A Piece of the Pirog

As large cap tech giants in the U.S. zoom towards the $1 trillion market cap figure (see: Apple), there may be a bigger piece of the pirog, so to speak, for comparable firms overseas. 

Just this morning for example, beyond AAPL, we have MercadoLibre, Inc. a South Americans e-commerce company, gapping up after earnings more than 11% and sporting a tight monthly chart bull flag after a strong prior advance. In other words, MELI have have another leg higher in the tank before year end. 

In addition, speaking of pirogi, Yandex, the Russia version of Google in some ways, continues to sport a strong and steadily bullish chart, below on the daily timeframe. With earnings out of the way, YNDX continues to look like a long idea. 

Without question, the prominent FANG names in American merit our attention, as well as AAPL. However, the non-U.S. tech firms of a similar nature may have superb growth ahead of them, too. And, more importantly, the price action continues to support that thesis.