I Know First Reviews: November 20th

The stocks selected here are the top performing tech stocks from I Know First: Daily Market Forecast’s November 15th 2014 Stock Forecast titled Best Tech Stocks Based On Algorithm: Tech Stocks To Buy. This forecast is part of the Tech Stocks Package. The “I Know First Average” return was 15.27% versus the S&P 500’s return of 8.63% over the same time period.

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JinkoSolar

 

 

 

 

 

 

Signal (1 Month): 0.26

Predictability (1 Month): 0.1

Return: 8.28%

JinkoSolar Holding Co., Ltd., together with its subsidiaries, designs, develops, produces, and markets photovoltaic products in the Peoples Republic of China and internationally. The company was founded in 2006 and is based in Shangrao, the Peoples Republic of China. The company had a signal of 0.26 and a predictability of 0.1. In accordance with the algorithm prediction, the stock returned 8.28% in a one-month time horizon. JinkoSolar recently secured $20 million in financing from Wells Fargo to support its U.S. business. They will use the two-year credit agreement for working capital and business operations. The company received 5.9% of its revenue from the U.S. in 2013, up from 2.2% the prior year. JinkoSolar already had a similar agreement from July for $163 million over five years with China Minsheng Banking Corp. to support its operations there, including acquisitions and power project development.

TrinaSolar

 

 

 

 

 

Signal (1 Month): 0.18

Predictability (1 Month): 0.2

Return: 6.34%

Trina Solar Limited operates as an integrated solar-power products manufacturer and solar system developer in the Peoples Republic of China, Europe, the United States, and other Asia Pacific regions. The company was founded in 1997 and is headquartered in Changzhou, the Peoples Republic of China. The company had a signal of 0.18 and a predictability of 0.2. In accordance with the algorithm prediction, the stock returned 6.34% in a one-month time horizon. Solar energy stocks were affected negatively by crude oil prices reaching a four-year low. While this and other factors harmed the stock’s value, the algorithm was still able to correctly predict that it would gain value over the predicted time period.

RFMD

 

 

 

 

Signal (1 Month): 0.14

Predictability (1 Month): 0.16

Return: 42.84%

RF Micro Devices, Inc. is engaged in the design, development, manufacture, and marketing of radio frequency (RF) solutions for original equipment manufacturers and original design manufacturers in wireless and wired communications applications in the United States and internationally. The company was founded in 1991 and is headquartered in Greensboro, North Carolina. The company had a signal of 0.14 and a predictability of 0.16. In accordance with the algorithm prediction, the stock returned 42.84% in a one-month time horizon. The company’s stock received a boost when TriQuint Semiconductor beat Wall Street’s expectations with their third quarter results. RF Micro Devices has plans to purchase TriQuint for $1.59 billion, with the deal expected to close later this year.

WebMD

 

 

 

 

Signal (1 Month): 0.13

Predictability (1 Month): 0.18

Return: 10.74%

WebMD Health Corp. provides health information services to consumers, physicians and other healthcare professionals, employers, and health plans through its public and private online portals, mobile platforms, and health-focused publications in the United States. The company is headquartered in New York, New York. The company had a signal of 0.13 and a predictability of 0.18. In accordance with the algorithm prediction, the stock returned 10.74% in a one-month time horizon. The stock received a boost after a promising third quarter financial report. The company had an increase in revenue of 10% compared to the prior year period, from $130.9 million to $143.5 million.

TQNT

 

 

 

 

Signal (1 Month): 0.13

Predictability (1 Month): 0.17

Return: 43.67%

TriQuint Semiconductor, Inc. provides a portfolio of radio frequency (RF) solutions for mobile device, networks infrastructure, and defense and aerospace markets worldwide. The company was founded in 1981 and is headquartered in Hillsboro, Oregon. The company had a signal of 0.13 and a predictability of 0.17. In accordance with the algorithm prediction, the stock returned 43.67% in a one-month time horizon. The company’s third quarter results beat expectations, as the analysts’ quarterly earnings expectations of 24 cents per diluted share was outdone by 4 cents. Revenue of $272.1 million also topped analysts $261.4 million estimates for the period. The stock is also getting a boost due to the proposed merger with RF Micro Devices, planned to close by the end of the year, which should help achieve stronger fiscal 2016 and fiscal 2017 sales growth than previously estimated.

MicroChip

 

 

 

 

 

Signal (1 Month): 0.12

Predictability (1 Month): 0.17

Return: 13.48%

Microchip Technology Incorporated develops, manufactures, and sells semiconductor products for various embedded control applications. The company was founded in 1989 and is headquartered in Chandler, Arizona. The company had a signal of 0.12 and a predictability of 0.17. In accordance with the algorithm prediction, the stock returned 13.48% in a one-month time horizon. The prediction was made after the value of Microchip’s stock plummeted following a comment from the company’s CEO. After mentioning a decrease in demand from China in semiconductor products, the stock and that of many similar companies dropped. The algorithm was able to predict that the stock had become undervalued, and correctly predicted that the stock would rebound and gain back almost all of that value.
FirstSolar

 

 

 

 

 

 

 

 

Signal (1 Month): 0.12

Predictability (1 Month): 0.12

Return: -6.75%

First Solar, Inc. provides solar energy solutions worldwide. The company was formerly known as First Solar Holdings, Inc. and changed its name to First Solar, Inc. in 2006. First Solar, Inc. was founded in 1999 and is headquartered in Tempe, Arizona.

AMD

 

 

 

 

 

Signal (1 Month): 0.12

Predictability (1 Month): 0.15

Return: -0.38%

Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. It operates in two segments, Computing Solutions and Graphics and Visual Solutions. The company was founded in 1969 and is headquartered in Sunnyvale, California.

Micron

 

 

 

 

Signal (1 Month): 0.12

Predictability (1 Month): 0.17

Return: 19.09%

Micron Technology, Inc., together with its subsidiaries, provides semiconductor solutions worldwide. It operates in four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. The company was founded in 1978 and is headquartered in Boise, Idaho. The company had a signal of 0.12 and a predictability of 0.17. In accordance with the algorithm prediction, the stock returned 19.09% in a one-month time horizon. Micron’s board of directors has authorized the repurchase of shares up to a value of roughly $1 billion. This came soon after Micron spent $389 million in the first-quarter to repay debts and to reduce its outstanding share count, thereby increasing earnings per share and return on equity. The share repurchase program is a good way of encouraging investor confidence.

Sandisk

 

 

 

 

Signal (1 Month): 0.11

Predictability (1 Month): 0.13

Return: 15.35%

SanDisk Corporation designs, develops, manufactures, and markets data storage products that are used in various consumer electronics products. The company was founded in 1988 and is headquartered in Milpitas, California. The company had a signal of 0.11 and a predictability of 0.13. In accordance with the algorithm prediction, the stock returned 15.35% in a one-month time horizon. The stock was boosted by a strong third quarter report, as revenue grew 7% year-over-year to an all time record $1.75 billion for the company. SanDisk’s SSD segment is the company’s strongest segment looking to the future, as it grew 48% year-over-year, driving much of the company’s revenue growth.

 

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. We did not receive compensation for this article, and we have no business relationship with any company whose stock is mentioned in this article. Read More From I Know First Research: