From the Desk of Steve Strazza and Alfonso Depablos

The largest insider buy on today’s list comes via Form 4 filings by Warren Buffett’s Berkshire Hathaway.

Buffett and Berkshire revealed a total purchase of $294 million in The Liberty SiriusXM Group $LSXMA.

From the desk of Steve Strazza @Sstrazza

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 Mercado Libre 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.

Here's this week's list:

...

From the Desk of Steve Strazza @Sstrazza

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:

Click table to enlarge view

From the Desk of Steve Strazza @Sstrazza

Last week, we released a Freshly Squeezed report detailing long setups in some of the market's most heavily shorted stocks.

This week, we got fresh short sale data from FINRA as well as fresh breakouts from a growing list of stocks in our universe.

We thought it would be irresponsible not to do a follow-up report covering them.

This is just the environment we're in.

Here's what we're doing about it.

Our scan is quite simple. It is designed to identify stocks with the highest short positions. When a stock is heavily shorted, incremental buyers are waiting in the wings to close out their bearish bets.

We love this, as new buyers are the one true catalyst for higher prices.

When shorts are proven wrong, they become buyers of the stock. Many times, as this happens, momentum comes into these names and fuels massive short-covering rallies.

For this reason, we pair short-interest data with short-term momentum overlays, as this combination is needed to spark the moves we’re looking for.

Here's the latest list:...

From the Desk of Steve Strazza and Alfonso Depablos

The most significant insider transaction on today’s list comes in a Form 4 filing by RA Capital Management.

The investment firm reported a purchase of $13.2 million in ARS Pharmaceuticals Inc $SPRY.

From the Desk of Steve Strazza @Sstrazza

Welcome to The 2 to 100 Club.

As most of you know, we use 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.

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...

This is the video recording of the March 27, 2024, Hot Corner Insider Weekly Strategy Session.

From the Desk of Steve Strazza and Alfonso Depablos

The most significant insider transaction on today’s list comes in a Form 4 filing by Erik D. Ragatz, director of Grocery Outlet Holding Corp $GO.

Ragatz reported a purchase of roughly $1 million in GO shares.

From the Desk of Steve Strazza and Alfonso Depablos

The most significant insider transaction comes in a Form 4 filing by Blue Star Exploration Corp. and director Jerry Jones, owner of the NFL’s Dallas Cowboys.

Blue Star and Jones revealed a roughly $100 million purchase in Comstock Resources Inc $CRK.

From the Desk of Steve Strazza @Sstrazza

Welcome to The Minor Leaguers.

We've had some great trades come out of this small-cap-focused column since we launched it back in 2020 and started rotating it with our flagship bottom-up scan, Under the Hood.

For the first year or so, we focused only on Russell 2000 stocks with a market cap between $1 and $2B.

That was fun, but we wanted to branch out a bit and allow some new stocks to find their way onto our list.

We expanded our universe to include some mid-caps.

To make the cut for our Minor Leaguers list now, a company must have a market cap between $1 and $4B.

And it doesn't have to be a Russell component — it can be any US-listed equity. With participation expanding around the globe, we want all those ADRs in our universe.

The same price and liquidity filters are applied. Then, as always, we sort by proximity to new highs in order to...

From the Desk of Steve Strazza and Alfonso Depablos

The largest insider buy on today’s list comes in Form 4 filings by the chairman of the board and one director of Liberty Latin America Ltd $LILA.

The two board members made purchases of LILA shares for a combined amount of $7 million.

From the Desk of Steve Strazza @Sstrazza

The animal spirits have returned to equity markets near you!

How do we know?

Take a look around...

Biotechs are putting the finishing touches on a massive base, suggesting a new bull market for these stocks is underway.

Speculative growth indexes like the suite of ARK ETFs are completing (or have already completed) trend reversals.

The Renaissance IPO fund is at its highest level since early 2022.

A growing list of emerging markets countries (outside of China) are making new highs.

Cryptocurrencies are mooning every night while we're sleeping.

Participation is broadening to new groups like materials, and funds are flowing back into energy and financials again.

The most-hated and lowest-quality stocks in the market are catching a serious bid.

So, what do we do?

This is the optimal market environment for our Freshly Squeezed universe.

The idea behind this one is to find the stocks that bears are betting against the most and take the opposite side as they squeeze higher.

We've already witnessed a number of powerful short-covering...