The housing sector continues to perform well, and it makes sense that companies in the mortgage business should come along for the ride.

One of those names had a big push into the end of the year, and then had a monster pull back to start 2024. We think this reversal may be a bit overdone and the stock is now at a level where we can take an advantageous position with minimal downside from here.

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 Sea Ltd 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:

...

In today's Daily Digest, we'll review:

1. No new position today.
2. Adjustment today in SMH.
3. No exits today.
4. Current status of open campaigns.

Let's dig in!

From the Desk of Steve Strazza and Alfonso Depablos

The largest insider buy on today’s list comes via a handful of filings by the CEO and chairman of OPKO Health $OPK, Phillip Frost.

Frost reported an additional purchase of 400,000 OPK shares, equivalent to $386,200.

Last night was one of the most important LIVE Conference Calls that we've had in a long time.

The beginning of the year shenanigans are behind us, the market has settled into 2024, and this all allows us to focus on the most important trends.

From the Desk of Ian Culley @IanCulley

Houthi rebels are rampaging in the Red Sea.

The result: Many carriers are taking the scenic route around the Cape of Good Hope in South Africa instead of the Suez Canal. 

The longer route brings weeks-long delays and increased costs as the price to ship a 40-foot-long container has nearly doubled since late November.

It won’t be long before those additional charges trickle down to us, the consumer.

What are you going to do?

Buy marine shipping stocks!

Check out our custom equal-weight marine shipping index posting fresh eight-year highs:

I like buying base breakouts, especially when they reclaim critical shelves of former lows (notice the polarity zone marked by the ‘12 and ‘14 troughs and early ‘23 peak).

These often overlooked stocks (seriously, when’s the last time you bought a shipping stock?) are also on the verge of breaking out versus the broader market:

It always bears repeating: The strongest trends outperform their alternatives.

Many of the names in our index will post new highs upon completing this bullish reversal...

From the Desk of Steve Strazza and Alfonso Depablos

The largest insider buy on today’s list comes via a handful of filings by Control Empresarial de Capitales S.A. de C.V.

The Mexic0-based investment company reported purchases totaling $229 million in Talos Energy Inc $TALO.

It also revealed an additional purchase of $20 million in PBF Energy Inc $PBF.

This is the video recording of the January 2024 Mid-month Conference Call.

“The Iron Condor is a risky trade!”

This comment was shared today during my appearance on the Morning Show with JC and Strazza.

We were discussing this trade in $TSLA we put on yesterday.

Sure, this trade might have some risk in it. 

Newsflash: ALL trades have risk. If there was no risk, there would be no potential reward!

An Iron Condor is a four-legged options spread consisting of equal amounts of short out–of-the-money puts and calls, and long further out-of-the-money puts and calls that protect the position and define the risk.

Here’s the PnL Graph for the $TSLA trade and this is a pretty common structure for an Iron Condor trade:

From the Desk of Steve Strazza @Sstrazza

Dividend Aristocrats are easily some of the most desirable investments on Wall Street. These are the names that have increased dividends for at least 25 years, providing steadily increasing income to long-term-minded shareholders.

As you can imagine, the companies making up this prestigious list are some of the most recognizable brands in the world. Coca-Cola, Walmart, and Johnson & Johnson are just a few of the household names making the cut.

Here at All Star Charts, we like to stay ahead of the curve. That's why we're turning our attention to the future aristocrats. In an effort to seek out the next generation of the cream-of-the-crop dividend plays, we're curating a list of stocks that have raised their payouts every year for five to nine years.

We call them the Young Aristocrats, and the idea is that these are "stocks that pay you to make money." Imagine if years of consistent dividend growth and high momentum and relative strength had a baby, leaving you with the best of the emerging dividend giants that are outperforming the averages.

By adding our technical analysis to the mix,...

From the Desk of Steve Strazza and Alfonso Depablos

The largest insider buy on today’s list comes via a handful of filings by the CEO and chairman of OPKO Health $OPK, Phillip Frost.

Frost reported an additional purchase of 400,000 OPK shares, equivalent to $386,200.

In today's Daily Digest, we'll review:

1. No new position today.
2. Adjustment today in XLU.
3. Exit in XLV.
4. Current status of open campaigns.

Let's dig in!

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 and Berkshire Hathaway.

Buffett and Berkshire reported purchases in The Liberty SiriusXM Group  for a total amount of $84,970,847.

I wouldn't say that volatility is high, but it is higher than what we've grown accustomed to over the past few months.

Tesla has earnings coming up and the animal spirits are out.

Traders do not have patience. They are willing to pay a high number to own call options, and put options as well.

So we're taking advantage of their poor spending habits and happily accepting their donations.

Look at this mess. Can you find me a messier stock?

From the Desk of Steve Strazza @Sstrazza

Welcome to The 2 to 100 Club.

As many of you know, something we've been working on internally is using 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...

From the Desk of Ian Culley @IanCulley

US dollar bulls are in control. 

Fresh highs dot the US Dollar Index $DXY chart. Sellers are nowhere to be found.

The question is, when – or where – will buying pressure ease?

If I had to guess (which I do), I’d focus on 104.25:

A key retracement level and former resistance zone mark my spot.

Plus, price has respected that retracement over the past six months, adding to my conviction.

How long sellers will defend 104.25  – if price even reaches it – is anyone's guess.

I don’t have a Magic 8-Ball. (Wait, actually I do, and it says, “Ask again later.”)

Nevertheless, I imagine sellers step in at those former highs. If they don’t…

Global equities will continue to feel the squeeze. This includes metal and...

This is the video recording of the January 17, 2024, Hot Corner Insider Weekly Strategy Session.