Buy These 5 Stocks Now Before It’s Too Late - Thursday, November 10

Each week Force rank 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 Lululemon (LULU) and Bank of America (BAC ).

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Photo Credit: htmvalerio

Salesforce (CRM) | Large Enterprise Software: Salesforce has been trending higher since it abandoned its bid to acquire the beleaguered Twitter. Shares are up nearly 8% in the past month and should continue to rise leading into its earnings report next week. Analysts are bullish on Salesforce to continue growing in the cloud computing space through direct partnerships and acquisitions in machine learning, mobile, IoT and social media. The Estimize consensus is currently calling for flat earnings from a year earlier with 25% growth on the top line. Salesforce has begun to lose some of its market share in recent quarters to tech heavyweights like Microsoft, but its aggressive push for partnerships and acquisitions should offset the competitive headwinds. Force rank users are confident that this won’t impact the stock, ranking it in the top position of this week’s large enterprise software contest.

Bank of America (BAC) | Financials: Bank stocks are all trending higher after Trump’s shocking victory in the US presidential election, but none more than Bank of America. A Trump victory was all but certain to hammer the markets and put a December rate hike in jeopardy but given the current rally there doesn’t appear to be any reason to doubt an end-of-the-year increase. Rising interest rates will help support top line growth for the financial sector that had otherwise been gaining steam. Additionally, the Republican platform of less regulation will bode well for the banks that had been hampered since the 2008 Financial Crisis. Bank of America shares have skyrocketed 16% in the past 30 days and will likely continue to do so for the remainder of the year. Force rank users had been high on the banks for weeks now which is a testament to its recent earnings power and upside.  

Lululemon (LULU) | Apparel: The athleisure brand maintains the top position in the apparel contest for a second consecutive week just ahead of close competitors Nike and Under Armour. Its move higher is partially a byproduct of weakness surrounding Nike and Under Armour in recent weeks. Under Armour, cut guidance after its third quarter results in this earnings season and Nike was recently downgraded by Bank of America. Beyond its competitor’s pitfalls, Lululemon doesn’t appear to be in a position of strength. Many experts believe that the activewear trend is fading away as consumers are less willing to pay a premium for workout clothes. That being said, Lululemon maintains the top spot this week with an average user rank of 4.45, slightly below 3.53 posted last week. Steadily improving technicals support the claim that a breakout is on the horizon. Three gaps have yet to be filled from the beginning of September with the higher at $75, almost $20 above its current trading price.

Delta Airlines (DAL) | Airlines: A strong earnings season for the travel industry has Delta soaring higher in recent weeks. The most comforting news out of Delta’s report was that travel trends had climbed in the early months of the fourth quarter. Investors are hopeful that the airline industry can cap off the year with positive growth and more importantly improving PRASM measures. The recent surge in share prices started with a technical breakout as far back as late September when the 20 days MA crossed the 50 days. On balance, volume has surged ever since and a recent breach of the 200-day moving average has kept the climb going. The current spike in shares doesn't coming without its pitfalls. It’s becoming more evident that the stock is approaching overbought territory as the RSI is now well above 80 and share prices eclipse the upper Bollinger Band.

Buffalo Wild Wings (BWLD) | Restaurants: Despite a weaker than expected third-quarter results, investors are finding the stock tasty. Shares of the casual dining chain are up 16% in the past month after nearing 52-week lows. The report spurred a technical breakout including surging volume and a push to positive territory in the MACD. Force rank users are just as bullish in recent weeks, pushing the company up from fifth to second in this week’s restaurant contest.

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Chee Hin Teh 7 years ago Member's comment

thanks for sharing

Chee Hin Teh 7 years ago Member's comment

Thanks for sharing