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 TheJunior 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.
Despite reporting a double miss after the closing bell on Tuesday, the stock rallied following its latest earnings release. This marks the 2nd straight quarter of positive post-earnings price action.
They're continuing to deliver consistent growth, strong margins, and solid free cash flow.
This is a rare combination in a defensive sector facing pressure from inflation, shifting consumer preferences, and private-label competition.
While many of its peers are getting punished for lackluster results, the market is rewarding Constellation for reporting a double miss.
Beer remains the crown jewel of their portfolio, led by Modelo, now the #1 beer in America.
Meanwhile, the premiumization of the wine and spirits business is helping improve margins and reposition the segment for long-term growth.
Management continues to reward shareholders through...