JLL – WILLIAM O'NEIL+CO

O’Neil Financial Sector Weekly

Posted on June 3, 2025 by shailendra bhogaraju

Sector ETF Performance – U.S.

XLF advanced 1.9% last week and reclaimed its 10-DMA ($50.78). It is currently trading 3% off highs with immediate support at its 100-DMA ($49.64, (-2.7%)). RS line is trending sideways, indicating in-line performance with the broader market. Acc/Dist Rating has improved to C from D+ in the last week. Foreign Banks and Insurance-related stocks have outperformed over the past three months, while Super Regional Banks, Consumer Loan Stocks, and Real Estate Developers underperformed.

Global Laggards

Posted on October 26, 2018February 1, 2019 by Heetae Kim

Highlighted Charts

U.S.: Univar Incorporation ( UNVR ), Berry Global Group ( BERY ), Nordson ( NDSN ), Toyota Motor Corp ADR ( TM ), Travelport Worldwide Ltd ( TVPT ), Western Gas Partners Lp ( WES ), Regions Financial Corp ( RF ), Chemical Financial Corp ( CHFC ), Alkermes ( ALKS ), The Gap ( GPS ), Sothebys ( BID ), Waters Corporation ( WAT ), Mindbody ( MB )

Developed: Symrise ( SY1X.DE; SY1 GR ), Nomura Research Institute ( NMRS.JP; 4307 JP ), China Unicom ( UNIC.HK; 762 HK ), Kirin Holdings ( KB@N.JP; 2503 JP ), Dcc ( DCC.GB; DCC LN ), Phoenix Group Holdings ( PHNX.GB; PHNX LN ), Novo Nordisk ‘B’ ( NON.DK; NOVOB DC ), Rocket Internet ( RKETX.DE; RKET GR ), Rakuten ( RAKT.JP, 4755 JP ), NextDC ( NXT.AU; NXT AU ), Rentokil ( RTO.GB; RTO LN ), MTR Corporation ( MTRC.HK; 66 HK )

Emerging: Hero Motocorp ( HER.IN; HMCL IN ), Nedbank Group ( NEDJ.ZA; NED SJ ), Quanta Computer ( QUM.TW; 2382 TT )

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

U.S.

Hilton Worldwide ( HLT ) – Leisure Lodging ( $23B market cap ) – Hospitality company operating more than 5,300 properties (~879,000 rooms) through 14 brands across 106 countries. Its brands include Hilton Hotels & Resorts, Waldorf Astoria, Embassy Suites, and Hampton.

The U.S. Leisure-Lodging ( G7011 ) group continues to underperform the general market, reflected by its poor RS Rating and IG Rank of 182 out of 197 groups (1 being the best).

Our bearish call in July was based on concerns about supply surpassing demand growth in the near term, currency volatility, increasing alternative accommodations, rising interest rates, and stretched valuations.

HLT reported Q3 results this week and revenues grew a modest 7.7%. RevPAR grew 2.0%, lagging the 2.5-3.0% expectation. The occupancy rate in the U.S. was 79.1%, down 0.5% y/y. System-wide occupancy was down 0.1% y/y, which reinforces our belief that demand has topped.

HLT remains under distribution: RS line at multi-year lows, RS Rating of 21, and A/D Rating of E. Next level of support is ~$61.

Global Laggards

Posted on August 30, 2018February 1, 2019 by Heetae Kim

Highlighted Charts

U.S.: Buenaventura Comp Ads ( BVN ), Commercial Metals ( CMC ), Flowers Foods ( FLO ), Schlumberger Ltd ( SLB ), Jones Lang Lasalle ( JLL ), Owens & Minor ( OMI ), Cars.com ( CARS ), Advanced Energy ( AEIS ), Netscout Systems Inc ( NTCT ), Werner Enterprises ( WERN )

Developed: Voestalpine ( VAS.AT; VOE AV ), Misumi ( MISM.JP; 9962 JP ), Taiheiyo Cement ( OC@N.JP, 5233 JP ), Kirin Holdings ( KB@N.JP; 2503 JP ), Gazprom ( OGZD.GB; OGZD LI ), Challenger ( CGF.AU; CGF AU ), Shanghai Fosun Pharma ( SFPG.HK; 2196 HK ), Matsumotokiyoshi Holdings ( MAYI.JP; 3088 JP ), STMicroelectronics ( STM.IT; STM IM ), G4S ( GFS.GB ; GFS LN ), Japan Airlines ( JAPL.JP; 9201 JP )

Emerging: Natura Cosmeticos ( NAT.BR; NATU3 BZ ), Intau Unibanco Holding ( IU4.BR; INTUB4 BZ ), E-Mart ( EMA.KR; 139480 KS ), Mediatek ( MDT.TW; 2454 TT )

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

U.S.

Jones Lang LaSalle ( LNG) – Financial ($6.9B Market Cap ) – Provides real estate and investment management services, including property management, project/development services, and valuation of public/private assets.

The Company reported its Q2 2018 results on August 8. Adjusted EPS growth decelerated in Q2. EPS grew marginally at 4% y/y, while consolidated revenue registered growth of 12% y/y. AUM stood at $59.9B as of June 2018. The figure was flat (in local currency) compared with AUM of $59B in March.

The Company reported an operating loss of $1.3M from its EMEA Real Estate segment, compared with an operating profit of $10M in Q2 2017. Adjusted EBITDA for the segment came in at $11.2M (versus $21.2M a year ago) for a 47% y/y decrease. The EMEA Real Estate Services segment contributed to 22% of the Company’s total revenue.

Equity earnings related to the LaSalle segment decreased 34% y/y to $9.1M (versus $13.7M in Q2 2017).

President, CEO, and Director of JLL Christian Ulbrich expressed his dissatisfaction in the lack of potential M&A targets during the conference call.

The Company’s pretax margin and ROE have been deteriorating continuously since 2015.

With lack of organic and inorganic growth as well as continued pressure from EMEA, JLL will likely face a deeper slowdown in 2019. The stock has breached its 200-DMA and the next price support is around $133 (-13%).

Global Laggards

Posted on August 16, 2018February 1, 2019 by Heetae Kim

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.: Axalta Coating Systems (

), Mastec (

), Caterpillar ( CAT ), Goodyear Tire & Rubber ( GT ), Hain Celestial Group ( HAIN ), Core Laboratories ( CLB ), Umpqua Holdings Corp ( UMPQ ), Tivity Health ( TVTY ), Cars.com ( CARS ), JD.com ( JD ), Infinera ( INFN ), Zynga Inc ( ZNGA ), Jetblue Airways ( JBLU ).

Developed: South32 (S32.AU; S32 AU), Nidec ( NDEN.JP; 6594 JP ), Horiba ( HORI.JP; 6856 JP ), Nissan Motor ( NR@N.JP, 7201 JP ), Ontex Group ( ONTE.BE; ONTEX BB ), Pjsc Gazprom ( OGZD.GB; OGZD LI ), Unicredit ( UCG.IT; UCG IM ), Otsuka Holdings ( OTHD.JP; 4578 JP ), Metcash ( MTS.AU; MTS AU ), Siltronic ( WAFX.DE; WAF GR ), Adecco ( ADEN.CH; ADEN SW ), Royal Mail ( RMG.GB; RMG LN ).

Emerging: Posco ( PIS.KR; 005490 KS ), Hero Motocorp ( HER.IN; HMCL IN ), LG Household & Healthcare ( LHH.KR; 051900 KS ), Bradespar Pn ( R4P.BR; BRAP BZ ), Lojas Americanas ( LM4.BR; LAME4 BZ ), Quanta computer ( QUM.TW; 2382 TT ), Korean Air Lines ( KAA.KR; 003490 KS ).