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'm back from a few days away and boy do we have a lot to discuss.
I hope you enjoyed the guest posts over the past week from some of the key members of our team.
It's good that you get to know some of the other guys so you don't think I'm just some crazy guy who looks at a million charts. There's a lot more to it than that, and hopefully that came across this week.
But first thing's first. This is a bull market for stocks and people seem to be running scared. They're freaking out.
We love our bottoms-up scans here at All Star Charts. We tend to get really creative when making new universes as we want to be sure they will deliver us the best opportunities the market has to offer.
However, when it comes to this one, it couldn't be any simpler!
With the goal of finding more bullish setups, we have decided to expand one of our favorite scans and broaden our regular coverage of the largest US stocks.
Welcome to TheJunior Hall of Famers.
This scan is composed of the next 150 largest stocks by market cap, those that come after the top 150 and are thus covered by the Hall of Famers universe. Many of these names will someday graduate and join our original Hall Of Famers list. The idea here is to catch these big trends as early on as possible.
There is no need to overcomplicate things. Market cap is a quality filter at the end of the day. It only grows if price is rising. That's good enough for us.
In this scan, we look to identify the strongest growth stocks as they climb the market-cap ladder from small- to mid- to large- and, ultimately, to mega cap status (over $200B).
Once they graduate from small-cap to mid-cap status (over $2B), they come on our radar. Likewise, when they surpass the roughly $30B mark, they roll off our list.
But the scan doesn't just end there.
We only want to look at the strongest growth industries in the market, as that is typically where these potential 50-baggers come from.
Some of the best performers in recent decades – stocks like Priceline, Amazon, Netflix, Salesforce, and myriad others – would have been on this list at some point during their journey to becoming the market behemoths they are today.
When you look at the stocks in our table, you'll notice we're only focused on Technology and Growth industry groups such as Software, Semiconductors, Online...
In today's Flow Show, Steve Strazza and I discuss the "real" stock market and what's going on that isn't indicative of what the $QQQ or $SPY is telling us.
Are we setting up for a regime change? Or a change of character for this bull market?
Well, one of the stocks most likely to answer this question is Nvidia $NVDA.
Here's a one-year chart of $NVDA:
This isn't the type of setup that often gets me excited when I'm looking for a bullish bet.
However, large caps have been leading the charge into the end of the year. Will $NVDA finally play catchup? If it does, it could potentially cover a lot of ground in a hurry.
If it doesn't, well... this will be a very valuable clue as to how we need to proceed in the coming year.
So we're going to position for the rebound, putting juicy out-of-the-money call options to our advantage, while defining our risk in case $NVDA would rather yield us information than profits.
Here's the Play:
I like buying a $NVDA March 140/180 Bull Call Spread for an approximately $8.00 net debit. This means I'll...
I'm out of town this week. So in lieu of the usual daily note, we've arranged for guest posts written by each of the members of the All Star Charts research team.