Forcerank Weekly Review (AMZN, TWTR, WFC)
The first presidential debate between Donald Trump and Hillary Clinton on Monday monopolized last week's financial news. This was the most watched debate ever with over 84 million viewers tuning in to see the drama unfold. Hillary Clinton won the first leg in a landslide while Mr. Trump appeared rattled after being caught in multiple lies. From a market perspective, Clinton’s victory was somewhat of a relief. Immediately following the debate major U.S. indices were considerably higher and have only become better throughout the week.
Popular names like Twitter (TWTR) and Amazon (AMZN) were two of the biggest gainers this last week. Twitter is rolling as a potential takeover appears to be on the horizon. Shares are up 25% in the past month with a majority of that coming in the past week. It is believed that Google (GOOGL) , Microsoft (MSFT), Disney (DIS) and Salesforce (CRM) are believed to be the most likely candidates to acquire the social media company. Amazon, on the other hand, is firing on all cylinders. Each and everyday the stock reaches a new all time high, forcing analysts to raise their price targets and upgrade the stock. Shares were up just over 4% this week and 70% in the past 12 months. It’s not surprising that both Amazon and Twitter were ranked in the top 3 positions in their respective games this week.
Some of the other winners include Southwest Airlines (LUV) and Bank of America (BAC) . These gains weren’t driven by any specific market news but a bullish reversal in their charts. Both companies were trending down into oversold territory for the better part of the week only to spike back up the past few days. Southwest was up about 1.5% Friday and about 4% for the whole week. Bank of America’s late week surge pushed shares positive while the rest of the banking sector incurred losses.
Meanwhile, United States Gasoline’s (UGA) steady gains throughout the week were largely news driven. OPEC reached an agreement to scale back oil production this week that will boost oil and gasoline prices. UGA shares jumped 6% this week which isn’t surprising given its top three position in the Forcerank commodities contest.
The losers happened to be more widespread. They included Allegiant Travel (ALGT), Groupon (GRPN), VMware (VMW) , YY Inc (YY) and of course, Wells Fargo (WFC). Each of these stocks were down this week and fell in the bottom position of their respective Forcerank contests. Wells Fargo’s troubles from the fake account scandal continues to hammer the stock. John Stumpf took to Capitol Hill again this week for another epic takedown by the House Panel. The stock was down almost 2% and will likely continue to suffer until a formal solution, his resignation, is put in place.
Each week, Forcerank runs a variety of games covering different industries. What we have found, is that the highest ranked companies in their respective games deliver the greatest positive price movement while the worst ranked companies post the biggest losses. To access this information earlier in the week, play next week’s contests and test your knowledge against hundreds of investment professionals.
Click here to play now and gain actionable insights.
Disclosure: Each week, Forcerank runs a variety of games covering different industries. What we have found, is that the highest ranked companies in their ...
more
thanks for sharing