Buy These 5 Stocks Now Before It’s Too Late - Dec. 6

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 feature popular names like McDonald’s (MCD) and JPMorgan Chase (JPM). 

McDonald’s (MCD) | Fast Food: Shares are trading higher this morning after Nomura turned bullish on the golden arches, upgrading the stock to buy from neutral citing optimism that same store sales can continue to improve from ongoing menu updates. The McPick 2 and all day breakfast had been met with optimism from investors that hoped financial performance was on the road to recovery. Lately, however, that hasn’t been the case, as earnings growth and stock performance continue to struggle. The stock is nearly flat in 2016 and from a year earlier but the recent upgrade could be the start of a reversal on the horizon. The 20 day moving average recently crossed over the 50 day average in a bullish manner and looks to be taking over the 200 day in the near future. Furthermore the MACD turned positive in the middle of November signaling increasing positive momentum.

JPMorgan Chase (JPM) | Investment Banks: The entire financial sector has boomed in the month following Trump’s shocking election victory. Shares of the XLF, which tracks major banks and financial institutions, is up 18.5% in the past 30 days after a relatively flat year beforehand. No bank has benefited more than Goldman Sachs though. The stock is up nearly 26% since the election with no signs of dropping off anytime soon. On balance volume and the MACD continue to form new peaks as shares make new 52 week highs. Forcerank user’s positioned the investment bank atop the financial contests with an average ranking of 3.6, compared to 4.8 the week prior.  Investors would be wise to remain cautious though given that the relative strength index has broken 80, the threshold that indicates a stock is overbought.

Chevron (CVX)| Energy & Power: Chevron received a massive boost last week after OPEC agreed to cut production to 32.5 million barrel per day. The deal moved oil prices significantly higher while many major oil companies also saw a boost. Oil prices are still well off their highs and will need to increase significantly for companies like Chevron to reconcile its losses of the past few years. Nonetheless this is a good start which helped position Chevron at the top spot of the E&P contest for a second straight week. The late surge has been supported by a technical breakout mainly a steadily improving MACD and On Balance Volume. The stock has also taken out its prior three resistance levels as its continues to set new 52 week highs.  

Netflix (NFLX) | ECommerce: The video streaming platform sits in the second spot of this week’s ecommerce contest, just behind retail giant Amazon (AMZN). Forcerank users gave Netflix a slight boost this week after releasing its first phase of downloadable content and takeover chatter started to heat up. Users can now download select shows and movies to enjoy without being connected to Wifi or eating up data. Along with this, takeover talks continue to swirl and push shares higher. Disney and Apple continue to dominate the rumor mill when it comes to purchasing the streaming platform. Netflix would be a sure fire boost for both companies that have looked to expand their media businesses in recent years. The uptick that the stock received from the recent news also helped turn key technical indicators in a bullish direction. The MACD is on the verge of a bullish crossover that could help sustain the recent surge in share prices.

Under Armour (UA) | Apparel: Unlike some of the other names on this list, the case be made that Under Armour can go in either direction. The stock is still struggling after it was reported that 2017 wouldn’t be as profitable as recent years. Shares have lost nearly a third of their value since the announcement, but Forcerank users are still bullish on the apparel company. The Kevin Plank run company ranks ahead of Nike and Sketchers this week, signaling a possible turnaround. A bullish crossover in the MACD along with a volume profile is indicative of a low $40 share price.

Disclosure: This article was originally published in Forcerank on November 30, 2016. To learn more visit the  more

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Chee Hin Teh 7 years ago Member's comment

thanks for sharing