The largest insider buy on today's list is a Form 4 filing by CD&R Boulder Holdings LP.

The firm disclosed the purchase of approximately $6 million worth of shares in Beacon Roofing Supply $BECN.

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:

...

The Twitter-and-Elon Musk saga has finally come to an end, as the eccentric billionaire has completed a $44 billion acquisition of the struggling social media company.

The stock will be delisted from the New York Stock Exchange today.

We got a new Form 13D from our favorite corporate raider yesterday, as Carl Icahn revealed  an increased ownership stake in Southwest Gas $SWX.

Icahn now owns 9.8% of outstanding shares, a very slight uptick from the 9.7% he reported on September 7.

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 during their journey to becoming the market behemoths they are today.

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

Stocks are back in bear market rally mode for the second time since this summer!

Whether this is the beginning of a new bull market is something we can only know in hindsight. 

Fortunately, defining the current rally appropriately is not a prerequisite for participating in it. And the latter is all we’re worried about.

We want to position ourselves in the strongest stocks from the strongest groups and use them as vehicles to benefit from the counter-trend move that's underway.

We discussed this in more detail on today’s Strategy Session. Click here to review the recording and the chartbook.

Now, let’s dive in and check out some of our favorite setups from our Inside Scoop universe.

This is the video recording of our October 26, 2022, Inside Scoop Weekly Strategy Session.

The largest insider transaction on today’s list was reported in a Form 4 filing by the Swiss investment company BB Biotech AG.

The biotechnology-focused fund reported a purchase worth roughly $2.2 million in MacroGenics $MGNX.

The largest insider transaction on today’s list is a Form 4 filing by FB Financial Corporation $FBK Chairman of the Board James Ayers.

Ayers reported a purchase worth roughly $1.9 million.

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 to our latest Minor Leaguers report.

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, 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...

From the desk of Steve Strazza @Sstrazza

Check out this week's Momentum Report, our weekly summation of all the major indexes at a Macro, International, Sector, and Industry Group level.

By analyzing the short-term data in these reports, we get a more tactical view of the current state of markets. This information then helps us put near-term developments into the big-picture context and provides insights regarding the structural trends at play.

Let's jump right into it with some of the major takeaways from this week's report:

* ASC Plus Members can access the Momentum Report by clicking the link at the bottom of this post.

Macro Universe:

• Our macro universe was positive this week, with 77% of our list closing higher with a median return of 2.96%.
• Lumber $LB was the winner again, closing with a 9.11% gain.
• The biggest loser was the Volatility Index $VIX, with a weekly loss of -7.28%.
• There was a 3% drop in the percentage of assets on our list within 5% of their 52-week highs – currently at 6%.
• Only 51% of our macro list made fresh 4-week highs....