From the desk of Steve Strazza @Sstrazza
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.
Here’s this week’s list:
And here’s how we arrived at it…
- We filtered out any names that were below their February 8, 2021, high, as this is when new 52-week highs peaked for our expanded ADR universe of over 1,000 stocks.
- We removed laggards that are down 5% or more relative to the S&P 500 over the trailing month.
- We sorted the names remaining in the list 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 February 2021, those that have continued to grind higher is where we find the relative strength.
Now let’s discuss some new setups from this list of international outperformers.