Automotive Stocks Based on Machine Learning: Returns up to 42.24% in 7 Days

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: 7 Days (5/3/2020 – 5/10/2020)
I Know First Average: 7.43%
Automotive Stocks
Automotive Stocks chart

The algorithm correctly predicted 9 out 10 of the suggested trades in the Automotive Stock Forecast Package for this 7 Days forecast. AXL was the highest-earning trade with a return of 42.24% in 7 Days. MGA and AN followed with returns of 7.18% and 6.86% for the 7 Days period. The Automotive Stock Forecast package had an overall average return of 7.43%, providing investors with a premium of 3.93% over the S&P 500’s return of 3.5%.

American Axle & Manufacturing Holdings, Inc. (AXL), together with its subsidiaries, designs, engineers, validates, and manufactures driveline and drivetrain systems, and related components and chassis modules for the automotive industry in the United States, Canada, Mexico, South America, Asia, Europe, and internationally. It offers axles, driveheads, chassis modules, driveshafts, power transfer units, transfer cases, chassis and steering components, transmission parts, electric drive systems, and metal-formed products that transfer power from the transmission to the drive wheels. The company offers its products for light trucks, sport utility vehicles, passenger cars, and crossover and commercial vehicles. American Axle & Manufacturing Holdings, Inc. (AXL) was founded in 1994 and is headquartered in Detroit, Michigan.

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.