Apple Inc. (AAPL) had another incredibly strong quarter following its record breaking first quarter, when the company had profits of $18 billion. Profits this quarter weren’t nearly as high, as the first quarter includes holiday sales causes it to always be the best performing quarter. But profits did increase 33% when compared year-over-year, an astonishing amount, as the company had its best ever March quarter results. Revenue was up 27% and earnings per share were up 40%, which indicate that the company’s margins improved while it repurchased shares. Taken altogether, CEO Tim Cook put it best when he declared that it was hard to find anything not to like in the numbers. Algorithmic Predictions For 2Q Compared To Results I Know First has written numerous bullish articles during the second quarter, arguing that the company would continue to perform well and the stock price would climb even higher. The first article was written after the first quarter earnings report. In it, I argued that the stock price had more room to increase, especially because of the success Apple was having in China. Another article, written on February 25th, focused on how demand for the iPhone would remain high even though Apple sold a record 74.5 million units in the first quarter. A third article was a preview for the earnings report, and reiterated that iPhone sales would perform better in the second quarter compared to previous years because most of the sales so far had been converting users of other devices, and that Apple would continue this trend in the coming quarter. The stock price has continuously climbed during the previous quarter as the articles predicted, increasing over 15%.
Tesla Motors Inc. (TSLA) is known as an electric car company. Its stock price had suffered since reaching an all time high in September 2014, falling more than 34% just a month ago. Concerns over the company’s success in China, along with the affordability and marketability of the car, made investors unsure whether the innovative company deserved the high valuation it had at the time. I Know First Algorithmic Prediction Since then, the stock price has recovered, as I Know First predicted it would in an article that you can read here. The article argued that the stock price would climb in 2015, as the poor results in China were overblown and would be addressed. Further, demand for the Model S still outweighed supply, which Tesla was addressing with its “gigafactory” being built in Nevada. An announcement coming up on Thursday, where Tesla will introduce a new product that will add value to the company, and the prospect of improved operations in China mean the stock price will continue to climb higher.
First Solar, Inc. was a top stock pick based on predictive algorithm recommended to I Know First subscribers on January 25th for the 3-Month time horizon. FSRL had a signal of 134.85 and a predictability of 0.52. In accordance with the algorithm, the company reported short-term capital gains of 49.11%. First Solar, Inc. was part of the stock forecast that can be found in the “Top 10 Stocks” Package. The full Top 10 Stocks forecast includes a daily prediction for a total of 20 stocks with bullish and bearish signals:
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