Best Basic Materials Stocks

This Basic Industry forecast is designed for investors and analysts who need best basic materials stocks predictions of the best-performing stocks for the whole Basic 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

Package Name: Basic Industry Forecast
Recommended Positions: Long
Forecast Length: 14 Days (7/14/21 – 7/28/21)
I Know First Average: 2.29%

Several predictions in this 14 Days forecast saw significant returns. The algorithm had correctly predicted 7 out 10 stock movements. The highest trade return came from CVA, at 7.64%. Other notable stocks were HMHC and PATK with a return of 6.07% and 5.56%. The package’s overall average return was 2.29%, providing investors with a 1.57% premium over the S&P 500’s return of 0.72% during the same period.

Covanta Holding Corporation (CVA), through its subsidiaries, provides waste and energy services to municipal entities primarily in the United States and Canada. The company owns and operates infrastructure for the conversion of waste to energy. It is also involved in related waste transport and disposal, and other renewable energy production businesses. The company disposes waste and generates electricity and/or steam; and sells metal recovered during the energy-from-waste process. It owns and operates 45 energy-from-waste facilities; 11 additional energy generation facilities, including wood biomass and hydroelectric renewable energy production facilities in North America. Covanta Holding Corporation (CVA) also owns and operates 18 transfer stations, 12 environmental services facilities, 1 regional metals recycling facility, and 4 landfills. The company was formerly known as Danielson Holding Corporation and changed its name to Covanta Holding Corporation (CVA) in September 2005. Covanta Holding Corporation was founded in 1960 and is headquartered in Morristown, New Jersey.

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.