Welcome to TheJunior 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:
Click table to enlarge view
And here’s how we arrived at it…
We removed laggards which are down 5% or more relative to the ACWI Ex. U.S. Index $ACWX over the trailing...
MSFT got hit. AAPL pulled some gains forward ahead of their report. META is an absolute monster. And the setup in TSLA looks as good as anything after a muted reaction.
This is all great. I own most of these names still, and I’m content with them. I’ve taken profits in some - like META & NVDA, and I’ve added to others - like TSLA & GOOGL, recently. I think they all keep drifting higher. But, they don’t excite me.
US mega tech is no longer a conviction long for me.
In this scan, we look to identify 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.
Some of the best performers in recent decades – stocks like Priceline, Amazon, Netflix, Salesforce, and myriad others – would have been on this list at some point during their journey to becoming the market behemoths they are today.
When you look at the stocks in our table, you'll notice we're only focused on Technology and Growth industry groups such as Software, Semiconductors, Online...
I keep hearing that today’s FOMC announcement and press conference will be a snoozefest.
I couldn’t disagree more.
I think a major development is riding on the market's expectation for future rate cuts.
In recent weeks, the expectations for the next rate cut have moved forward.
During this time, Trump has put pressure on the Fed, and the latest CPI report showed inflation cooling.
But, the reason doesn’t matter as much as the fact that the bond market is buying the story.
The US 10-yr has fallen from about 4.8% to 4.55% in the last two weeks.
More importantly, it’s taking the US Dollar with it.
DXY is the most critical chart in the world right now and it is moving with the bond market and investors’ expectations for interest rates.
If Powell gives any indication that they are moving lower sooner today, it could be the catalyst needed to fail this breakout and send DXY back into its old range.
If the dollar rolls over here or even falls back into a sideways trend, the impact could be massive for risk assets.
And I don’t just mean US equities. I think international stocks stand to win more than...
I’m really grateful for the path I took in getting where I am today.
I wasn’t always hanging out on an island trading and covering the stock market.
I put in my time.
I started my career in the Big 4, auditing some of the largest financial institutions in the world.
I spent long nights ticking and tying financial statements and testing derivative valuations for companies like Morgan Stanley and Interactive Brokers.
I know the strangest things about these companies' fundamentals and their history. I made friends and memories I’ll never forget. I was in the room for some historic market events. When I think back on some chapters of my early adult life, they were literally set in these offices.
But none of the non-public information I learned at these places back in the day is relevant or material now. I have an insider's understanding of these businesses, but no special information about them.
And I don’t need it. I’m a long-term bull on a lot of these companies simply because of the people who run them. Some have been great mentors over the...
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.
Here’s this week’s list:
*Click table to enlarge view
We filter out any laggards that are down -5% or more relative to the S&P 500 over the trailing month.
They continue to struggle at breaking down even the worst areas of the market. We keep seeing it.
Solar stocks are the latest example.
The whole group was bid up today with some huge moves from the heavily-shorted names.
Here’s the Solar Index $TAN:
TAN suffered its worst single day performance since the 2020 crash following the election in November. It fell over 10% to new cycle lows.
However, there has been little follow-through in the time since. And today, we saw a nice pop off the pivot lows from last month.
Also notice how TAN hasn’t been oversold for more than a year now as selling pressure has waned. I think bears are slowly losing control.
They are also positioned way offside when it comes to this basket of stocks. Some of the largest short positions in the market are in the indexes components.
And we can’t finish the bullish argument without discussing the obvious political tailwinds under the new Trump administration.
We love our bottoms-up scans here at All Star Charts. We tend to get really creative when making new universes as we want to be sure they will deliver us the best opportunities the market has to offer.
However, when it comes to this one, it couldn't be any simpler!
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 stocks.
Welcome to TheJunior Hall of Famers.
This scan is composed of the next 150 largest stocks by market cap, those that come after the top 150 and are thus covered by the Hall of Famers universe. Many of these names will someday graduate and join our original Hall Of Famers list. The idea here is to catch these big trends as early on as possible.
There is no need to overcomplicate things. Market cap is a quality filter at the end of the day. It only grows if price is rising. That's good enough for us.
JC has really been bringing the heat with his chart game lately.
I just rewatched the monthly conference call from Monday night where he ripped through over 115 charts.
He went over a ton of valuable topics and themes, from forex to sentiment and even some risk appetite.You can sign up here and watch it. These calls are one of the best things we do at All Star Charts.
In the meantime, I stole two of my favorite charts from his slide deck to share with you.
Here’s the first one. This is a textbook topping formation in Eli Lilly $LLY with a peak marked by the old reliable magazine cover indicator from October of last year.
The timing from these headline writers is just too good sometimes. This is the millionth example. They nailed it again.
They call them the “everything drugs.” They are probably not, but let's just go with it. This excerpt is all you need to know about the vibe on the street for GLP-1 stocks.
In this scan, we look to identify 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.
Some of the best performers in recent decades – stocks like Priceline, Amazon, Netflix, Salesforce, and myriad others – would have been on this list at some point during their journey to becoming the market behemoths they are today.
When you look at the stocks in our table, you'll notice we're only focused on Technology and Growth industry groups such as Software, Semiconductors, Online...