blog

Latest from the Quantamize Blog

European stocks close higher as sentiment around potential US-China trade progress improves

Feb 12, 2019

Get Unbiased Quantitative Investment Research from Advanced AI Machine Learning Technology and Maximize your ReturnsGet Unbiased Quantitative Investment Research from Advanced AI Machine Learning Technology and Maximize your Returns
Get Unbiased Quantitative Investment Research from Advanced AI Machine Learning Technology and Maximize your ReturnsGet Unbiased Quantitative Investment Research from Advanced AI Machine Learning Technology and Maximize your Returns
 

*Data in Price Return and Updated Real-Time (with a delay), Source: StockDio

European Markets

  • European stocks rise, fueled by global optimism from positive comments on US-China trade negotiations and an apparent US government budget deal
  • Investors are optimistic on chances for a US-China trade deal as President Trump inidcated today he would let the March 1st deadline slide forward if the 2 sides are close to a deal then
  • The Euro Stoxx 600 closed up +0.46%, the FTSE 100 advanced +0.06%, the DAX rose +1.01%, and the CAC 40 finished up +0.84%
  • UK Prime Minister Theresa May will address Parliament today with an update on her Brexit negotiations with the EU 
  • Investor sentiment for European stocks finished trading positive with the advance/decline ratio for the Euro Stoxx 600 currently at 1.99x
  • Automobiles & Parts (+2.76%), Chemicals (+1.54%), and Personal & Household Goods (+0.86%) stocks were the top performers in the Euro Stoxx 600 today
  • Travel & Leisure (-1.01%), Food & Beverage (-0.53%), and Media (-0.45%) stocks were the worst performers in the Euro Stoxx 600 today
  • 53 stocks in the Euro Stoxx 600 hit 4-week highs while 32 stocks closed at 4-week lows
  • 29 stocks in the Euro Stoxx 600 finished the trading session overbought while 9 stocks closed oversold according to the 16-day RSI Measure
  • VSTOXX, the European stocks equivalent of the VIX, closed little changed -0.94 points today to 14.28 after closing at 15.22 yesterday

Stocks Trending in the News

Click name for Q-Factor score and financial data

  • Ares Capital (ARCC) reported fourth quarter core EPS of USD$0.45 beating consensus of USD$0.41.  Ares Capital reported fourth quarter revenue of USD$345 million beating consensus of USD$322.7 million.  Ares Capital is rated “Neutral” in our US Large-Cap Global Top Stock Ideas.
  • Brighthouse Financial (BHF) reported fourth quarter adjusted EPS of USD$1.56 matching consensus of USD$1.56.  Brighthouse Financial reported fourth quarter revenue of USD$4.03 billion beating consensus of USD$2.03 billion.  Brighthouse Financial is rated “Top Short” in our US Large-Cap Global Top Stock Ideas.
  • Fidelity National Information (FIS) reported CY4Q2018 adjusted EPS from continuing operations of USD$1.60 while analysts expected USD$1.58. Fidelity National Information expects FY2019 adjusted EPS between USD$7.35 and USD$7.55, blowing past analyst estimates that range between USD$5.61 and USD$5.86. Fidelity National Information is rated “Top Buy” in our US Large-Cap Global Top Stock Ideas and “Top Buy” in our US Information Technology Global Top Stock Ideas.
  • FMC Corp. (FMC) reported fourth quarter adjusted EPS of USD$1.69 beating consensus of USD$1.48.  FMC Corp. reported fourth quarter revenue of USD$1.2 billion matching consensus of USD$1.18 billion.  FMC is rated “Top Buy” in our US Large-Cap Global Top Stock Ideas.
  • Kering (ENXTPA:KER) reported fourth quarter sales growth of 28.1% at Gucci beating consensus of 27%.  Kering reported fourth quarter total sales of 3.83 billion euros.  Kering CEO said 10% growth for Gucci is realistic and he does not see a need for M&A and does not see a need to get into a bidding war.  Kering is rated “Attractive” in our US Large-Cap Global Top Stock Ideas.
  • Huntsman Corp (HUN) reported fourth quarter EPS of USD$0.52 missing consensus of USD$0.54.  Huntsman Corp reported fourth quarter revenue of USD$2.24 billion in line with consensus of USD$2.13 billion.  Huntsman Corp is rated “Neutral” in our US Large-Cap Global Top Stock Ideas and “Neutral” in our US Information Technology Global Top Stock Ideas.
  • MoneyGram (MGI) reported fourth quarter EPS of USD$0.01 missing consensus of USD$0.13.  MoneyGram reported fourth quarter revenue of USD$345.8 million in line with consensus of USD$348.5 million.  MoneyGram is rated “Neutral” in our US Large-Cap Global Top Stock Ideas and “Neutral” in our US Information Technology Global Top Stock Ideas.
  • New Residential Investment Corporation (NRZ) announced CY4Q2018 core EPS of USD$0.58, edging past consensus of USD$0.55. New Residential Investment Corporation also acquired USD$1.5bn of re-performing loans from Fannie Mae in CY4Q2018. New Residential Investment Corporation is rated “Unattractive” in our US Large-Cap Global Top Stock Ideas.
  • Omnicom Group Inc. (OMC) announced CY4Q2018 adjusted EPS of USD$1.77 while consensus was for USD$1.66. Omnicom Group Inc. reported net sales of USD$4.09 in CY4Q2018 while analysts expected USD$4.10.  Omnicom Group Inc. is rated “Top Buy” in our US Large-Cap Global Top Stock Ideas and “Top Buy” in our US Consumer Discretionary Global Top Stock Ideas.
  • Thyssenkrupp (XTRA:TKA) reported first quarter 2019 adjusted ebit of 168 million euros, matching estimates.  Thyssenkrupp reported first quarter 2019 revenue of 7.94 billion euros, beating 7.63 billion euros estimates.  Thyssenkrupp is rated “Top Short” in our European Large-Cap Global Top Stock Ideas. 
  • Toshiba Corp. (TSE: 6502) shares plunged after the company slashed its FY2019 profit forecast by at least 50%, citing mounting expenses in its energy business. Toshiba told analysts that it sees FY2019 operating profit between 20bn yen and 30bn yen (USD$180mm and USD$270mm) when the company had issued prior guidance for 60bn yen. Toshiba is not rated in our Global Top Stock Ideas.
  • US Foods Holding Corp. (USFD) announced CY4Q2018 adjusted EPS of USD$0.56 while consensus was for USD$0.58. US Foods Holding Corp. reported net sales of USD$6.04bn in CY4Q2018 beating analyst expectations of USD$5.98bn. US Foods Holding Corp. sees FY2019 adjusted EPS between USD$2.15 and USD$2.25. US Foods Holding Corp. is rated “Attractive” in our US Large-Cap Global Top Stock Ideas and “Attractive” in our US Consumer Staples Global Top Stock Ideas.
  • Walmart (WMT) and Deliv have severed their online partnership to deliver groceries in New York City.  Walmart works with 7 delivery services and Deliv complained there were not sufficient volumes to make sense for the partnership to continue.  Walmart is rated “Attractive” in our US Large-Cap Global Top Stock Ideas and “Attractive” in our US Consumer Staples Global Top Stock Ideas. 
  • Welltower Inc. (WELL) announced CY4Q2018 normalized funds from operations per share of USD$1.01 in line with consensus of USD$1.03. Welltower Inc. reported net sales of USD$1.24 in CY4Q2018 while analysts expected USD$1.23bn. Welltower Inc. sees FY2019 normalized funds from operations between USD$4.10/share and USD$4.25/share. Welltower Inc. is rated “Neutral” in our US Large-Cap Global Top Stock Ideas.
  • Wirecard (XTRA:WDI) has been downgraded Guggenheim today to neutral from buy.  It is impossible to judge the risk/reward at this point given the recent allegations in Singapore of improper activity.  Wirecard is rated “Attractive” in our European Large-Cap Global Top Stock Ideas.
     

What is Going on with European Currencies?

  • EUR€ is currently up +0.381% against the USD$ to 1.1319
  • GBP£ is currently up +0.241% against the USD$ to 1.2886
  • CHF is currently down -0.281% against the USD$ to 0.9933

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are lower with yields up 1.2 basis points to 0.132%
  • German 10-Year Bunds are lower with yields up 1.2 basis points to 0.132%
  • French 10-Year Government Bonds are flat with yields little changed 0 basis points to 0.565%
  • UK 10-Year GILTs are lower with yields up 0.5 basis points to 1.185%
  • Italian 10-Year Government Bonds are higher with yields down -5.6 basis points to 2.844%
  • Spanish 10-Year Government Bonds are higher with yields down -0.3 basis points to 1.239%

 

Our Comprehensive Analytics and Powerful Quantitative Products Analyze and Synthesize Trade Ideas for you.Our Comprehensive Analytics and Powerful Quantitative Products Analyze and Synthesize Trade Ideas for you.
Our Comprehensive Analytics and Powerful Quantitative Products Analyze and Synthesize Trade Ideas for you.Our Comprehensive Analytics and Powerful Quantitative Products Analyze and Synthesize Trade Ideas for you.

Euro Stoxx 50 Movers

In local currency.
On Mobile/Tablet scroll to the right.

Outperformers Sector Price 1D % Chg Volume
Kering SA Consumer Staples 466 3.28%                  627,467
Fresenius SE & Co KGaA Telecommunication Services 47 3.02%               1,887,288
BASF SE Utilities 65 2.67%               3,211,508
Daimler AG Consumer Staples 49.4 2.54%               3,414,708
Volkswagen AG Consumer Staples 144 2.40%               1,115,807
 
Underperformers Sector Price 1D % Chg Volume
Orange SA Materials 13.2 -0.68%               6,370,109
Nokia OYJ Financials 5.44 -0.51%            15,743,572
Unibail-Rodamco-Westfield Telecommunication Services 154 -0.31%                  334,400
Anheuser-Busch InBev SA/NV Energy 67.5 -0.31%               1,916,983
Vivendi SA Consumer Discretionary 22.4 -0.27%               2,410,147
Global Top Stock IdeasTOP LONG & TOP SHORT STOCK IDEAS FOR GLOBAL MARKETSMONTHLY TOP IDEAS FROM OUR MULTI-FACTOR QUANTITATIVE MODELS
Global Top Stock IdeasTOP LONG & TOP SHORT STOCK IDEAS FOR GLOBAL MARKETSMONTHLY TOP IDEAS FROM OUR MULTI-FACTOR QUANTITATIVE MODELS