; CWN AU ), Oil Search ( OSH.AU; OSH AU ), Sumitomo Mitsui Financial Group ( SMFI.JP; 8316 JP ), Fresenius Medical Care ( FMEX.DE; FME GR ), Seven & I ( SEVI.JP; 3382 JP ), Brother Industries ( BI@N.JP; 6448 JP ), Deutsche Post ( DPWX.DE; DPW GR ).

Emerging: Ultrapar Participoes ( U3G.BR; UGPA3 BZ ), Cathay Financial Holdings ( CFC.TW; 2882 TT ).

 

WON Europe Today

Posted on by Veera Manju

Yesterday, most European markets and sectors closed in the red, dragged down by the poor performance of the Banking sector and widespread concerns over the U.S. tariffs on vehicle imports.

  • The Stoxx 600 was down 0.22%, declining from the three-month high recorded in the previous day. The index has a stiff resistance at the 200-DMA and remains in a Confirmed Uptrend.
  • The U.K.’s FTSE 100 slipped 0.56%, heavily affected by a 4% fall in shares of HSBC (HSBA.GB;HSBA:LN) post its disappointing results. Germany’s DAX improved 0.09%, while France’s CAC 40 declined 0.16%.

European Weekly Summary

Posted on by Tristan d'Aboville

Key points:

  • The Stoxx 600 is in a Confirmed Uptrend and we recommend gradually allocating more money
    toward the region as stocks break out of consolidation.
  • From our Focus List:
     Actionable ideas include Vitrolife ( VITR.SE ), Carl Zeiss Meditec ( AFXX.DE ), and Davide
    Campari ( CPR.IT ).
     Ideas forming the right side of a base: Givaudan ( GIVN.CH ) and Mowi ( MHG.NO ).
  • Outside of our Focus List, stocks of interest include: Edenred ( EDEN.FR ) and Ei Group ( EIG.GB ).

 

European Weekly Summary

Posted on by Tristan d'Aboville

Key points:
Europe: no end in sight: The chance of seeing the Ishares Dj Stoxx 600 breach its Monday Dec 10 low is very high. Such action would send the index back in a Downtrend.

Cash is king – Real Estate remains the best relative out performer. Top defensive plays: Around town ( AT1X.DE ) and Catena ( CATE.SE ).

Still relatively bullish on Nordic fish farmers. In the long run, low supply coupled with strong demand from emerging countries will continue supporting the price of Atlantic salmon. Buy Marine Harvest( MHG.NO )

European Weekly Summary

Posted on by Tristan d'Aboville

Key Points

I – Europe Falling Back to a Downtrend

The IShares Dj Stoxx 600 (in a Downtrend – See Page 5) breached its oneyear low yesterday and is now in unchartered territory. This is the second time this year that its follow‐through day failed. We see the 30.70 low of June 2016 acting as the next level of support.

Heavy distribution on Thursday followed a rout in U.S. futures after Canadian authorities arrested Huawei’s CFO at the request of the U.S., delivering a blow to the ongoing peace talks in the China‐U.S. trade war.

The yield curve inversion of the five‐ and three‐year treasury notes that occurred Monday for the first time in more than a decade added to investors’ worries.

In the wake of Ishares Dj Stoxx 600 weakness, we downgraded France, Germany, Norway, Sweden, Austria, Portugal, Spain and Luxembourg to a Downtrend. A majority of the 17 markets we cover are now in a Downtrend.

II – Defensives Continue to be the Best Bet Right Now

Amid extreme volatility with multiple variables like Italy’s debt crisis, a slowdown in the U.K. housing market, Brexit, etc., defensive stocks continue to relatively outperform the market. Of stocks with improving Relative Strength Ratings (over the past four weeks) and decent fundamental (SMR>50) that are under accumulation (A/D Rating >0), a majority are from:

1. Utility‐Electric Power, which includes Iberdrola (

), Terna (

), REN (

), and Focus List name Telecom Plus (TEP.GB – see Page 3). The latter continues to display strong technical characteristics and is actionable after breaking out of a 36‐week cup last week.

2. Staples: Among others, included are Unilever (ULVR.GB), Nestle (

), and Diageo (

). From our Focus List, Davide Campari (CPR.IT – See Page 4) is holding well, trading above its 50‐DMA.

3. Telecom: Swisscom (

) and Proximus (

).