I Know First Review: May 14th 2014

May 22, 2014

The stocks selected here are the top performing stocks from I Know First: Daily Market Forecast’s April 30th Aggressive Stocks Forecast titled Top Stocks To Buy Based On Algorithms: 45.71% Gain In 14 Days. The I Know First Average return was 4.29% versus the S&P 500’s return of 0.54% over the same time period.

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On May 14th 2014, Uranium Energy Corp. (UEC) was the number one stock pick for this time horizon and largest gainer of this forecast. In accordance with the algorithm, UEC gained 45.71% in two weeks. The stock had a very strong signal for this time horizon of 36.32 and a predictability of 0.28, displaying tremendous confidence from the algorithm. The move came on solid volume too with far more shares changing hands than in a normal session and ended the last trading day at $1.61.

As predicted by the self-learning algorithm, Cliff Natural Resources (CLF) returned 1.42% over the given time horizon. CLF had a signal of 33.23 and predictability of 0.15. The company announced a quarterly dividend last Wednesday of 0.15 per share on June 3rd 2014 representing a dividend yield of 3.37%.

Under Armour Inc. (UA) grew its running shoe and apparel markets 25% each in April. The Baltimore sportswear maker had an 18% share of the apparel market last month, up from 14.7% behind Nike (NKE), which has a 31% market share. Under Armour shares increased 0.32%, in accordance with the algorithm. UA had a signal of 25.89 and a predictability of 0.22.

As predicted by the algorithm, Apollo Education Group Inc (APOL) rose 3.31% in the 2-week time horizon. APOL had a signal of 15.07 and a predictability of 0.1. A class action suit has been filed against the company for allegedly making false and misleading statements regarding its business, operational and compliance policies.

McKesson Corporation (MCK) shares increased 5.78%, in accordance with the algorithm. The provider of pharmaceuticals, medical supplies and healthcare information technologies posted an adjusted profit of $2.55 per share for the fourth quarter beating the consensus of $2.40 per share. While analysts expected revenue to come in at $35.86 billion, actual revenue beat outlooks at $38.14 billion.

Chipotle Mexican Grill, Inc. (CMG) was a top stock pick in this forecast returning 2.59% in accordance with the algorithm. The fast casual restaurant had a signal of 11.21 and a predictability of 0.08. Chipotle has traded with a P/E range of 21.88 to 62.84 while averaging 41.16. Today, Wall Street is paying 46.76 times earnings, a little above the norm. During the same time frame, the bottom line grew and average of 25.5%, which means investors have been willing to pay a premium above earnings growth. In 2015, EPS are slated to increase by 27.2%, pretty much in-line with the last half decade.

As predicted by the algorithm, VeriFone Systems, Inc. (PAY) increased 6.29% in accordance with the algorithm. PAY had a signal of 10.43 and predictability of 0.14. Shares jumped after Apple (AAPL) decided to use the company’s technology to improve the security of Apple’s mobile point-of-sale (mPOS) checkout system in U.S. retail stores. Verifone’s mPOS shell will surround Apple’s iPhone 5 and provide added credit card information security.

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 Josh Martin one of our analysts. We did not receive compensation for this article, and we have no business relationship with any company whose stock is mentioned in this article.