Currency Predictions Based on Artificial Intelligence: 83.33% Hit Ratio in 7 Days

curency 165 Package Name: Currencies
Forecast Length: 7 Days (04/23/2018 - 04/30/2018)
I Know First Hit Ratio: 83.33%

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Currency Predictions

Apple Stock Forecast: There’s A $100 Billion Reason To Stay Long Apple

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology  – Senior Analyst at I Know First.

Apple Stock Forecast: There's A $100 Billion Reason To Stay Long Apple

Summary:

  • Staying long AAPL is safe and smart. Apple has tons of cash and the revenue from its Services segment is growing.
  • Apple has allocated $100 billion to share repurchase. With this massive budget for share buyback, AAPL is likely to post a new 52-week high.
  • Apple will also increase its dividend payments by 16%
  • My 12-month PT for Apple stock is $188. The TipRanks-tracked Wall Street analysts have a median 12-month PT of $190.79 for Apple.
  • The iPhone business will remain healthy for many years to come. The very expensive iPhone X remains Apple’s best-selling smartphone this year.

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Stock Forecast: Chipotle (CMG) Stock Surges After Beating Earnings and Announcing Stock Buyback

  This article was written by Esther Hanon, a Financial Analyst at I Know First.  

[Source: REUTERS/Carlos Barria/File Photo, May 1, 2018]

Stock Forecast: Chipotle (CMG) Stock Surges After Beating Earnings and Announcing Stock Buyback:

"Job number one is to remind people why they love Chipotle. I think there [are] opportunities to use what we have and present it in new forms, new varieties, to get people re-engaged with what they love about Chipotle. There is an opportunity to bring in new flavors as well. One thing that's great is we got carnitas and chicken that people absolutely crave."

-- CEO Brian Niccol

Summary:

  • Shares of Chipotle Mexican Grill, Inc. have been on a post-earnings tear. While customer traffic trends have been weak ever since Chipotle's late-2015 E. coli outbreak, the company's profit margin came in well ahead of the company's plan for last quarter.
  • Chipotle reported earnings on Wednesday April 25, which sent the stock into orbit. Earnings blew past expectations, coming in at $2.13 per shares compared to consensus of $1.60 per share. Revenues were $1.15 billion, which were only in-line with analyst expectations.
  • Chipotle stock has added some 87 points, or 25%, since reporting earnings. While a move higher was undoubtedly warranted, the massive move higher has reached an extreme -- both on a fundamental and technical basis.
  • Chipotle Mexican Grill Inc. and DoorDash have partnered to make delivery service available at its more than 1,500 restaurants nationwide.
  • Chipotle is up nearly 48% for the year so far while the S&P 500 index is down 0.1% for the period.
  • CMG is increasing its buyback program by another $100 million. As of March 31, Chipotle had about $50.2 million available for repurchases from its previous buyback program, which had about $118 million at the end of last year.

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