Best Basic Materials Stocks Based on Algo Trading: Returns up to 7.17% in 14 Days

Best Basic Materials Stocks

This Basic Industry forecast is designed for investors and analysts who need daily stock market predictions of the best-performing stocks for the whole Basic Industry (see Basic Industry Stocks Package). It includes the 20 best basic materials stocks  to buy based on artificial intelligence:

  • Top 10 Basic Industry stocks for the long position
  • Top 10 Basic Industry stocks for the short position

Stock Market Prediction Algorithm
Package Name: Basic Industry Forecast
Recommended Positions: Long
Forecast Length: 14 Days (12/22/21 – 1/5/22)
I Know First Average: 2.4%
Best Basic Materials Stocks
Best Basic Materials Stocks chart

During the 14 Days forecasted period several picks in the Basic Industry Forecast Package saw significant returns. The algorithm had correctly predicted 7 out of 10 returns. NX was the highest-earning trade with a return of 7.17% in 14 Days. The suggested trades for PATK and DNOW also had notable 14 Days yields of 6.46% and 6.07%, respectively. The package had an overall average return of 2.4%, providing investors with a 1.30% premium over the S&P 500’s return of 1.1% during the period.

Quanex Building Products Corporation (NX), together with its subsidiaries, provides components for the window and door industry worldwide. The company operates through two segments, Engineered Products and International Extrusion. It offers flexible insulating glass spacers; extruded vinyl profiles; window and door screens; and precision-formed metal and wood products, as well as solar panel sealants, wood flooring, trim moldings, plastic decking, fencing, water retention barriers, hardware, and conservatory roof components. The company sells its products to original equipment manufacturers in the residential new construction, and residential remodeling and replacement markets through sales representatives, direct sales force, distributors, and independent sales agents. Quanex Building Products Corporation (NX) is headquartered in Houston, Texas.

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.