Top Tech Stocks To Short: Up To 47.72% Return Over 3 Months

Top Tech Stocks To Short

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: 3 Months (5/25/15 – 8/25/15)
I Know First Average: 21.92% (Short)

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Top Tech Stocks To Short

The algorithm correctly predicted that 9 of the 10 stocks would decrease during the predicted time horizon of 3 months in the tech stocks package forecast from 05/25/2015. The most impressive prediction was for Micron Technology, Inc. (MU), which offered an amazing return of 47.72% during the predicted time horizon to investors who shorted this stock. Other impressive returns were 3D Systems Corporation (DDD) and SanDisk Corporation (SNDK) which fell 45.95% and 30.92%, respectively. The average return from this forecast for investors who equally shorted all 10 stocks was 21.92%, offering a premium to investors over the S&P 500 return of -12.16% during the predicted time horizon.

Investors positively welcomed news from Micron Technology (NASDAQ:MU) that the company had developed, along with Intel Corp. (NASDAQ:INTC), a next-gen memory technology that doesn’t use the traditional transistor architecture. Micron popped 9% on the news, as the new memory claims to be 1,000 times faster than traditional NAND and 10 times denser than current DRAM. While that sounds impressive, a look into the deep details reveals that investors may be getting ahead of themselves, as the technology isn’t likely to drive financial results in the near to medium term and would be ready for the consumer market only in the long term.

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.