Energy Stocks: Up To 10.51% Return In 3 Days

Energy Stock

This Best Energy Stocks forecast is designed for investors and analysts who need predictions of the best performing stocks for the whole Energy Industry (See Industry Package). It includes 20 stocks with bullish and bearish signals and indicates the best tech stocks to buy:

  • Top 10 energy stocks for the long position
  • Top 10 energy stocks for the short position

Package Name: Energy Stocks
Recommended Positions: Long
Forecast Length: 3 Days (7/26/15 – 7/29/15)
I Know First Average: 2.81%

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energy stocks

Chesapeake Energy Corporation (CHK) increased 10.51% in just 3 days, the top performing stock in the Energy Stocks forecast for that time period. Another top performing stock was Enbridge Energy Partners (EEP) which had an outstanding return of 8.04%, with nine of the ten stocks increasing in accordance with the algorithm’s prediction. Other stocks Devon Energy Corporation (DVN) and Occidental Petroleum Corporation (OXY) also offered decent returns of 3.60% and 3.57% to investors, which are made even more impressive considering the short time frame of the prediction. The average return of the forecast was 2.81%, which is twice as much as the S&P 500 return of 1.39% during the same time horizon.

Chesapeake Energy Corporation has rebounded after falling 48% since May due to the falling price of oil. Recovering oil prices played a part in the stock’s surge, but an upgrade in the stock from an analyst at SunTrust was most likely the main cause. The upgrade pointed out the possibility of the sale of more of the company’s assets to support activity during the current year, and did not count out the potential of a buyout of the entire company in the depressed oil market.

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