As it turns out, markets can remain solvent longer than you can remain irrational.
Stocks continue to catch a bid. This is despite any so-called "banking crisis" or even the "upcoming recession" that I've been hearing about for so long.
Markets remain solvent as the major US Large-cap Indexes keep pushing up against new highs.
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.
From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts
The market continues to shake off negative news as stocks react positively to incoming economic data and the Fed's actions.
Sure, banks are still a problem, and we need to watch them closely as earnings season kicks off.
But we can only give this price action from financials so much weight as the list of bullish developments in other areas continues to grow.
Overall, there are a lot more positives than negatives right now. And this proves true when we look through our universes, such as our Inside Scoop list.
We continue to see more and more bullish setups and stocks we want to buy come across our radar.
As many of you know, something we've been working on internally is using various bottom-up tools and scans to complement our top-down approach. It's really been working for us!
One way we're doing this is by identifying 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.
