Best Basic Materials Stocks Based on Data Mining: Returns up to 6.4% 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 (11/22/2019 – 11/26/2019)
I Know First Average: 3.44%
Best Basic Materials Stocks
Best Basic Materials Stocks chart

10 out of 10 stock prices in this forecast for the Basic Industry Forecast Package moved as predicted by the algorithm. The top-performing prediction in this forecast was PATK, which registered a return of 6.4%. Further notable returns came from CWST and GPX at 6.19% and 4.6%, respectively. The package had an overall average return of 3.44%, providing investors with a 2.25% premium over the S&P 500’s return of 1.19% during the period.

Patrick Industries, Inc. (Patrick), incorporated on January 3, 1961, is a manufacturer of component products and distributor of building products and materials for the recreational vehicle (RV) and manufactured housing (MH) industrial markets for customers throughout the United States and Canada. In addition, the Company is a supplier to certain other industrial markets, such as kitchen cabinet, office and household furniture, fixtures and commercial furnishings, marine, and other industrial markets. The Company operates in two segments: Manufacturing and Distribution. The Company manufactures a range of products, which include decorative vinyl and paper laminated panels, solid surface, granite and quartz countertops, fabricated aluminum products, wrapped vinyl, paper and hardwood profile mouldings, slide-out trim and fascia, cabinet doors and components, hardwood furniture, fiberglass bath fixtures, fiberglass and plastic component products including front and rear caps and marine helms, softwoods lumber, interior passage doors, RV painting, and slotwall panels and components, among others. As of December 31, 2016, the Company maintained 56 manufacturing plants and 22 warehouse and distribution facilities in 16 states.

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.