Momentum Sectors Carry Into Weekend

November 13, 2009 12:32 PM EST

Over the last week, top sectors have moved higher by nearly 10% -- here are some of the top groups carrying momentum into the weekend.

The Dry Bulk Shipping Stocks Index has shot higher by 9.8% this week. Genco Shipping & Trading (NYSE: GNK) and Diana Shipping (NYSE: DSX) all up over 17% on strong earnings, while Safe Bulkers (NYSE: SB) has ridden the momentum higher by a sector-leading 19%.

Dry bulkers Navios Maritime Holdings (NYSE: NM), Omega Navigation Enterprises (NASDAQ: ONAV), and Steamship Co. Torm A/S (NASDAQ: TRMD) will announce their quarterly performance numbers next week.

The Vehicle Stocks Index is also adding to its weekly gain during today's session. U-Haul parent Amerco (NASDAQ: UHAL) is the Index's top component over the last five days, up by 15%. The company topped the Street's expectations in the third quarter, bringing in $2.14 of earnings per share on $574 million in revenue.

This week's report from Priceline.com (NASDAQ: PCLN) bodes well for car rental stocks Hertz (NYSE: HTZ), Dollar Thrifty Automotive (NYSE: DTG), and Avis Budget Group (NYSE: CAR), all of which are adding more than 2% to their weekly gains today.

As of this writing, tickerspy's top-10 Indexes have added more than 5% over the last week, with individual components posting returns exceeding 40%.

For more on tickerspy's top-performers, and a suite of analytical metrics and research tools, visit tickerspy.com.

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