US-EU Index & Corporate Actions Analyst, ORTEX

Harry Kalfas

US-EU Index & Corporate Actions Analyst

Global Financial Data and Analytics Platform

ORTEX

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

Index Rebalance

Just Eat Takeaway.com NV / Index Rebalance

<ul>
<li>
<a href="https://www.smartkarma.com/entities/prosus-nv" target="_blank" data-smartkarma-citation="entities:28104:1" rel="noopener">Prosus NV (PRX NA)</a> is acquiring <a href="https://www.smartkarma.com/entities/just-eat-takeaway-com-nv" target="_blank" data-smartkarma-citation="entities:28360:1" rel="noopener">Just Eat Takeaway.com NV (TKWY NA)</a> in an all-cash tender offer of €20.30 per share, valuing the deal at approximately €4.1 billion.</li>
<li>The transaction is awaiting Phase 1 regulatory approval from the European Commission, anticipated by late July 2025.</li>
<li>Upon completion, <a href="https://www.smartkarma.com/entities/just-eat-takeaway-com-nv" target="_blank" data-smartkarma-citation="entities:28360:1" rel="noopener">Just Eat Takeaway.com NV (TKWY NA)</a> will be removed from multiple major indices, potentially causing significant passive fund outflows.</li>
</ul>



Prosus NV (PRX NA) is acquiring Just Eat Takeaway.com NV (TKWY NA) in an all-cash tender offer of €20.30 per share, valuing the deal at approximately €4.1 billion.
The transaction is awaiting Phase 1 regulatory approval from the European Commission, anticipated by late July 2025.
Upon completion, Just Eat Takeaway.com NV (TKWY NA) will be removed from multiple major indices, potentially causing significant passive fund outflows.


Prosus and Just Eat Takeaway Deal Close to Completion: Deletions Across Major Indices

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>Our outlook remains bullish on global equities (MSCI ACWI) with ACWI-US and the S&amp;P 500 holding above their respective bases at $117 and 5650-5670.</li>
<li>As long as these base supports hold, we would use any election-related pullback as an opportunity to add exposure.</li>
<li>Following the election, we see a high probability of significant upside going into year-end.</li>
</ul>


Our outlook remains bullish on global equities (MSCI ACWI) with ACWI-US and the S&amp;P 500 holding above their respective bases at $117 and 5650-5670.
As long as these base supports hold, we would use any election-related pullback as an opportunity to add exposure.
Following the election, we see a high probability of significant upside going into year-end.


Bullish Outlook Intact on MSCI ACWI & SPX; Buys in Services, Technology, Discretionary, Gold Miners

Poland

CCC S.A. manufactures and retails shoes in Poland through a network of company owned stores and franchises.

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CCC SA (CCC PW)

Prosus and Just Eat Takeaway Deal Close to Completion: Deletions Across Major Indices

Prosus nears completion of its €4.1B cash offer for Just Eat Takeaway, triggering index deletions and passive flows along with intra-quarter index...

Harry Kalfas

Bullish Outlook Intact on MSCI ACWI & SPX; Buys in Services, Technology, Discretionary, Gold Miners

Bullish Outlook Intact on MSCI $ACWI and $SPX as they hold above their respective bases at $117 and 5650-5670; Buys in Services, Technology,...

Vermilion Research

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