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 include popular names like Amazon.com and Twitter.
JetBlue Airways (NASDAQ:JBLU) | Airlines: Shares of Jetblue have been on a tear lately, jumping 12.7% in the past month. The stock still appears to have room to run after being hammered for the better part of year. Share prices are still slightly below the volume profile so further gains aren’t out of the question. Last week, JetBlue announced one of the largest renewable jet fuel agreements in aviation history. The company will begin burning renewable biofuel mix on some of its flights within the NYC area. The move puts JetBlue ahead of the looming restrictions that are likely to cripple the airline industry. Meanwhile, more frequent discounting and promotional sales are helping drive traffic gains and cutting PRASM losses.
United States Steel (NYSE:X) | Most Heavily Shorted: United States Steel has been on one of the hottest streaks this year. Year-to-date, shares are up 145% despite pundits writing them off. On Wednesday, analysts at JPMorgan (NYSE:JPM) reiterated their overweight rating, citing a buying opportunity after this recent dip. Additionally structural change in the steel industry will continue to bode well. These ongoing victories have been supported by several technical indicators. On balance volume recently turned positive coupled with a bullish crossover in the MACD indicating near term momentum.
Amazon.com (NASDAQ:AMZN) | E-Commerce: Week after week Amazon shares have reached record highs on its path to $1000. Just last week the online retailer eclipsed the $800 mark and is now trading near $830. It’s easy to tell that the stock is overvalued but most investors still wouldn’t advise betting against them. Amazon and Jeff Bezos constantly prove why they are a pioneer for technology and innovation. Late last week, Argus raised its call on the stock from hold to buy with a $935 price target. If you weren’t lucky enough to hold a position in the past few years it’s still not too late. The Forcerank consensus has correctly ranked the tech giant in the top position of the e-commerce contests for multiple weeks.
Adobe Systems (NASDAQ:ADBE)) | Large Enterprise Software: Momentum from a strong earnings report last week has carried over into this week. Adobe shares are near all-time highs after jumping 7% in the past month. Since its report, the stock has seen a bullish crossover in the MACD and is steadily improving on balance volume. This week the company made headlines after inking a partnership with Microsoft (NASDAQ:MSFT) to integrate Creative Cloud with MS cloud services. This is a big win for Adobe and Microsoft but also a huge blow to Salesforce.com (NYSE:CRM), Oracle (NYSE:ORCL) and Amazon.com. On average, analysts still remain committed to a “buy” rating as does the Forcerank consensus. Adobe ranks in the top 3 spots in the large-cap enterprise contests on an ongoing basis.
Twitter (NYSE:TWTR) | Social Media: Twitter has been the most popular stock over the past 3 days, after rumors broke that management was inching closer to a sale. Shares spiked over 20% on Friday alone and have nearly reached 10% gains at the start of this week. The list of possible suitors include heavy hitters like Microsoft, Google (NASDAQ:GOOGL), Walt Disney (NYSE:DIS) and Salesforce.com. So far there is no indication that one is more likely than the others to emerge victorious, but there certainly seems to be more legitimacy around these rumors than in the past. Outside of takeover talk, Twitter is gaining steam from the recent slew of newsworthy events. Thursday Night Football, which now streams on the platform is already being deemed a success while Monday night’s presidential debate was a breeding ground for new tweets. This week, Twitter was ranked third in the social-media game, a strong signal that the stock still has room to run.