Leigh Drogen

About the Author Leigh Drogen

Leigh Drogen is the Founder and CEO of Estimize. Estimize is an open financial estimates platform which facilitates the aggregation of fundamental estimates from independent, buy-side, and sell-side analysts, along with those of industry experts, private investors and students. By sourcing estimates from a diverse community of individuals, Estimize provides both a more accurate and more representative view of expectations compared to sell side only data. Leigh started his career as a quant trader at Geller Capital, a White Plains, NY based fund where he ran strategies that looked at earnings acceleration and analyst estimate revision models, as well as price momentum and several sentiment indicators. Leigh later went on to be the founder of Surfview Capital, a New York based asset management firm that used many of the same strategies as Geller Capital, with a focus on higher beta names on an intermediate term time frame. His educational background includes focus in economics and international relations, specifically war theory. He is a graduate with honors from Hunter College in New York City. You can contact Leigh by emailing him at [email protected]

Forcerank’s This Week Winners: Tesla Motors Inc (TSLA), Apple Inc. (AAPL), eBay Inc (EBAY), McDonald’s Corporation (MCD)

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 Tesla Motors Inc (NASDAQ:TSLA), Apple Inc. (NASDAQ:AAPL), eBay Inc (NASDAQ:EBAY), and McDonald’s Corporation (NYSE:MCD).

Tesla Motors Inc

Tesla’s days of being a short candidate may be numbered. The electric car maker is coming off an impressive third quarter which turned a 71 cent profit and nearly $2.3 billion in revenue, both records for the historically flawed company. Shares have shockingly traded lower since then but now appear on route for a bullish run. The stock has closed higher in each of the 5 days following a bullish crossover in the MACD. At the same time the MACD is about to push into positive territory which typically translates to positive price action. Investors may never see $280 per share but given the improving underlying fundamentals and technicals, the stock should easily hit low $200’s in the near future.

Apple Inc.

Apple finds themselves in the top three of this week’s hardware contest, but not for anything news-related. On balance volume and the MACD both pushed into positive territory as the stock looks to take over the gap at $117 per share. This continued upside is largely indicative of the perceived success of the iPhone 7. Between that and a typically robust holiday season, Apple appears well on its way to fortifying its underlying fundamentals.  Investors would be wise to approach the stock with skepticism given Apple’s overreliance on the iPhone and overall weakness in its other products.

eBay Inc

Similar to Apple, Ebay made one of the biggest jumps this week moving to second from fifth place. In the process, the online retailer surpassed popular names like Netflix and Priceline. The jump doesn’t appear to be driven by any specific news event but rather a bullish reversal following its dismal third quarter results. Shares are on the verge of closing a gap at $32, reflecting a 7% upside from its current trading price. In doing so the stock will take out its second resistance level in the month of December.

McDonald’s Corporation

Shares are trading higher after Nomura turned bullish on the golden arches last week, 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 mark the start of a reversal. Shares have closed higher in each of the past 4 days and are now looking at a technical breakout. 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 just made a bullish crossover this morning, signaling increasing positive momentum.


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