Each week Forcerank runs a variety of games covering different industries. What we have found, is that the highest ranked companies in their respective games deliver the biggest positive price movement for that week. This week the winners include popular names like Apple and JPMorgan Chase and some lesser known ones such as Workday. Â
JetBlue Airways (JBLU) | Airlines: JetBlue was the only winner in the airline contest last week. Shares of the airliner were up 7.6% while the rest of the participants in the contest were all in the red. At the end of the week, Imperial Capital initiated coverage on the company with an outperform rating and $21 price target.  The company’s frequent discounts and promotional sales have helped drive traffic gains and curtailed  PRASM losses. This week, JetBlue announced one of the largest renewable jet fuel agreements in aviation history. The company will begin burning renewable biofuel mix on some of its flights within the NYC area. The move puts JetBlue ahead of the  looming restrictions that are likely to cripple the airline industry.
JPMorgan Chase (JPM) | Financials: This is a big week for all the banks that anxiously await the Fed’s decision on whether or not to raise interest rates. A rate hike will provide them with a much-needed boost to interest income that had otherwise suffered.  JPM has been one of the few banks that have remained resilient through the decade-long period of low-interest rates. With a rate hike unlikely happening in September or even November, banks will be listening for any indication of a December hike. Comments from the meeting this week will largely dictate how JPM performs the rest of the year. Shares are up 0.5% in trading this week and should continue to perform better than its 50 days moving average.
Fitbit (FIT) | Most Heavily Shorted:Â Formerly beaten down Fitbit is on a tear only rivaled by GoPro. The two companies had been crushed since their 2015 IPOs, only recently showing new signs of life. Shares of Fitbit were up nearly 11% last week and about flat in trading this week. This comes following a better than expected second quarter thanks to the runaway success of its newest products; Fitbit Blaze and Alta. Both devices have investors believing that the best is yet to come. The company ended last week with a bullish crossover in the MACD while shares are on the verge of eclipsing its 200-day average.
