Symbol: RENU.FR

Won Europe Today

Posted on by admin

Yesterday,

European markets declined as surging COVID-19 cases weighed on investor sentiment. All the indices barring Switzerland and Austria ended in negative territory, albeit on lower volume. Ireland, Portugal, and Belgium were the only markets to record a distribution day. All the markets are in a Confirmed Uptrend except Sweden, which in an Uptrend Under Pressure.
The Stoxx 600 lost 0.70% on lower volume with almost all the sectors in the red. Oil & Gas (-1.08%), Auto (-1.16%), and Travel & Leisure (-1.78%) led the losses, while Health Care ended in positive territory.
Among other major indices, France’s CAC, Germany’s DAX, and the U.K.’s FTSE dropped on lower volume. All of them continue to trade in a Confirmed Uptrend.
Actionable names in the Focus List include Ferrari (RACE.IT; RACE:IM), Encavis (ECVX.DE; CAP:GR), Indutrade (INDT.SE; INDT:SS), Sika (SIKA.CH; SIKA:SW), Softwareone Holding (SWON.CH; SWON:SW), Imcd Group (IMCD.NL; IMCD:NA), Trigano (TRI.FR; TRI:FP), THG Holdings (THG.GB; THG:LN), and Schneider Electric (QT@F.FR; SU:FP).

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 Yara International (YARA.NO; YAR:NO), Getinge (GIND.SE; GETIB:SS), and Deutsche Telekom (DTEX.DE; DTE:GR).

Won Europe Today

Posted on by admin

Yesterday,

  • European markets closed flat as investors continue to monitor corporate earnings and announcements from the Federal Reserve.
  • The Stoxx 600 closed flat at a key support level of 365 after finding supply at its rising 21‐DMA. Banks and autos dragged the index down, while construction & materials gained. The index remains in a Confirmed Uptrend with three distribution days.
  • Among other major bourses, France’s CAC and the U.K.’s FTSE continued to trade below their respective 21‐DMA, while Germany’s DAX was testing support along its rising 21‐DMA. Overall, markets breaking above their July 21 highs will indicate renewed bullish momentum.
  • France, the U.K., Norway, Sweden, and Luxembourg were the only countries to close in positive territory, while Denmark, Finland, Austria, Spain, Belgium, and Portugal recorded distribution days.
  • Actionable names in the Focus List include Neon (NEOP.FR; NEOP:FP), Software One Holding (SWON.CH; SWON:SW), IMCD Group (IMCD.NL; IMCD:NA), Sartorius (SRT3X.DE; SRT3:GR), Nibe Industrier (NIBE.SE; NIBEB:SS), Simcorp (SIM.DK; SIM:DC), and Schneider Electric (QT@F.FR; SU:FP).

Won Europe Today

Posted on by admin

Friday,

  • European markets were mixed even as European Union leaders met to discuss stimulus measures. The Stoxx 600 closed 0.15% higher, led by Autos that gained 1.5% and dragged lower by Banks, which lost 1.0%.
  • Among other major markets, the U.K.’s FTSE 100 was up 0.63%, Germany’s DAX was up 0.35%, while France’s CAC 40 was down 0.31%.
  • We upgraded Italy to a Confirmed Uptrend as it reclaimed new highs.
  • Of the 17 indices we cover, six, including Germany, are now in a Confirmed Uptrend among major markets.

Won Europe Today

Posted on by admin

Yesterday,

  • European markets gained 1.87%, reaching their highest level in almost three months, buoyed by optimism about the reopening of economies and stimulus measures.
  • The Stoxx 600 gained 1.57% on higher volume, with gains in Insurance, Auto, Banks, and Oil & Gas stocks. The distribution day count for the index remains elevated at five.
  • Among other main bourses, Germany’s DAX gained 3.75%, reaching its highest in nearly three months. France’s CAC was up 2.02%, and the U.K.’s FTSE was up 0.87%.
  • All indices in the region closed in the green, with Austria being moved to a Confirmed Uptrend after it reached new high following gains of 3.43%. All the 17 indices that we cover in Europe are now in a Confirmed Uptrend.
  • The distribution day count remains at 5.5 on average for the region, but the first distribution day should age at the end of this week.
  • Cyclicals were top performers, led by autos. Carmakers rallied after May sales figures from the three of the region’s biggest auto markets indicated that the drop in demand due to the COVID‐19 pandemic is now slowing. Big movers were also among the REITS: Hammerson (HMSO.GB;HMSO:LN ), +34%; Klepierre (LI.FR;LI:FP), +13%; Aroundtown (AT1X.DE;AT1:GR),
    +11%; Unibail Rodamco (UBL.NL;URW:NA), +9% .
  • From our Focus List, several stocks hit a new 52‐week high yesterday: HYQX.DE;HYQ:GR , ADYE.NL;ADYEN:NA , SWMA.SE; SWMA:SS , DEN.DK;ORSTED:DC , BOO.GB;BOO:LN , NIBE.SE;NOBEN:SS, GIVN.CH; GIVN:SW , SRT3X.DE;SRT3:GR and ASML.NL;ASML:NA.
  • Actionable ideas that are not too extended include: IMCD.NL;IMCD:NA , SPX.GB;SPX:LN , GIVN.CH; GIVN:SW , SCAT.NO;SSO:NO , HLMA.GB;HLMA:LN , CLNX.ES;CLNX:SM , ENX.FR;ENX:FP , ROFR.FR;TEP:FP.

Won Europe Today

Posted on by admin

Yesterday,

  • All 17 indices we track in the region closed in the green with average gains of ~1.8%.
  • The Stoxx 600 closed 1.80% higher, with Oil & Gas stocks recording a steady recovery with gains of 4.75%.
  • Among other major bourses, the U.K.’s FTSE 100 was up 2.30%, Germany’s DAX was up 1.61%, and France’s CAC 40 gained 1.25%. Volumes across markets were lower.

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 SEB (SEB.FR;
SK:FP), Richemont (CFR.CH; CFR:SW), Bankinter (BKT.ES; BKT:SM) and ICA Gruppen (ICA.SE; ICA SS).

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 {Pirelli & C (PIRL.IT;
PIRCM:S1); Sodexo (SDX.FR; SW:FP); Merlin Properties (MRLN.ES; MRLM:SM) }

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 risks and underperformance. European names highlighted this week includes, Pirelli (PIRL.IT; PIRC IM), Remi Cointreau (RCO.FR; RCO FP),  Evotec (EVTX.DE; EVT GR), The Swatch Group (UHR.CH; UHR SW).

Won Europe Today

Posted on by Veera Manju

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 {Spirax-Sarco Engineering (SPX.GB; SPX:LN), Informa (INF.GB; INF:LN), Reckitt Benckiser (RB.GB; RB:LN), Hiscox (HSX.GB; HSX:LN), and GN Store Nord (GSN.DK; GN:DC).