National Bank of Greece (NBG)

On Monday March 10th 2014, I Know First made National Bank of Greece (NBG) the number one stock pick. The algorithm’s output indicated very strong signal and a fair predictability. In accordance with the algorithm, the stocks performance for that day was 12.66% closing at $5.43. 

Trading volume of the stock was 9,578,128 million shares with the average volume remaining at 2.89 million shares. NBG is a Greece-based financial institution that provides a range of financial services including retail and commercial banking, asset management, brokerage, investment banking, insurance and real estate at a global level. Traders reacted to Deutsche Bank’s (DB) coverage of NBG at a Buy rating and EUR4.50 price target of approximately $6.25 due to recovery signs in the fundamentals of the Greek banking sector.

VeriFone Systems (PAY)

Yesterday on Wednesday March 12^th 2014, VeriFone Systems (PAY) jumped as much as 13% after reporting strong first quarter results as the algorithm predicted. CEO Paul Galant said he was "pleased" with the results.

The company commenced some new initiatives during the quarter, including taxi-top advertising displays in New York City and a mobile ECR solution in Turkey.  Revenue improved 2% to $437 million, ahead of estimates of $429 million, while adjusted earnings per share of $0.31 beat expectations of $0.27.  

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily.  While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.

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