From the desk of Steve Strazza @Sstrazza
Our International Hall Of Famers list is composed of the 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 50 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. Due to the recent volatility, we’re going to do that today.
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 high, as this is when new 52-week highs peaked for our expanded ADR universe of over 1,000 stocks.
- Then we sorted the names remaining in the list by their proximity to new 52-week highs.
Now let’s discuss some new setups from this list of international outperformers!