Best S&P 500 Stock Picks Based on Deep-Learning: Returns up to 10.61% in 1 Month

September 29, 2024

Best S&P 500 Stock Picks

This Best S&P 500 Stock Picks 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 stocks 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

sp500
Package Name: Top S&P 500 Stocks
Recommended Positions: Long
Forecast Length: 1 Month (8/29/24 – 9/29/24)
I Know First Average: 5.1%
Best S&P 500 Stock Picks
Best S&P 500 Stock Picks chart

In this 1 Month forecast for the Top S&P 500 Stocks Package, there were many high performing trades and the algorithm correctly predicted 8 out of 10 trades. The top-performing prediction in this forecast was BX, which registered a return of 10.61%. The suggested trades for PYPL and SWK also had notable 1 Month yields of 10.58% and 9.52%, respectively. The package had an overall average return of 5.1%, providing investors with a premium of 2.49% over the S&P 500’s return of 2.61% during the same period.

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.

Top S&P 500 Stocks