BGC Stock – Quick Win: 24.24% Gain In 3 Months

BGC Stock

General Cable Corporation (BGC) was a top stock pick based on predictive algorithm recommended to I Know First subscribers on March 27th for the 3-Month time horizon. BGC had a signal of 10.69 and a predictability of -0.12. In accordance with the algorithm, the company reported short-term capital gains of 24.24%.

General Cable Corporation was part of the stock forecast that can be found in the “Dividend Stocks” Package.

The full Dividend Stocks Package includes a daily forecast for a total of 20 stocks with bullish and bearish signals:

  • 10 best dividend stocks to long
  • 10 best dividend stocks to short

BGC stock

General Cable Corporation (BGC) is one of the largest cable and wire producers in the world.  In addition to manufacturing aluminum, copper, and fiber optic wire and cable, they offer systems solutions for the energy, construction, industrial, communications, and specialty sectors.

Last October, General Cable announced plans to sell off its interest in joint ventures in Asia Pacific and Africa in an effort to focus on business in North America, Latin America, and Europe. In June of this year, they showed additional progress toward this goal when they announced the sale of interest in operations in Thailand, China, New Zealand, and Australia for an estimated total of $205 million.  The company used income from previous sales of interest in Fiji, China, and the Philippines to reduce outstanding debt.  Therefore, their decrease in cash over the past year matches a corresponding decrease in debt over the same time frame.

General Cable also named Michael T. McDonnell as President, Chief Executive Officer, and member of the Board of Directors in June of this year.  Under new leadership and with an enhanced focus on a smaller number of businesses the company should maximize performance and efficiency, becoming more profitable while doing so.

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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