The Hall of Famers (12-03-2021)

From the desk of Steve Strazza @Sstrazza

Our Hall of Famers list is composed of the 100 largest US-based stocks.

These stocks range from the mega-cap growth behemoths like Apple and Microsoft – with market caps in excess of $2T – to some of the new-age large-cap disruptors such as Moderna, Square, and Snap.

It has all the big names and more.

It doesn’t include ADRs or any stock not domiciled in the US. But don’t worry; we developed a separate universe for that which you can check out here.

The Hall of Famers is simple.

We take our list of 100 names and then apply our technical filters so the strongest stocks with the most momentum rise to the top.

Let’s dive right in and check out what these big boys are up to.

Here’s this week’s list:

And here’s how we arrived at it:

• Filter out any stocks that are below their May 10th high, which is when new 52-week highs peaked for the S&P 500.
• Remove laggards which are down -5% or more relative to the S&P 500 over the trailing month.
• Sort the remaining names by their proximity to new 52-week highs.

We know these are some of the market’s biggest leaders. Considering most large-caps peaked in early May, those that have continued to grind higher is where we find the relative strength. As always, that’s exactly where we want to focus our attention.

Now, let’s discuss some new setups from this list of outperformers!