Stock Recommendations: Returns of up to 15.57% in 7 Days
Stock Recommendations
This Best Tech Stocks forecast is designed for investors and analysts who need predictions of the best performing stocks for the whole Technology Industry (See Industry Package). It includes 20 stocks with bullish and bearish signals and indicates the best tech stocks to buy:
- Top 10 tech stocks for the long position
- Top 10 tech stocks for the short position
Package Name: Tech Stocks
Forecast Length: 7 Days (07/26/15 – 08/02/15)
I Know First Average: 3.46%
In the recent 07/26/15 forecast that was part of the Tech Stocks package, eight of the ten stocks for the long position increased in accordance with the algorithm’s prediction. The top performing stock for the long position was AMD with a spectacular return of 15.57%, while STV and CSUN also had phenomenal returns of 6.85% and 6.58%. The average return was 3.46%, which is three times greater than the S&P 500 return of 1.16% during the same time period.
Advanced Micro Devices, Inc. (NASDAQ:AMD) is a global semiconductor company with facilities across the world; the company had a signal strength of 17.38 and a predictability indicator of 0.37. In accordance with the algorithm’s prediction, the stock price increased by 15.57%.
Once a plucky competitor, AMD is now struggling to expand into new growth markets and even if in the last 7 days the stock has known a huge increase, in the past it has repeatedly fallen short of Wall Street’s expectations.
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.
