Acorn International is a leading integrated multi-platform marketing company in China, operating China’s largest TV direct sales business in terms of revenues and TV air time and a nationwide off-TV distribution network. The company was given a strongly bullish 14 day rating by the I Know First stock-trading algorithm, on October 30th. Amazingly 14 days after the stock rose by 279.92%.
Omri Elani is a Junior Business Developer & Research Analyst for I Know First. Also a frequent contributor for the investment research website Seeking Alpha.
2015 was a year of mixed outcomes in the finance field. The year started with the Greek debt crisis, which had many world leaders scrambling for ideas on how to resolve the issue. Towards the summer of 2015, the Chinese economy came into play, producing phenomenal growth results however raised skepticism with many, as speculation grew about China's ability to maintain such stunning growth. Commodity prices have also been hit hard in 2015, with the rapid decline in oil prices
I Know First published a bullish forecast on Gilead Sciences, an American biotech company, on Seeking Alpha. Having explained how I Know First’s algorithm works, it is worthwhile to see if the algorithm agrees with the bullish fundamental analysis of the company. The three-month and one-year forecasts for Gilead Sciences are included.
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