Our Hall of Famers list is composed of the 150 largest US-based stocks.
These stocks range from the mega-cap growth behemoths like Apple and Microsoft – with market caps in excess of $2T – to some of the new-age large-cap disruptors such as Moderna, Square, and Snap.
It has all the big names and more.
It doesn’t include ADRs or any stock not domiciled in the US. But don’t worry; we developed a separate universe for that. Click here to check it out.
The Hall of Famers is simple.
We take our list of 150 names and then apply our technical filters so the strongest stocks with the most momentum rise to the top.
Let’s dive right in and check out what these big boys are up to.
You know the old saying that Bull Markets are more fun than Bear Markets?
It's true.
And not because you can't make money in a bear market. You can. In fact, you usually make money much faster in bear markets. That's just how the market behaves.
But the truth is that bull markets are definitely more fun.
I can tell you from first hand experience over the years. The parties in bull markets are more fun and they are more frequent, than in bear markets.
Last night was definitely a bull market party. Josh Brown turned 46 and I turned 42.
Strazza even flew up to New York for the festivities.
Welcome to The Junior International Hall of Famers.
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-listed international stocks, or ADRs.
This scan is composed of the next 100 largest stocks by market cap, those that come after the top 100 and are thus covered by the International Hall of Famers universe.
Many of these names will someday graduate and join our original International Hall Of Famers list. The idea here is to catch these big trends as early on as possible.
Let's dive right in and check out what these future big boys are up to.
This is our Junior International Hall of Famers list:
Back in the late 1800s, Charlie Dow was a journalist in Springfield Massachusetts.
His job was to write about the stock market. But when he would go knocking on doors asking companies questions, they would tell him, "Our business is none of your business".
So how could poor Charlie do his job then?
Well, he concluded that there was a better way to do this.
He recognized that there were a select group of stocks that, "Made the goods", and he called those the Industrials.
And then there was the group of companies that, "Delivered those goods". At the time, they were the Railroads.
If one of these groups of stocks were going up in price, and so was the other group, then things are moving in a positive direction together. Those were good signs for the market.
It was specifically when one of those groups were rising, but the other one wasn't, that something was likely wrong.
Welcome back to Under the Hood, where we'll cover all the action for the week ended February 16, 2024. This report is published bi-weekly, in rotation with The Minor Leaguers.
What we do here is analyze the most popular stocks during the week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.
We use a variety of sources to generate the list of most popular names.
There are so many new data sources available that all we need to do is organize and curate them in a way that shows us exactly what we want: a list of stocks that are seeing an unusual increase in investor interest.
