Automotive Stocks Based on AI: Returns up to 51.54% in 3 Months

Automotive Stocks

This Automotive Stocks forecast is designed for investors and analysts who need predictions of the best-performing stocks in the automotive industry (see Automotive Stocks Package). It includes 20 stocks with bullish and bearish signals and indicates the best auto stocks to trade:

  • Top 10 Automotive stocks for the long position
  • Top 10 Automotive stocks for the short position

Package Name: Automotive Stock Forecast
Recommended Positions: Long
Forecast Length: 3 Months (8/9/2020 – 11/10/2020)
I Know First Average: 25.49%
Automotive Stocks
Automotive Stocks chart

During the 3 Months forecasted period several picks in the Automotive Stock Forecast Package saw significant returns. The algorithm had correctly predicted 10 out 10 returns. The prediction with the highest return was MOD, at 51.54%. WNC and FCAU followed with returns of 40.59% and 30.85% for the 3 Months period. This algorithmic forecast package presented an overall return of 25.49% versus S&P 500’s performance of 5.8% providing a market premium of 19.69%.

Modine Manufacturing Company (MOD) develops, manufactures, and markets heat exchangers and systems for use in on-highway and off-highway original equipment manufacturer (OEM) vehicular applications, and to various building, industrial, and refrigeration markets worldwide. The company operates through Americas, Europe, Asia, and Building HVAC segments. It offers powertrain cooling products, such as engine cooling modules, radiators, charge air coolers, condensers, oil coolers, fan shrouds, and surge tanks; on-engine cooling products consisting of exhaust gas recirculation coolers, engine oil coolers, fuel coolers, charge air coolers, and intake air coolers; and auxiliary coolers, such as transmission and retarder oil coolers, and power steering coolers, as well as component assemblies, radiators, and battery cooling products. The company also provides gas-fired, hydronic, electric, and oil-fired unit heaters; indoor and outdoor duct furnaces; infrared units; hydronic products consisting of commercial fin-tube radiation, cabinet unit heaters, and convectors; roof mounted direct- and indirect-fired makeup air units; commercial packaged rooftop ventilation units; unit ventilators; single packaged vertical units; geothermal and water-source heat pumps; precision air conditioning units for data center applications; air-handling units; chillers; ceiling cassettes; and condensing units. It serves automobile, truck, bus, specialty vehicle, agricultural, industrial, construction equipment, and heating, ventilation, and cooling OEMs; construction architects and contractors; wholesalers of heating equipment; mining equipment and engine manufacturers; industrial manufacturers of material handling equipment, generator sets, and compressors; mechanical contractors; HVAC wholesalers; installers; and end users in commercial and industrial applications. The company also exports its products. Modine Manufacturing Company (MOD) was founded in 1916 and is headquartered in Racine, Wisconsin.

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 subscribers.

How to interpret this diagram

Algorithmic Stock Forecast: The table on the left is a stock forecast produced by I Know First’s algorithm. Each day, subscribers receive forecasts for six different time horizons. Note that the top 10 stocks in the 1-month forecast may be different than those in the 1-year forecast. In the included table, only the relevant stocks have been included. The boxes are arranged according to their respective signal and predictability values (see below for detailed definitions). A green box represents a positive forecast, suggesting a long position, while a red represents a negative forecast, suggesting a short position.

Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.