StockTwits July 2017 Power Rankings: 10 Stocks You Have To Watch
Here are the stocks you need to know about this month and why.
Welcome to this month’s edition of the StockTwits Power Rankings. If you don’t know what the Power Rankings are click here. Only 1 stock from last month’s list made the cut. How did that happen? June was a chaotic month for tech stocks and equity markets in general. Several stocks from last month’s list were pummeled and pulled back from their highs. We also noticed a slowdown in interest and conversation around those stocks. But, here’s the thing about this month’s list: the two top spots are occupied by absolutely historic moves.
10. Nike ($NKE ) +11% in June 🆕
Nike kicks-off our Power Rankings after making a explosive move Friday after earnings. At one point after earnings, Nike was up over 10% and it was trading at its highest levels of the year. The entire retail sector has been under intense pressure from Amazon, but maybe this Nike move is the start of a can’t miss recovery in retail.
9. $FDX (FedEx) +12.5% in June 🆕
Fedex 📦 reported earnings this month and beat estimates handily. They are becoming a barometer for the eCommerce boom. $FDX reported net income of $1.02 billion with a 21% increase of revenue to $15.7 billion. Couple that with a beautiful breakout (see the chart below) and you can sign, seal, and deliver them into our June Power Rankings.
8. Ethereum ($ETHUSD) +24% in June 🆕
Some of you were upset with us last month because we added Bitcoin ($BTCUSD) and not Ethereum. Well, this month the situation has changed. Ethereum had a wild month that included a notorious flash crash on the GDAX exchange. It sent Ethereum from over $300 down to .10 cents in just minutes! But even despite that, Ethereum showed strength finishing the month up 28%.
7. Whole Foods Market ($WFM) +20.5% in June 🆕
Amazon acquired Whole Foods for more than $13 billion. What is Bezos going to do with all those avocados 🥑? Whole Foods is now 37% year-to-date and its even trading above the offer price of $42 per share. How does that happen? Some investors are willing to bet that a bidding war starts.
6. Valeant Pharmaceuticals ($VRX) +41% in June 🆕
We all know the story of Valeant. One famous hedge fund manager lost more than $4 billion on it. Today, the stock is loved by shorts who believe the company is going to zero because of debt and an unfixable balance sheet. But there are still some who think the company can turnaround and that a bottom could be in. Well, to all the Valeant bulls, June was your month! Valeant was up 42%!
5. Tesla ($TSLA) +8.33% in June 👎 4
Tesla made it and here they are for a second straight month. However, last month Tesla was our top ranking because of its massive breakout and rise to the America’s most valuable car company. Yes, bigger than Ford and General Motors. This month, Tesla had their annual shareholder meeting where they discussed future plans for cars, chargers, factories, and more. Here are the 4 most important things they discussed presented by the StockTwits MoneyBadger.
4. Alibaba ($BABA) +14% in June 🆕
Alibaba was responsible for one of the biggest earnings spikes of the month. They crushed earnings and added $43 BILLION to their market cap. Today, the stock is flirting with its all-time highs and up 61% year-to-date. This one move says everything about the the rise of eCommerce in China.
3. Clovis Oncology ($CLVS) +79% in June 🆕
We’re not sure anyone could have seen Clovis Oncology 💉 appearing on this list. Clovis surged over 40% after receiving approval for their Rubraca cancer therapy drug. We all know how wild these biotech stocks can move, but Clovis is now a major player in quest to find a cancer cure. If you were buying this stock prior to the results being announced, here’s our reaction:
2. Oracle ($ORCL) +10.8% in June 🆕
This is where our Power Rankings get really good. Especially if you a grizzled market veteran who’s been around for 20+ years. Oracle is the second stock on this month’s Power Rankings because it just did something historic. Let’s say you owned Oracle 20 years, at the peak of the Dot Com Bubble, and you held this entire time. It took until June 2017 to get back to those 20-year highs and break them! Oracle had a huge earnings beat this month. Reporting $3.23 billion in net income ($0.76 per share), and on revenue of $10.89 billion.
1. Citigroup ($C) +9% in June 🆕
Like Oracle, which finally cleared its highs from the Dot Com Bubble, Citi also did something historic. Today, it trades at its highest levels since the Financial Crisis. Between Oracle and Citi, these two stocks have almost fully recovered from two of the worst crises in history. The chart below comes @jdmarkman who saw the breakout happen in real-time. We conclude July’s Power Rankings saying this: you need to be watching bank stocks. If Citi is able to pull this off, how will other banks start performing?
WHAT STOCKS WERE CUT FROM THE LIST LAST MONTH?
$SHOP, $NFLX, $GLYC, $EA, $BBRY, $PBYI, $AMZN, $BTCUSD
WHAT STOCKS ALMOST MADE THIS MONTH’S LIST?
$AVAV, $CELG, $REGN, $WTW, $CHK
WHAT’S WRONG WITH THIS MONTH’S LIST?
Don’t forget to tell us in the comments below if you agree/disagree with our rankings. Who do you think will make the August list? What stock needs to get removed? A great call might just get you some free swag from our StockTwits Store!
WHAT TO WATCH NEXT!
Don’t miss another post and follow us here on Medium @StockTwits. Press the blue heart below if you really liked this post or highlight your favorite parts. We also have a newsletter for anyone interested in getting daily updates about the stock market.
The Power Rankings are curated by Stefan Cheplick (follow him on StockTwits) and Michael Bozzello (follow him on StockTwits).
