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, which you can check out here.
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.
From the desk of Steven Strazza @Sstrazza and Ian Culley @Ianculley
Benchmark yields have moved in a vertical line higher since the beginning of March. This isn't just the case in the US; we're seeing similar action all across the globe.
But as rates rally higher and higher, more and more classic intermarket relationships are failing to confirm the move.
Yes, commodities and commodity-related stocks remain resilient, and bonds are an absolute dumpster fire.
Most other assets we would expect to do well in a rising rate environment simply aren’t. This is especially true for the banks!
Meanwhile, those groups that we'd expect to underperform in this kind of environment, such as utilities and other defensive stocks, are actually outperforming.
All of this speaks to risk-aversion, not risk-seeking behavior.
When investing in the stock market, we always want to approach it as a market of stocks.
Regardless of the environment, there are always stocks showing leadership and trending higher.
We may have to look harder to identify them depending on current market conditions… but there are always stocks that are going up.
The same can be said for weak stocks. Regardless of the environment, there are always stocks that are going down, too.
We already have multiple scans focusing on stocks making all-time highs, such as Hall of Famers, Minor Leaguers, and the 2 to 100 Club. We filter these universes for stocks that are exhibiting the best momentum and relative strength characteristics.
Clearly, we spend a lot of time identifying and writing about leading stocks every week, via multiple reports.
Now, we're also highlighting lagging stocks on a recurring basis.
From the desk of Steven Strazza @Sstrazza and Ian Culley @IanCulley
King dollar is sitting perched upon its throne. But the floor beneath it is beginning to crumble.
The rally in the US dollar index $DXY isn’t as strong as today's fresh highs would suggest. In fact, when we dig beneath the surface, the dollar is only trending higher against a few currencies over shorter timeframes, while underperforming the vast majority.
Conveniently, the handful of currencies the USD continues to best are the most heavily weighted components of the US dollar index.
This lack of internal strength can be seen pretty much anywhere outside of the chart of DXY itself. Whether we're looking at our USD trend summary table, our custom USD advance-decline line, or the individual crosses themselves, it all suggests the current trend in the dollar lacks support.
Let’s take a look.
Our USD trend summary table illustrates both the broad weakness as well as those critical areas of strength that are driving the current uptrend in the DXY:
One of the overarching themes since we launched the Inside Scoop and began writing about The Hot List each day has been the relentless interest in commodity stocks.
Coincidentally, these same stocks have exhibited incredible relative strength over this time period. It’s already been a few months, but we’re not seeing any signs of this trend slowing down.
We discussed a lot of these names during last week’s live strategy session. Click here to watch the replay and to download the accompanying chartbook.
And be sure to join us tomorrow at 1:00 p.m. ET for this week’s live strategy session.
Today, we’re going to talk about some new long setups that we’re getting involved with.
We had a feeling this one would be fun to watch unfold...
After just 24 hours of speculation and buzz about Elon Musk becoming the largest shareholder of Twitter, we already have some important follow-up news.
In an 8-K filed around 8:30 a.m. ET today, Twitter reported that Musk has been appointed to a board seat.
The only significant information in the filing is that Musk is restricted from becoming a beneficial owner of more than 14.9% of outstanding shares during the time he serves as a director (and 90 days thereafter).
Whether he already owns the 14.9% now or not is unknown. We should find out soon in a 13D and/or a Form 4 filing in the coming days.
Stay tuned. There’s going to be more to come on this one.
This is one of our favorite bottom-up scans: Follow the Flow.
In this note, we simply create a universe of stocks that experienced the most unusual options activity — either bullish or bearish, but NOT both.
We utilize options experts, both internally and through our partnership with The TradeXchange. Then, we dig through the level 2 details and do all the work upfront for our clients.
Our goal is to isolate only those options market splashes that represent levered and high-conviction, directional bets.
We also weed out hedging activity and ensure there are no offsetting trades that either neutralize or cap the risk on these unusual options trades.
Welcome back to our latest Under the Hood column, where we'll cover all the action for the week ended April 1, 2022. This report is published bi-weekly and rotated with our Minor Leaguers column.
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.
