Each week Forcerank runs a variety of games covering different industries. What we have found, is that the top three ranked companies in their respective games deliver the biggest positive price movement for that week. This week the winners features popular names like Amazon (NASDAQ:AMZN) and Twitter Inc (NYSE:TWTR).
Alibaba (NYSE:BABA) | Ecommerce: Alibaba, not Amazon, is the featured company from this week’s ecommerce contest. Alibaba made headlines this week after it announced they would be taking a stake in Spielberg’s Amblin Pictures. The move provides a gateway into American markets and brings new content to its platform. Meanwhile, Alibaba spinoff, Ant Financial is gearing up for an IPO of its own. The online financial arm is estimated to be worth $60 billion and is just one of many successful spinoffs from the Alibaba conglomerate. Shares have surged 25% this year and over 45% in the past 12 months. New peaks in on balance volume would suggest continued upside in the near term. Firms maintain an average buy rating with recent upgrades coming from Raymond James and Macquarie in August.
Citigroup (NYSE:C) | Financials: Citigroup’s recent surge has fallen under the radar given the volatile news impacting the financial sector. Shares have surged over 10% in the past 3 months thanks to a strong second quarter and new found confidence in the sector. Citigroup topped earnings expectations by 15 cents and fell right in line on the top last quarter with early signs pointing to a repeat performance tomorrow morning. Citigroup’s efforts to expand into the equity markets is paying off given the market’s performance this year. One source of concern remains the uncertainty surrounding Brexit. New information is beginning to emerge on what the U.K. without the European Union will look like and investors are not pleased. If this continues to be an ongoing issue we might see the financial sector return those recent gains.
Starbucks (NASDAQ:SBUX) | Restaurants: The coffee maker took the top spot in the second week of the restaurant contest with an average user rank of 4.13. That was a slight decline from the 3.53 ranking it captured the week prior. Starbucks has been trending downward since the start of August, but that could soon be changing. A recent bullish crossover in the MACD along with a volume profile consistent with a $55 share price points to strong upside moving forward. Furthermore, Starbucks fourth quarter report at the end of the month is expected to jump start the stock.
Chipotle Mexican Grill Inc (NYSE:CMG) | Restaurants: Chipotle’s ongoing bouts with health scares over the past year appear to have run its course. The long beaten down stock has begun to trend up as the burrito chain rebuilds its reputation. Following a bullish crossover in the MACD at the end of September shares are up almost 5%, closing the gap on its 200 day moving average. Chipotle, like Starbucks, is scheduled to report earnings at the end of the month. Expectations are set so low that even the smallest beat would send the stock soaring.
Alphabet (NASDAQ:GOOGL) | Social Media: Google has been unable deliver a repeat performance from last year that positioned it in the group of stocks named FANG. Shares are virtually flat on the year after jumping 47% in the 2015. The biggest problem has been the losses its moonshot investments have piled up since the formation of Alphabet. Google appears to be on the way of reversing those misfortunes. Its recent event that debuted the Pixel phone and Google Home is a slap in the face to Amazon and Apple (NASDAQ:AAPL) whom offer comparable products. The event was largely deemed as a success with consumers elated to pick up one of these two products. Its technicals also indicate shares are on the verge of a breakout. If Google can right the ships this earnings season, then it wouldn’t be surprising to see a surge to close 2016.