Symbol: RENU.FR

Won Europe Today

Posted on by Deepashree MC

Yesterday,

  • European markets had a mixed session. Most major indices continued to face resistance at their near-term support levels. We recommend that investors continue to maintain a cautious stance on the markets until a follow-through day/new rally high on strong volume.
  • The Stoxx 600 ended flat yesterday, gaining 0.13% on low volume. It continues to face resistance near 466, which coincides with its November 2021 lows. Among sectors, Real Estate gained more than 1% and Utility advanced 0.5%. On the flip side, Travel & Leisure lost 2% and Technology fell 0.9%.
  • Among other major indices, France’s CAC 40 rose above its March 2023 highs to make a new all-time high.
    However, volume was low. Germany’s DAX continues to face resistance at its March 2023 highs. Both indices
    continue to remain in a Rally Attempt. The U.K.’s FTSE 100 gained 0.5% on low volume.
  • Ireland was moved to a Rally Attempt after the index held its recent lows. Actionable names in the Focus List are Swedish Orphan Biovitrum (SOBI.SE; SOBI:SS), Deutsche Boerse (DB1X.DE; DB1:GR), Ferrari (RACE.IT;
    RACE:IM), Infineon Techs. (Xet) (IFXX.DE; IFX:GR), Interparfums (ITP.FR; ITP:FP), Nibe Industrier (NIBE.SE; NIBEB:SS), and Straumann Hldg. (STMN.CH; STMN:SW).

Won Europe Today

Posted on by Deepashree MC

On Friday,

  • European markets had a mixed day with 9 of the 17 indices that we track closing in the red, though on low volumes.
    Markets continue to trade constructively along their rising near-term key moving averages. We recommend
    investors add risk coming out of proper bases.
  • The Stoxx 600 continues to trend upward along its rising 10-DMA. It is 3.3% below its 52-week high on February 3,
    2022. Among sectors, Health Care stocks gained 1.5%, Oil & Gas stocks were up 1%, while Real
    Estate and Telecommunication stocks lagged
  • Among other major indices, France’s CAC continues trend upward along its rising 10-DMA. Germany’s DAX and
    the U.K.’s FTSE 100 broke out into new highs, clearing the high made on January 17 2023.
  • New focus list additions Sartorius (SRT3X.DE; SRT3:GR) and Straumann Holdings (STMN.CH; STMN:SW) are
    actionable. Other actionable names in the Focus List are Burckhardt Cmpsn. Hldg. (BCHN.CH; BCHN:SW),
    Deutsche Telekom (DTEX.DE; DTE:GR), and Nibe Industrier (NIBE.SE; NIBEB:SS).

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 names highlighted this week include Brenntag
(BNRX.DE; BNR:GR), Christian Hansen Holding (CHR.DK; CHR:DC), Eurofins Scientific (EUF.FR; ERF:FP), Aena Sme
(AENA.ES; AENA:SM), and Omv (OMV.AT; OMV:AV).

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).

Won Europe Today

Posted on by admin

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 names highlighted this week include Wienerberger
(WNBA.AT; WIE:AV), Koninklijke Vopak (VPK.NL; VPK:NA), Julius BaerGruppe (BAER.CH; BAER:SW), Biomerieux
(BIM.FR; BIM:FP), and Fnac Darty (FNAC.FR; FNAC:FP).

WON Europe Today

Posted on by admin

We released our Weekly Global Laggards Report yesterday. 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 Hermès
International (RMS.FR; RMS:FP), Puma (Xet) (PUMX.DE; PUM:GR), Standard Life Aberdeen (ABDN.GB; ABDN:LN),
Deutsche Post (Xet) (DPWX.DE; DPW:GR), Koninklijke Ahold Delhaize (AD.NL; AD:NA), Vivendi (EX@F.FR; VIV:FP),
and Hexagon B (EKBF.SE; HEXAB:SS)

Won Europe Today

Posted on by admin

Yesterday,

  • European markets closed in the green on strong earnings updates. However, concerns about rising COVID-19
    cases in many countries limited market gains. We remain constructive on markets as long as they hold their 21-
    DMA and are open to adding risk coming out of proper bases on good volume.
  • The Stoxx 600 gained 0.65% on lower volume and is still trading below its 10-DMA with the next support level at its
    21-DMA. Retail stocks (+1.8%) led the gains as most sectors closed in the green.
  • Major indices like Germany’s DAX, France’s CAC, and the U.K.’s FTSE 100 closed in the green, but on lower
    volume. All three indices remain in a Confirmed Uptrend.
  • All the 17 indices we track closed in the green, except Norway, which was down 0.53% on higher volume and
    recorded a distribution day. The average distribution day count stands at 4.25.
  • Actionable names in the Focus List include Ambu B (AMB.DK; AMBUB:DC), Carl Zeiss Meditec (AFXX.DE;
    AFX:GR), Interpump Group (IP.IT; IP:IM), Schneider Electric (QT@F.FR; SU:FP), Boozt (BOZT.SE; BBOZT:SS),
    Straumann Holding (STMN.CH; STMN:SW), Eurofins Scientific (EUF.FR; ERF:FP), Nibe Industrier (NIBE.SE;
    NIBEB:SS), Gn Store Nord (GSN.DK; GN:DC), Pandora (PND.DK; PNDORA:DC), and Dassault Systèmes
    (DSY.FR; DSY:EN).

Won Europe Today

Posted on by admin

Yesterday,

  • European markets closed lower as investors await new economic and interest rate forecasts release from the U.S. central
    bank. Market is also looking forward to the policy statement from the Bank of England and the Bank of Japan, which are due
    on Thursday and Friday, respectively.
  • The Stoxx 600 closed in negative territory on lower volume. The index was down 0.45%. Among sectors, Mining stocks were
    the major losers, while Autos continued to outperform.
  • Among other major indices, France’s CAC and the U.K.’s FTSE 100 all closed in the red on lower volume. Germany’s DAX
    closed in the green on higher volume, hitting a new all‐time high.
  • Of the 17 indices that we track, 14 closed in negative territory with Denmark, Norway, Sweden, Switzerland, Austria, and
    Portugal recording distribution days. The average distribution day count now stands at 5.31. Germany, Belgium, and Italy
    were the only indices to close in the green.
  • Actionable names in the Focus List include Flutter Entertainment (FLTR.GB; FLTR:LN), Sartorius (SRT3X.DE;
    SRT3:GR), Interpump Group (IP.IT; IP:IM), Imcd Group (IMCD.NL; IMCD:NA), Trigano (TRI.FR; TRI:FP), Sika (SIKA.CH;
    SIKA:SW), Schneider Electric (QT@F.FR; SU:FP), Teleperformance (ROFR.FR; TEP:FP), DeLonghi (DLG.IT; DLG:IM), and Dsv
    Panalpina (DSV.DK; DSV:DC).

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 Vonovia (Xet) (VNAX.DE; VNA:GR), Unilever (ULVR.GB; ULVR:LN), Swedish Match (SWMA.SE; SWMA:SS), Idorsia (IDIA.CH; IDIA:SW), and Ams (AMS.CH; AMS:SW).

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 Berkeley Group Holdings (BKG.GB;
BKG:LN), Inwit (INW.IT; IMW:IM), Idorsia (IDIA.CH; IDIA:SW), and Koninklijke Vopak (VPK.NL; VPK:NA).