Best Short Term Stocks

This Bank Stocks forecast is designed for investors and analysts who need predictions of the best performing stocks for a specific industry: Best Bank Stocks. It includes 20 stocks with bullish and bearish signals and indicates the best bank stocks to buy:

• Top 10 bank stocks for the long position
• Top 10 bank stocks for the short position

Package Name: Bank Stocks
Recommended Positions: Long
Forecast Length: 3 Days (01/26/16 – 01/29/16)
I Know First Average: 8.88%

The algorithm correctly predicted 10 out of 10 stocks to increase for the long position in the 3-day time horizon for the Top Bank Stocks package this week. FBP outperformed other stocks with an impressive 25.00% increase in just those 3 days. Following FBP were HTLF, FCH, and CPF with returns of 13.34%, 11.72%, and 10.03% respectively. The overall average for this I Know First package was 8.88%, compared to the S&P 500 return of 3.36%.

First BanCorp. (FBP) is the bank holding company for FirstBank Puerto Rica. They provide a range of financial products and services to various retail, commercial and institutional clients. The company just released their quarterly earnings report for the last quarter of 2015, revealing a slight increase in revenue from the previous quarter. 2015 was a busy year for First BanCorp. and CEO, Aurelio Alemán, has said that their management team is dedicated to improving franchise metrics to boost share prices.

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 algorithmic traders.

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Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.