I Know First Review: April 14th 2014

April 17, 2014

The stocks selected here are the top performing stocks from I Know First: Daily Market Forecast’s April 14 2013 Best Tech Stocks titled Top Tech Stocks: 161.87% Gain In 1 Year. The I Know First Average return was 59.42%.

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Alcatel Lucent (ALU) had a signal of 434.28 and a predictability of 0.27. In accordance with the algorithm, ALU’s annual performance was a gain of 161.87%, becoming the largest gainer of the forecast. ALU has been geared itself to fit the needs of the future with the network energy consumption monitoring app. Daily Internet traffic is projected increase 85 times by 2017, compared with traffic in 2010. Such growth of traffic will challenge network operators in terms of costs of running the networks. ALU’s energy monitoring app will help network operators support network growth while keeping costs down. ALU CEO Michel Combes has repositioned the company with his cost-cutting strategy decision to sell non-core assets. Gross margin for the last quarter increased by 400 basis points year-over-year to 34.3%. Alcatel is in a much better position than its rival Cisco (CSCO), which has been struggling since the break of the NSA spying scandal.
Read our detailed assessment: Fundamental Strength And Algorithm Endorse Alcatel-Lucent

SIFY is an integrated Internet, network and electronic commerce services companies in India. The company’s services enable its business and consumers to communicate, transmit and share information, access online content and conduct business remotely using its private data network or the Internet. Sify Technologies Limited (SIFY) had a long signal of 264.28 and a predictability of 0.27. The stock grew 4.12% as predicted by the algorithm.

From the forecast date, Hewlett Packard Company (HPQ) shares rose 60.96% over the forecasted time horizon in accordance with the algorithm. HPQ had a signal of 81.81 and a predictability of 0.26. After plummeting in 2011 and 2012, shares of HPQ have rebounded in the last year and a half. Hewlett Packard’s two essential businesses, printing and enterprise hardware ended the fiscal 2013-year strong. These two businesses account for 70%-75% of Hewlett Packard’s profit. Since bottoming out in November 2012, the company reached a new multiyear high just last week. Historically has been HP’s biggest cash cow; the printing business was a major part of Hewlett Packard’s return to health. Printing revenue slipped 2.6% last year due to deflation for many printer components and supplies, but pretax profit for the printing business segment grew 8.5% year over year and continued at a more modest pace last quarter at 1.2%.
Read our detailed assessment: Hewlett-Packard: Positive Signs In Q1 2014 Results

Micron Technology Inc. (MU) trades at less than seven times estimated 2014 core free cash flow. The semiconductor company delivered revenues of $4.1 billion, 98% higher than the $2.1 billion achieved at this time last year. Micron Technology had a signal of 37.34 and predictability of 0.22. In accordance with the algorithm the company returned 118.78% over the forecasted time horizon.

Yahoo! (YHOO) had a signal of 17.67 and a predictability of 0.28. The stock returned 35.48% as predicated by the algorithm. Yahoo! posted earnings earlier this week on April 15th. In line with analyst projections, non-GAAP revenues increased 1% year over year to $1.1 billion and adjusted earnings stayed flat at $0.38 per share. Display ad sales after traffic acquisition costs (TAC) increased 1.7% from the year-ago period. Search revenue, ex-TAC, climbed 8.7% higher, which was helped by dramatically reduced traffic acquisition expenses. CEO Marissa Mayer expressed that mobile content and traffic is central to Yahoo!’s future. Yahoo! reached 430 million monthly mobile users during the quarter. On April 10th 2014, Yahoo! was one of the Top 10 Stock Picks for the 7-day time horizon and had a corresponding return of 10%, making Yahoo! I Know First’s most recent quick win.

On the forecast date, Microsoft (MSFT) had a signal of 16.3 and a predictability of 0.36. As the system forecasted, MSFT increased 40.08%. Microsoft’s relatively new CEO Satya Nadella is leading with a new approach for the technology conglomerate. The company is offering the Office apps, with full functionality, for free on smartphones including Apple’s (AAPL) iPhone and Google’s Android. On the iPad, users will be limited to viewing documents, unless they pay $99 for an Office 365 subscription (of which Apple gets its 30% cut). The new freemium model approach is willing to sacrifice Windows revenue for the chance to welcome new and old users into its web services ecosystem. Nadella stated at the Office for iPad launch that Microsoft’s goal is to "drive Office 365 everywhere."
Read our detailed assessment: Why Nadella Will Lead Microsoft In The Right Direction

In the Q1 2014 earnings report, Google (GOOG) (GOOGL) reported $4.3 billion in profit for the three months ending March 31, up from $3.7 billion in the same period a year ago but short of the $4.38 billion expected by analysts. Google’s users are increasingly accessing its sites on smartphones, where ads currently provide less revenue than on tablets and desktops. Last summer, the company instituted a series of changes to its ad policy, known as Enhanced Campaigns, to stem the decline in advertising prices that was decreasing profits. Google had a signal of 15.5 and a predictability of 0.23. The stock returned 34.49% as predicated by the algorithm.

Baidu Inc. (BIDU) said on Tuesday the 15th of April, that the company has formally launched its own mobile payment service called ‘Baidu Wallet. China’s most popular search engine’s move comes after its key rivals launched similar products. Baidu as well as its competitors have been aggressively adding new services and buying other companies to ramp up their mobile Internet businesses. The company will post first quarter results after the U.S. market closes on April 24th 2014. On the forecast date, Baidu had a signal of 15.5 and a predictability of 0.26. As predicted by the algorithm, BIDU returned 69.68%.

Check Point Software (CHKP), a provider of network security software, hardware and services is the second biggest firm in the Computer Software-Security Group. The company announced that its network security products offer multiple protections from the Heartbleed vulnerability, providing for the security of customers’ clients, servers and the integrity of their network data. Check Point had a signal of 15.2 and a predictability of .24. The stock grew 41.5% in accordance with the algorithm.
Check Point Software (CHKP), a provider of network security software, hardware and services is the second biggest firm in the Computer Software-Security Group. The company announced that its network security products offer multiple protections from the Heartbleed vulnerability, providing for the security of customers’ clients, servers and the integrity of their network data. Check Point had a signal of 15.2 and a predictability of .24. The stock grew 41.5% in accordance with the algorithm.

Intel Corporation (INTC), a leader in computing innovation, designs and constructs principal technologies that serves as a foundation for the world’s computing devices. Recently, the company has made massive investments in growth opportunities, including acquisitions. In the past nine months, Intel has completed nine acquisitions qualifying as business combinations for amassed net cash count of $882 million. In accordance with the algorithm, Intel grew 27.26% over the forecasted time horizon. INTC had a signal of 14.9 and a predictability of 0.26.

Selected stocks mentioned from this forecast are not an endorsement for making trading decisions with these assets currently. Please make trading decisions only with the most recent forecast.

Business Disclosure: I Know First Research is the analytic branch of I Know First, a financial startup company that specializes in quantitatively predicting the stock market. This article was written by Joshua Martin one of our interns. We did not receive compensation for this article, and we have no business relationship with any company whose stock is mentioned in this article.