Three Stocks To Consider: Netflix, Inc. (NFLX), Under Armour Inc (UA), 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 Netflix, Inc. (NASDAQ:NFLX), Under Armour Inc (NYSE:UA) and McDonald’s Corporation (NYSE:MCD).
Netflix sits in the second spot of this week’s ecommerce contest, just behind retail giant Amazon. 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 Inc
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 indicative of a low $40 share price.
Shares are trading higher 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.