I Know First Review: March 15 2014

April 9, 2014

The stocks selected here are the top performing stocks from I Know First: Daily Market Forecast’s December 15 2013 Best Tech Stocks titled Best Tech Stocks: 61.05% Gain In 90 Days. The I Know First Average return was 16.16%.

Click For Full Story

Learn how to read the predictions: Instructions

Learn how to strategize with the forecast: Algorithmic Trading Strategies

Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.

On the forecast day, Priceline (PCLN) had a long signal of 15.05 and a predictability of 0.37. In accordance with the algorithm, Priceline returned 8.25% over the time-horizon. The world’s number one accommodation website has made many acquisitions over the years that have contributed to the $70 billion market cap. The most recent deal is a small Israeli start up called Qlika with a small price tag between $15 million and $20 million. This small company only has 10 employees but all of which have master’s degrees in areas such as mathematics and physics. Qlika is on a cutting-edge category of “micro-location” ad campaigns. According to the company’s website, “Qlika is the only platform that empowers you to manage & optimize millions of micro-campaigns without expanding your existing marketing team.” The company claims that its technology can double or even quadruple performance, in terms of clicks, leads or profits. Assuming that’s true, the acquisition could be great news for Priceline. The company is one of the world’s largest buyers of online ads, so even a small increase in performance can make a huge difference.
Read our detailed assessment: Book Your Investment With Priceline

Thanks to record deliveries of roughly 6,900 Model S vehicles, a delivery rate which is expected to continue rising over the next few years, Tesla Motor’s (TSLA) latest quarter produced another jump in its share price. The company expects to complete 35,000 deliveries of the Model S sedan in 2014. This will require production to increase to 1,000 cars per week from the latest report of 600 cars per week. In order to satisfy demand, Tesla announced the construction of the world’s largest battery "Gigafactory" as the Model X should receive even more demand than the Model S. The Model X already has over 10,000 orders. However, New Jersey has just joined a few states that have banned direct sales from Tesla. In accordance with the algorithm Tesla returned 61.05%. The company had a signal of 10 and a predictability of 0.22.
Read our detailed assessment: Bullish Algorithmic Forecast For Tesla, But Is Now The Time To Buy?

Blackberry (BBRY) has gone through some tough times, missed trends and has been dealing with declining market share. However even so, the company has returned 53.13% as the algorithm predicted. The signal for BBRY was 3.31 and the predictability was 0.25.
Read our detailed assessment: BlackBerry’s Despondent Fight To Stay Relevant

Micron Technology Inc. (MU) has just closed a deal with Inotera Memories Inc. Inotera is a maker of DRAM memory and with the deal comes the prospect of MU approaching newer markets with its Taiwanese counterpart, thus achieving a larger market share. MU had an excellent year last year growing around 250% in 2013. Micron Technology had a signal of 1.65 and predictability of 0.22. In accordance with the algorithm the company returned 3.81%.

"Going forward, it’s a mobile-first, cloud-first world," said Satya Nadella, the newly appointed CEO of Microsoft (MSFT). The company’s cloud services revenue grew more than 100% year-over-year. Customers are embracing Office 365, Azure, and Dynamics CRM Online making long-term commitments to the Microsoft platform. On the forecast date, Microsoft had a signal of 1.27 and a predictability of 0.1. As the system forecasted, MSFT increased 3.51%.
Read our detailed assessment: Why Nadella Will Lead Microsoft In The Right Direction

Netflix (NFLX) shares have risen nearly 400% since the beginning of last year. However, investors should note that Q2 is a seasonally weak period for Netflix. The company routinely posts its lowest subscriber growth totals in the second quarter. As the weather improves in the Northern Hemisphere, people are more likely to spend time outdoors rather than planning binge-watching sessions on Netflix. Two years ago, Netflix explained how this slowdown has become more pronounced as the subscriber base grows. Netflix has told investors in the past that investors should expect that in Q2, new subscribers should decline during this season each year. Strangly enough this was not the case last year, as Netflix added 630,000 domestic subscribers in 2Q13, up from 530,000 net domestic additions in 2Q12. The company attributed this phenomenon to the launching the 4th season of Arrested Development during the quarter. This year, Netflix does not have anything equivalent so do not be alarmed if new subscribers are down during the second quarter this year.
Read our detailed assessment: Netflix Still Has Room To Grow

Google (GOOG) began as a humble project between two graduate students and ended up as the world’s most highly trafficked search engine. Subsequently, Google branched into a myriad of other tech products like mail, maps, music and the Android mobile operating system, which powers the bulk of the world’s smartphones and tablets. Google executive Sundar Pichai took the stage recently announced that Google would soon also introduce a version of its Android mobile OS for wearable devices.

Salesforce.com is the leading provider of on-demand Customer Relationship Management (CRM) software. This software enables organizations to better manage critical operations, such as sales force automation, customer service and support, marketing automation, document management, analytics and custom application development. Subscription fees received by the company from customers for accessing its enterprise cloud computing application service is the primary source of income. The second source is subscription fees generated from customers for providing additional support beyond the standard support. This segment accounted for roughly 94.1% of Salesforce’s 2013 earnings.

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.