Best Short Term Stocks Based On Machine Learning: Up To 10.96% Return Over 3 Days

Best Short Term Stocks

This forecast is part of the “Top 10 Stock Picks” package, as one of I Know First’s algorithmic trading tools. The full Top 10 Stock Picks forecast includes a daily predictions for a total of 20 stocks with bullish and bearish signals:

  • top ten stocks picks to long
  • top ten stocks picks to short
  • S&P 500 forecast

Package Name: Top 10 Stocks
Forecast Length: 3 Days (07/26/2015 – 07/29/2015)
I Know First Average: 2.13%

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Best Short Term Stocks

8 of the 10 stocks included in the Top 10 Stocks forecast from 07/26/15 increased in accordance with the algorithm’s prediction for the 3 Days time horizon. The top performing stock was SunPower Corporation (NASDAQ:SPWR) with incredible returns of 10.96%. Oceaneering International, (NYSE:OII) also posted outstanding returns of 5.55% during that time period, offering large returns to investors. Investors using the I Know First service who invested evenly in these stocks would have outperformed the S&P 500 average of 1.39% by 0.74% during the predicted time horizon. 

Shares of SunPower Corporation (NASDAQ:SPWR) have jumped 12% yesterday, after the company reported earnings and guidance that came in ahead of expectations.

There’s a lot of turmoil on the income statement as SunPower transitions to a business model that includes holding projects in its yieldco, 8point3 Energy Partners, so that accounts for the declines in revenue and earnings for the quarter. What investors were focused on, was an increase in full-year EBITDA guidance to $425 million-$475 million, $25 million higher than the previous guidance. Moreover the management expects EBITDA to rise another 20% in 2016 when further growth should kick in from higher manufacturing production.

Algorithmic traders utilize these daily forecasts by the I Know First market prediction system as a tool to enhance portfolio performance, verify their own analysis and act on market opportunities faster. This forecast was sent to current I Know First algorithmic traders.

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