Ernest S. Rady, the chairman and CEO of American Assets Trust $AAT, continues to appear on our list with his eighth Form 4 filing in the trailing month.
Rady reported his latest purchase on Friday, revealing another 25,000 shares, equivalent to $719,600.
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, which you can check out here.
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.
We debuted a new scan recently which goes by the name- All Star Momentum.
All Star Momentum is a brand new scan that guides us towards the very best stocks in the market. We have incorporated our stock universe of Nifty 500 as the base this time around. Among the 500 stocks that we follow, this scan will pump out names that are most likely to outperform the market.
The bulls have moved back into the driver seat over the past few months, as a good deal of technical damage was repaired during the summer rally.
It appears that the weakest stocks have at least stopped falling as growth indexes have transitioned to more constructive, base-building action since late Q2.
And, more recently, the strongest sectors during the current cycle have reclaimed key levels.
We’re talking about materials rallying back into their old range and energy stocks resolving above a shelf of former highs.
As both cyclical sectors are now back above our risk levels, we are looking for the strongest stocks to buy to express a bullish thesis on these groups.
When we think about the strongest stocks within materials, the coal industry and its recent resilience is top of mind.
We see no reason why the relative strength from these stocks shouldn’t continue, so let’s dive in and outline some of our favorite charts in the space.