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In IBD’s Global Leaders screen, we highlight some of the top-performing foreign companies. These three global stocks on today’s list are near buy points and are worth a closer look.
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ASML Holdings
ASML is a Dutch manufacturer of photolithography systems. It is currently the world’s largest supplier of photolithography systems for semiconductor companies. Approximately 70% of its revenue is driven from Asia, with Taiwan Semiconductor (TSM) and Samsung alone making up 60% of revenue.
ASML most recently reported earnings for the third quarter. EPS came in at $4.97, beating estimates of $4.61. Despite this, sales came in slightly soft at $6.1 billion vs. the $6.19 billion analysts estimated. Nevertheless, with high demand and shortages in the semiconductor industry, future demand for ASML’s photolithography systems is expected to be high.
ASML is forming a cup base with an $896.03 buy point according to MarketSmith.
Global Stocks: Triton International Group
Triton International Group (TRTN) is a shipping container leasing company based out of Bermuda. The company has been taking advantage of the global reopening with some very impressive numbers.
Q3 earnings trounced estimates, coming in at $2.43 a share vs. $2.18 in the consensus estimate. In context, third-quarter 2020 EPS only came in at $1.14. This continued an impressive period of growth out of the pandemic.
Looking forward to Q4, Triton is expected to continue to grow rapidly with estimated EPS of $2.51. This is in large part due to the global shipping container shortage, which is expected to continue into 2022.
Triton stock is forming a cup base with a $61.98 buy point, per MarketSmith.
Global Stocks: Seagate Technology Holdings
Seagate Technology Holdings (STX) designs and manufactures computer hardware products. Despite being incorporated in Ireland for tax purposes, its main operational headquarters are in Fremont, Calif. Seagate’s products can be found in a vast array of computer brands such as Dell (DELL), HP (HPQ), Lenovo and Microsoft (MSFT).
The shares have been on a run ever since the company reported results for the quarter ending in September. EPS came in above analyst estimates at $2.35, with revenue at $3.12 Billion. Shares were up 6% on the news, and have continued to rocket higher since then.
STX stock is finally starting to pull back after a crazy trading session Friday, when shares reached an all-time high 116.93 before retreating nearly back to the day’s lows.
The stock currently has a buy point of 106.32.
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