Familiar names top today’s list.

📌 Broadwood Partners, a key stakeholder and long-time believer in Staar Surgical $STAA, just filed a Form 4 revealing a $3.6 million buy.

Broadwood has been deeply involved with STAA for years, making its moves worth watching.

📌Steve Cohen’s Point72 made some serious noise filing an original 13G for  Relay Therapeutics $RLAY revealing a 5.70% stake. 

Here’s The Hot Corner, with data from March 20, 2025:

Click the table to enlarge it.

📌 Redwire $RDW CFO Peter Cannito joined an insider wave here with a $175,127 buy.

The chief financial officer’s move, showcases continuing leadership belief in the aerospace and defense company’s future.

From the Desk of Steve Strazza @Sstrazza

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 The Junior 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.

The bottom line is it is a bull market. We...

General Mills $GIS slid lower on Wednesday after reporting mixed earnings.

The company's margins are contracting because of inflationary pressures. Last quarter alone, the gross margin fell 60 basis points to 33.4% of net sales.

In addition, the North American, pet, and international segments experienced a 7%, 5%, and 4% decrease in net sales, respectively. It wasn't good...

The management team discussed consumer confidence at levels last seen in 2008. This is a big problem for a company directly exposed to the consumer!

Overall, this report was a disaster, and the market punished the stock for it.

*click the image to enlarge it

As you can see, the $32.63B packaged foods company reported revenues of $4.84B, versus the $4.95B estimate, and earnings per share of $1, versus the $0.96 estimate.

The stock fell 2% with a reaction score of -2.99, and it's now flirting with fresh 4-year lows.

Now, let's talk about the technical setup.

General Mills has suffered a drawdown of...

Here's the replay and chartbook from the March 20 Weekly Strategy Session.

Be sure to join us on Thursdays at 11 am ET and maximize your return potential.

The dominant force in equity markets right now is the record rotation out of U.S. equities and into international markets.

The biggest losers over the past month? U.S. growth stocks. And at the tail end of that risk spectrum, speculative growth—best represented by ARK Innovation (ARKK)—has taken the hardest hit, dropping 25% and failing to hold its long-term breakout.

We’re closely watching whether this broader rotation out of U.S. stocks sustains in the coming months. If capital starts flowing back into the U.S., ARKK would likely be a major beneficiary.

A successful reclaim of its breakout level would set up a bullish long-term trend—but everything hinges on the international vs. U.S. capital flows.

We broke all of this down in yesterday’s Emergency State of the Markets stream. The All Star Charts team joined the discussion, along with esteemed trader John Netto, who shared his insights on the Fed’s announcement.

...

Today's number is... 1

Out of the seven global regions I track, only one is negative year-to-date, and that is the United States.

Here’s the chart:

Let's break down what the chart shows:

• Each line represents a different global region's year-to-date performance.
  • Green lines represent global regions that have a positive year-to-date performance.
  • Red lines represent global regions that have a negative year-to-date performance.
  • The black line shows the year-to-date performance of the All Country World Index.

The Takeaway: The global leadership has shifted in 2025.

In 2024, the United States was the leading region with an impressive return of 24%, while Europe Ex-UK was the worst region which lagged behind with only a 0.9% yearly return.

However, in the 52 trading days of 2025, Europe Ex-UK has emerged as the current leader, posting an impressive year-to-date return of 19% so far. In contrast, the United States is underperforming every region among the seven I track and is the only region to...

In today’s Daily Digest, we’ll review the following:

1. New position in XBI.
2. No adjustments are needed today.
3. No exits since the last report.
4. Current status of open campaigns.
5. Volatility Snapshot.

Let’s dig in!

From the desk of Steve Strazza @Sstrazza

Welcome to The 2 to 100 Club.

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...

Sign up for my free note here.

Today was all about the Fed. 

As usual, I was laser-focused on the market reactions.

Rates stayed put while the path forward was updated to reflect one fewer cut. 

The stock market pumped a bit while Powell was speaking, and dollars and rates ticked down. 

All in all, it was a mundane FOMC reaction. No fireworks. We discussed it on a live stream on Stock Market TV earlier.

But, one group stood out most today. And it’s extra interesting because it’s the same group that has been on top of the leaderboard all year.

Busy morning of earnings with a little something for everyone as we try to figure out who, if anyone, is actually experiencing a recession as opposed to just talking about it all the time.

This morning saw a decent report from the dominant player in the dismal wedding-focused jewelry space in Signet, deep-discount treasure hunt chain Ollies and the magnificent Williams-Sonoma, stuck in the middle of a rare sell-off.

Let's grade them!

Report Card Rules:

All grades are subjective and relative to each company's reputation, messaging and likely appeal to Wall Street.

I don't much care about Q4. Does anything seem longer ago right now than last Christmas? Q1 reports in retail are all about setting expectations for the next year, establishing clear deliverables and highlighting any tailwinds or concerns.

TLDR: These stocks are all way off fairly recent highs. Anything better than whining about troubling economic headwinds and guiding to something hugely negative is a Beat at this point.

Let's start in the Mall!

Signet: B+

Signet slightly beat the guidance issued in January but missed the original Q4 guidance...

A couple of big moves stand out today. 

Lawmakers are jumping into once high-flying momentum names that have recently unwound.

We’re also watching a near-million-dollar purchase in a Dow component that’s just broken down technically, completing a short-term top.

Let’s get into it:

📌 Tesla $TSLA
Rep. Vicente Gonzalez of Texas bought between $15,000 and $100,000 worth of $TSLA across two transactions.

It’s a vote of confidence in the EV giant that has seen its share price tumble from record highs as controversy surrounds its figurehead, Elon Musk. 

📌 Hims & Hers $HIMS
Rep. Tony Wield of Wisconsin also went on a shopping spree in $HIMS, investing somewhere in the vicinity of $250,000.

This health-focused company soared last year but has since pulled back sharply.

Today's number is... 27%

Global breadth is expanding in 2025... NOT narrowing… Over 27% of world markets have made 52-week highs in the past two weeks.

Here’s the chart:

Let's break down what the chart shows:

• The blue line in the top panel is the MSCI All Country World index price.
• The green line in the bottom panel represents the percentage of world markets making 52-week highs over the past two weeks.
• The red line in the bottom panel represents the percentage of world markets making 52-week lows over the past two weeks.

The Takeaway: If you want to know where leadership in the markets has shifted too since weakness emerged in the US, look no further than the rest of the world. 

Global market breadth is improving rather than deteriorating, indicating that there is underlying strength in international markets, potentially presenting us with opportunities. However, many US investors are missing out on these because of a home-country bias and a sprinkle of recency bias. (...

As the U.S. markets have sold off, defensive sectors with lower volatility have done well.

Consumer Staples, Real Estate, and Utilities are all sectors with low beta that have outperformed.

Interestingly, Utilities had the perception of being a beneficiary of the AI trade last year while now they seem to have fallen back to their roots of providing a safe haven for U.S. investors.

As such, now the sector has built a longer-term base with a clean upper threshold at its prior support. If this ratio can break through the area marked below, it would point to an emerging trend favoring Utility stocks.

These types of trends don't happen often; it's only when the market is really under pressure.

The analysts at All Star Charts are hosting an emergency market update today at 2:30pm ET to break down what's happening with...

Most notably, Large Cap Value $IWD has climbed to the top of the rankings as U.S. growth has sold off.

The trend favoring value over growth is clearly intact over shorter timeframes. But what would it take for this to shift meaningfully over a longer time period?

Pictured below is the growth value ratio since 2020. While this ratio has taken a hit, it is still trading well above a key inflection point.

If this ratio were to move below 1.90, it would signal that a longer-term trend reversal is taking place in favor of value stocks.

That’s why we’re doing a State of the Markets. Join JC Parets, Steve Strazza, and more as they make sense of all this.

You can join at 2:30pm ET live by clicking here.

The same theme continues to dominate across the global markets; more money is rotating out of the United States and flowing into international markets.

As shown in above chart, the S&P 500 has now fallen into red territory while many international ETFs are trading at new highs.

Poland $EPOL, for instance, has risen to the top of the leaderboard and is up +36% YTD while the S&P 500 is down for the year.

We would encourage you to go through this list of ETFs in the above table - it's only 44 ETFs. What you'll see is a large number of country ETFs making new highs and rallying significantly in recent weeks.

While one could argue this trend is extended to the upside in the short-term, the longer-term implications of such an aggressive capital inflow into international equities is significant.

We could be at the beginning stages of outperformance from global relative to the U.S - a trend we haven't seen for 15 years.

Precious metal miners have climbed to the top of the rankings in an impressive fashion. This has been a persistent and growing trend over the last few weeks as Gold climbs to all time highs in the face of uncertainty in risk markets.

But it's not just these stocks showing relative strength. Insurance $IAK, for instance, has barely budged while U.S. stocks have aggressively sold off.

Broadly speaking, seeing rotation into these less growth-oriented industries makes sense as apart of a more defensive rotation. Insurance has exhibited less volatility, which could make it attractive for those looking for more stable equity market exposure in a volatile tape.

We can certainly see some movement on this week's thematic table as equity markets have extended their decline.

The basic summary here is that high beta and growth have dropped on the list; examples of this include the Ark speculative growth funds and crypto stocks.

In addition to this, it's to no one's surprise that low volatility stocks have climbed to green territory on the rankings. These stocks outperform during market corrections and this is another example of that.

Extending on the speculative growth theme, Chinese equities (and international equities more broadly) have been a strong area of outperformance as money has rotated out of the United States and into international equity.

However, a scenario we're considering is if we see an oversold bounce in the coming weeks whether this money flow will reverse and funds will rotate out of international as a source of funds back into the U.S.

Pictured below is China $FXI hitting a significant level of resistance; we'd be surprised to not see some level of digestion here as this theme takes a well deserved pause.