ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 09/29/2025

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 29/09/2025

Benelux Morning Notes

Kendrion: Divests remaining automotive business. UCB: Competitor Sonelokimab fails to impress in HS

Vermilion Int'l Compass: Global Equity Strategy

Weekly summary of Vermilion's global technical equity strategy calls, including sector weightings, from both a top down and bottoms up perspective. Buys Focused in China, Taiwan, and Korea We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass), with Int'l Compass reports all echoing this sentiment. We will maintain our bullish intermediate-term view as long as market dynamics remain healthy and the SPX and ACWI-US are above 6028-6059 and $123-$123.50. Our bullish near-term outlook will remain in place as lon...

Vital Signs: Actionable charts

In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.

Int'l Insights: Bullish Stocks

Remain Overweight Taiwan, China, and Korea The MSCI Emerging Markets index (local currency) and EEM-US (USD) are both trading within 4.5-month uptrends, and we remain bullish. We expect support at the uptrend, which also coincides with the 50-day MA and $50.65 horizontal support on EEM-US. While a more signigicant pullback is not our expectation, we would view any pullback to $48 support on EEM-US as a buying opportunity. Below we highlight attractive and actionable themes within EM. On page 4 we include a table of all 110 stocks highlighted in this report. EM Countries. While price rema...