Best S&P 500 Stock Picks

This top S&P 500 stocks forecast is designed for investors and analysts who need predictions for the whole S&P 500 (See S&P 500 Companies Package). It includes 20 stock picks with bullish and bearish signals and indicates the best S&P 500 Companies stocks to buy:

• Top 10 S&P 500 stocks for the long position
• Top 10 S&P 500 stocks for the short position

Package Name: Top S&P 500 Stocks
Recommended Positions: Long
Forecast Length: 3 Days (4/28/23 – 5/2/23)
I Know First Average: 1.19%

During the 3 Days forecasted period several picks in the Top S&P 500 Stocks Package saw significant returns. The algorithm has correctly predicted 9 out of 10 returns. ETN was the top performing prediction with a return of 3.14%. The suggested trades for CZR and XRAY also had notable 3 Days yields of 2.7% and 1.79%, respectively. The package had an overall average return of 1.19%, providing investors with a premium of 1.57% over the S&P 500’s return of -0.38% during the same period.

Eaton Corporation plc operates as a power management company worldwide. Its Electrical Products segment offers electrical components, industrial components, residential products, single phase power quality products, emergency lighting, fire detection products, wiring devices, structural support systems, circuit protection products, and lighting products. The company’s Electrical Systems and Services segment provides power distribution and assemblies, three phase power quality products, hazardous duty electrical equipment, explosion-proof instrumentation, utility power distribution products, power reliability equipment, and services. The Hydraulics segment offers a range of power products; controls and sensing products; fluid conveyance products; thermoplastic hoses and tubings, couplings, connectors, and assembly equipment; filtration systems solutions; industrial drum and disc brakes; and golf grips. The Aerospace segment provides hydraulic power generation systems, controls and sensing products, fluid conveyance products, and fuel systems for commercial and military use. The Vehicle segment designs, manufactures, markets, and supplies drivetrain and powertrain systems, and critical components that reduce emissions and enhance fuel economy, stability, performance, and safety of cars, light trucks, and commercial vehicles. It serves the industrial, institutional, governmental, utility, commercial, residential, and information technology markets; oil and gas, renewable energy, marine, agriculture, construction, mining, forestry, utility, material handling, truck and bus, machine tools, molding, primary metals, and power generation markets; manufacturers of commercial and military aircraft, and related after-market customers; and original equipment manufacturers and aftermarket customers of SUVs, CUVs, passenger cars, and agricultural equipment, as well as heavy-, medium-, and light-duty trucks. The company was founded in 1916 and is based in Dublin, Ireland.

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.