The largest insider transaction on today’s list comes in a Form 4 filing by John H. Stone, president and CEO of Allegion plc $ALLE.

Stone revealed a purchase of ALLE shares worth roughly $2 million.

From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts

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. 

Then...

The only insider transaction on today’s list comes in a Form 4 filing by Robert W. Stallings, director of Texas Capital Bancshares $TCBI.

Stallings reported a purchase of TCBI shares worth $123,960.

The only insider transaction on today’s list comes in a Form 4 filing by William G. Jurgensen, director of American International Group $AIG.

Jurgensen revealed a purchase of AIG shares with a total value of $145,814.

This is the video recording of the July 26, 2023, Hot Corner Insider Weekly Strategy Session.

The largest insider transaction on today’s list comes in a Form 4 filing by SoftBank Vision Fund entity SVF II SPAC Investment 3 (DE) LLC.

SVF reported the purchase of 17,825,312 shares of Symbotic Inc $SYM, equivalent to $500 million.

The largest insider buy on today’s list comes in a Form 4 filing by the former chairman of FB Financial Corporation $FBK, James W. Ayers.

Ayers revealed a purchase of 12,000 FBK shares, equivalent to $393,600.

From the Desk of Steve Strazza @sstrazza and Alfonso Depablos @Alfcharts

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.

What remains is a list of stocks that large financial institutions are putting big money behind.

And they’re doing so for one reason only: because they think...

From the Desk of Steve Strazza @Sstrazza.

Welcome back to Under the Hood, where we'll cover all the action for the week ended July 21, 2023. This report is published bi-weekly and rotated with The Minor Leaguers.

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.

Click here for a behind-the-scenes look at our process.

Whether we’re measuring increasing interest based on large institutional purchases, unusual options activity, or...

The largest insider buy on today’s list comes in a Form 4 filing by SRB Corporation.

The advisory firm revealed a purchase of $2.1 million in Safety Insurance Group $SAFT.

From the desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts

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:

...

Today’s Hot Corner is a short one.

Point72 Asset Management filed a 13G for Chewy $CHWY revealing an initial stake of 5.80%.