Short Term Gains: Advanced Micro Devices, Inc. (AMD) Up 15% As Predicted

The I Know First algorithm produces stock picks over six different time horizons, consistently picking winning stocks that produce returns for investors in each time horizon. While longer-term forecasts are generally more accurate, each forecast provides stock picks that make quick gains in the short term. For instance, on April 15th, the algorithm made Advanced Micro Devices, Inc. (AMD) the third top stock pick. In accordance with the algorithm, AMD returned 15% since the forecast date.

AMD had a very strong signal of 26.25. The algorithm also displayed tremendous confidence in this forecast with a predictability of 0.35. The stock jumped because, the company posted better than expected first quarter results. Revenue rose 28% year over year to $1.4 billion. AMD CEO Rory Read stated, "AMD continued our momentum by building on the solid foundation we set in the second half of 2013, further transforming the company."

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.

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