From the desk of Steve Strazza @sstrazza
We've been joking internally that the new highs list is a lot longer when you include ADRs.
As US stocks come under increasing pressure and the rotation into value becomes more pronounced, international stocks are garnering some well-deserved attention.
We recently wrote about some of our favorite regions around the world and discussed bullish setups in a handful of international country ETFs, with a heavy tilt toward value.
We also have a bi-weekly scan where we focus exclusively on the largest ADRs, which are just foreign companies listed on US exchanges. It's called the International Hall of Famers, and you can check it out here.
The only problem with it is that a lot of the cyclical stocks that are showing leadership have smaller market capitalizations, and our universe is focused only on large caps.
As such, we thought we'd run a scan to identify some of the strongest international stocks between a market cap of $1B and $35B.
Welcome to our Junior ADR list.
All of these stocks are exhibiting leadership right now. We've also included the performance from the 2018 and 2021 highs as the strongest stocks should be above these key levels.
Now let's dive in and outline some long ideas!
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