Momentum Sectors Carry Into Weekend
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.
Create E-mail AlertRelated Categories
ContributorsMomentum Movers
Stocks Mentioned
-0.05
+0.00Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
