ADRs Best & Worst Report - December 28, 2015

• The best sector across ADRs is services.
• The top regions are MENA, North America, U.K./Ireland

The MSCI EAFE has posted gains in 8 of the past 10 Q1s, returning a median 3.46% in the period. The EAFE's correlation to the SPY during this period is 0.87.

Source: Seasonal Investor Database

The average score across our ADR universe is 45.28 and that's above both the four and eight week average score of 43.28 and 43.41, respectively. The average ADR is trading -28.61% below its 52 week high, -6.78% below its 200 dma, has 4.21 days to cover held short, and is expected to post EPS growth of 10.76% next year.

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The strongest sector across our ADR universe is services (HMIN, RYAAY, ICLR, CUK, VLRS, DEG, AHONY), Healthcare (TEVA, PSDV, LUX, SNN, RHHBY, SVA, RDY, NVO) and consumer goods (BUD, NSANY, TTM, REXMY, NSRGY, HMC, BTI) also score high. Industrial goods and technology score in line with the average ADR. Financials, utilities, and basic materials score below average.

The top zones are the Middle East (PTNR, TEVA) and North America (PSDV, RY, BCE). The strongest regions include MENA, North America, and UK/Ireland (RYAAY, ICLR, CUK, ARMH, NGG, RUK, SNN, PUK, REXMY, BTI). Ireland (RYAAY, ICLR), Bermuda (SIG, SFL), Switzerland (LOGI, SYT, RHHBY, NSRGY), Taiwan (SPIL, TSM, ASX), and the United Kingdom (CUK, ARMH, NGG, RUK, SNN, PUK, REXMY, BTI) are the best countries to overweight in portfolios.