Best S&P 500 Stock Picks Based on Deep-Learning: Returns up to 9.18% in 7 Days

Best S&P 500 Stock Picks

This top 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

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Package Name: Top S&P 500 Stocks
Recommended Positions: Long
Forecast Length: 7 Days (6/25/2020 – 7/2/2020)
I Know First Average: 4.26%
Best S&P 500 Stock Picks
Best S&P 500 Stock Picks chart

During the 7 Days forecasted period several picks in the Top S&P 500 Stocks Package saw significant returns. The algorithm had correctly predicted 9 out 10 returns. The top performing prediction from this package was ABMD with a return of 9.18%. ALGN, and CNP had notable returns of 8.65% and 6.17%. The package saw an overall yield of 4.26% versus the S&P 500’s return of 2.61% implying a market premium of 1.65%.

ABIOMED, Inc. engages in the research, development, and sale of medical devices to assist or replace the pumping function of the failing heart. It also provides continuum of care to heart failure patients.

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.