From the desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts
Our International Hall of Famers list is composed of the 100 largest US-listed international stocks, or ADRs. We’ve also sprinkled in some of the largest ADRs from countries that did not make the market cap cut.
These stocks range from some well-known mega-cap multinationals such as Toyota Motor and Royal Dutch Shell to some large-cap global disruptors such as Sea Ltd and Shopify.
It’s got all the big names and more--but only those that are based outside the US. You can find all the largest US stocks on our original Hall of Famers list.
The beauty of these scans is really in their simplicity.
We take the largest names each week and then apply technical filters in a way that the strongest stocks with the most momentum rise to the top.
Based on the market environment, we can also flip the scan on its head and filter for weakness.
Let’s dive in and take a look at some of the most important stocks from around the world.
I was in New York City most of the week for the annual CMT Symposium.
On Wednesday afternoon I dropped by Fox Business to chat with Liz Claman about the ongoing bull market that is now on Month #11.
My point in the hit was that a lot of the focus seems to be on these tiny little irrelevant banks disappearing, instead of actual important companies with real market caps.
Just to put things in perspective, First Republic is worth less than a billion dollars. So that and zero may as well be the same thing.
Meanwhile, Microsoft Wednesday was up over $140 Billion in market cap overnight.
So if that's the case, why should anyone care about First Republic?
As long as the market doesn't care, I definitely don't.
