Best Basic Materials Stocks Based on Algo Trading: Returns up to 8.49% in 3 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 Materials Industry (see Basic Industry Stocks Package). It includes 20 stocks with bullish and bearish signals and indicates the best basic industry 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: 3 days (7/12/2019 – 7/16/2019)
I Know First Average: 1.73%
Best Basic Materials Stocks
Best Basic Materials Stocks chart

For this 3 days forecast the algorithm had successfully predicted 7 out of 10 movements. The top-performing prediction in this forecast was MNTX, which registered a return of 8.49%. The suggested trades for ICFI and HURN also had notable 3 days yields of 2.5% and 2.43%, respectively.

Manitex International, Inc., incorporated on October 17, 2003, is a provider of engineered specialty lifting and loading products. The Company operates in three business segments: the Lifting Equipment segment, the A.S.V., LLC (ASV) segment and the Equipment Distribution segment. Through its Lifting Equipment segment, the Company designs, manufactures and distributes a diverse group of products that serve various functions and are used in a range of industries. In the ASV segment, the Company manufactures a line of compact rubber tracked loaders (CTLs) and skid steer loaders (SSLs). In the Equipment Distribution segment, the Company markets products used primarily for infrastructure development and commercial construction applications that include road and bridge construction, general contracting, roofing, scrap handling, and sign construction and maintenance.

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.