Symbol: VNAX.DE

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 under weighted as they may be
vulnerable to further downside risk and underperformance. European names highlighted this week include Legx
Immobilien (Xet) (LEGX.DE; LEG:GR), Swedish Match (SWMA.SE; SWMA:SS), Unilever (Uk) (ULVR.GB; ULVR:LN),
Omv (OMV.AT; OMV:AV), ASX (ASX.AU; ASX:AU), and Ramsay Health Care (RHC.AU; RHC:AU).

Global Laggards

Posted on by Cornelio Ash

Highlighted Charts

 

U.S.: Westrock (WRK), Rollins Inc (ROL), L3Harris Technologies (LHX), Science Applications Intl (SAIC), P V H Corp (PVH), HAIN Celestial Group (HAIN), Brookfield Renewable Partners (BEP), Capital One Financial (COF), PJT Partners (PJT), Penumbra (PEN), Urban Outfitters (URBN), Abercrombie (ANF), Prog Holdings (PRG), Caseys General Store (CASY), Lithia Motors (LAD), Asbury Automotive (ABG), Cognex (CGNX), Yandex (YNDX), Cable One Inc (CABO), Commvault Systems Inc (CVLT), Take-Two Interactive Sftwr (TTWO), Okta Inc (OKTA), Yandex (YNDX), Jack Henry (JKHY), Spotify Technology (SPOT), Southwest Airlines (LUV).

 

Developed: Endeavour Mining (EDV.CA; EDV CN), Mazda Motor (KO@N.JP; 7261 JP), Adidas (Xet) (ADSX.DE; ADS GR), Panasonic (MI@N.JP; 6752 JP), Signify (LIGH.NL; LIGHT SW), Vonovia (XET) (VNAX.DE; VNA GR), Royal Unibrew (RBR.DK; RBREW DC), Iwatani (JE@N.JP; 8088 JP),  Adp (ADP.FR; ADP FP), Orion Corporation B (ORNB.FI; ORNBV HE), ABC Mart (ITCP.JP; 2670 JP), Ricoh (RH@N.JP; 7752:JP), Net One Systems (NETO.JP;7518:JP), Cargojet (CJT.CA; CJT CN).

O’Neil Capital Equipment Sector Weekly

Posted on by admin

Dover Corp (DOV) announced the sale of its Unified Brands business to Electrolux Professional (ELPB.SE) for $244M. Unified Brands manufactures
professional cooking equipment for commercial food-service operators and is expected to generate $135M in FY21E. The acquisition is expected to close in Q1 FY21. Electrolux Professional is expected to fund the acquisition through increased debt and to maintain a net debt/EBITDA ratio of less than 2.5x. Dover Corp’s stock breached support along its 100-DMA and is trading in a flat base. It has an RS Rating of 77 and an A/D Rating of E.

WON Europe Today

Posted on by Gaghan

Yesterday,

  • European markets closed in the green after a decline the previous day due to concerns around inflation and spike in the U.S. bond yields. We remain cautious on markets until major indices retake their key moving averages and advice investors to avoid adding any new risks.
  • The Stoxx 600 gained 1.61% on lower volume but is still trading below its 50- and 100-DMA. The index is in an UptrendUnder Pressure with eight distribution days. On the sectoral front, the majority closed in the green with Autos leading the gains.
  • Major indices like France’s CAC, Germany’s DAX, and the U.K.’s FTSE 100 closed in the green on lower volume. Germany’s DAX retook its 200-DMA.
  • All the 17 indices we cover closed in the green barring Austria. The average distribution day count stands at 6.76.
  • Actionable names in the Focus List include Darktrace ( DRK.GB; DARK:LN ), Euronext ( ENX.FR; ENX:FP ), Rentokil Initial ( RTO.GB; RTO:LN ), and B&M European Value Retail ( BME.GB; BME:LN  ).

Global Laggards

Posted on by Cornelio Ash

Highlighted Charts

 

U.S.: Allegheny Technologies (ATI), Eastman Chemical Co. (EMN), Kratos Def & Sec Sol Inc (KTOS), Oshkosh Corporation (OSK), World Wrestling Entertainment (WWE), Omnicom Group (OMC), Chegg Inc (CHGG), Norwegian Cruise Line Holdings (NCLH), Carnival Corporation (CCL), UTZ Brands (UTZ), Arcosa (ACA), Texas Capital Bancshares (TCBI), Repay Holdings (RPAY), CareDx (CDNA), Urban Outfitters (URBN), Cree (CREE), Ultra Clean Holdings (UCTT), Take-two Interactive Software (TTWO).

 

Developed: FLSmidth and Co. (FLB.DK; FLS DC), Vonovia (VNAX.DE; VNA GR), ITV (ITV.GB; ITV LN), Accor (AC.FR; AC FP), Hengan International Group (HENG.HK;1044 HK), Crescent Point Energy (CPG.CA; CPG CN), JCR Pharmaceuticals (JCRE.JP; 4552 JP), WH Smith (SMWH.GB; SMWH LN), Ericsson (SL@G.SE; ERICB SS), Nihon Unisys (NHUN.JP; 8056 JP), Jet2 (JET2.GB; JET2 LN).

 

Emerging: Carabao Group (CAG.TH; CBG TB), Cosan Industria E Commercio On (COS.BR; CSAN3 BZ), Hon Hai Precision Industry (HON.TW; 2317 TT).

Won Europe Today

Posted on by admin

Yesterday,

  • European markets ended in positive territory, with strong economic data and earnings, but on lower volume. We
    recommend that investors focus on high-quality ideas emerging from consolidation.
  • The Stoxx 600 retook its 10-DMA on lower volume after breaching the level yesterday. The index is in a Confirmed
    Uptrend with four distribution days.
  • Among other major indices, the U.K.’s FTSE was closed for Bank holiday. Germany’s DAX also retook its 10-DMA
    and is trading in line with its 21-DMA. France’s CAC continued to trade constructively along its rising short-term
    moving averages.
  • All markets, barring Luxembourg, ended in the green, with the Ireland market being closed. No distribution day was
    recorded. Portugal is the only market in an Uptrend Under Pressure, with all other markets being in a Confirmed
    Uptrend.
  • Actionable names in the Focus List include Dassault Systèmes (DSY.FR; DSY:FP), 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), Eurofins Scientific (EUF.FR; ERF:FP), Hermès (RMS.FR; RMS:FP), and Vitrolife (VITR.SE;
    VITR:SS).

Won Europe Today

Posted on by admin

Yesterday,

  • European markets reversed earlier losses to close with modest gains on higher volume. Denmark, Ireland, and Norway were the only markets that declined. Markets jumped on account of European Central Bank’s decision to open repo facility for non‐European Union banks, providing more liquidity. Denmark, Switzerland, and the Netherlands are now the only markets to remain in a Confirmed Uptrend.
  • The Stoxx 600 gained 0.72% on higher volume, with Financial and Auto stocks gaining 2.25% and 1.95%, respectively. The distribution day count remains unchanged at three. Among other major indices, France’s CAC and Germany’s DAX gained 0.97% and 0.69%, respectively, while the U.K.’s FTSE was up 0.38%.
  • In our Focus List, financial services stocks Worldline and Hypoport Finance posted strong gains of 6% and 4.5%, respectively. Cranswick and Encavis were down more than 2.5%.
  • Actionable ideas include Spirax‐Sarco (SPX.GB;SPX:LN); IMCD Group (IMCD.NL;IMCD:NA); Tomra System (TOM.NO;TOM:NO); Swedish Match (SWMA.SE;SWMA:SS); Novo Nordisk (NON.DK; NOVOB:DC) Simcorp (SIM.DK;SIM:DC); Halma (HLMA.GB;HLMA:LN); Givaudan (GIVN.CH;GIVN:SW); Indutrade (INDT.SE;INDT:SS); Teleperformance (ROFR.FR;TEP:FP); Ashtead Group (AHT.GB; AHT:LN); London Exchange Group (LSE.GB; LSE:LN); and DSV Panalpina (DSV.DK; DSV:DC).

Won Europe Today

Posted on by admin

Yesterday,

  • The Stoxx 600, along with France, Sweden, Switzerland, Italy, Belgium, and the Netherlands, were moved to an Uptrend Under Pressure after breaching their respective 21-DMA. Although distribution days remain low (average 1.4), we are concerned by the recent lack of participation of quality growth names in the market rally that started on March 19 (follow-through day).
  • The Stoxx 600 tumbled 2.65% on low volume. All the major sectors closed in the red, with Oil & Gas leading the losses with a drop of 5%. Among other major bourses, France’s CAC lost 4.24%, and DAX fell 3.64% on low volume. The U.K.’s FTSE did relatively better with a 0.16% decline in high volume. All the other indices closed in the red, with three indices recording a distribution day each.