• The best sector in ADRs is financials.
• The top countries are Mexico & Chile.

Important: scores have shifted to reflect second quarter seasonality.The average score across our ADR universe is 53.41. Over the past four and eight weeks, the score has averaged 54.47 and 54.34, respectively.The average ADR in our universe is trading -14.4% below its 52 week high, 4.82% above its 200 dma, has 2.95 days to cover short, and is expected to grow EPS by 21% in the coming year.

Financials (CS, BBD, HDB), healthcare (GLPG, SNY, BAYRY, LUX, FWP), utilities (CIG, CPL), and services (UGP, CEA, SKYAY, ASR, CUK) ADRs score best. Technology scores in line with the universe average score. Consumer goods, basics, and industrial goods score below average.

The best scoring zones are Latin America (UGP, BAK, BBD, IBA, CCU, ASR, YPF, CRESY) and No. America (RY). Latin America, North America, and UK/Ireland (SKYAY, CUK, UL, RYAAY, GWPH, DEO) are the top scoring regions. Mexico (IBA, ASR, AMX, OMAB), Chile (CCU), and Switzerland (CS, SYT, LOGI, RHHBY, NSRGY) are the strongest scoring countries.

The MSCI EAFE has neutral second quarter seasonality, and has trailed the SPY in median returns in the period over the past decade, with more volatility. Be sector, country, and ADR specific.

The following are the top and bottom scoring ADRs in our coverage this week.

(Click on image to enlarge)