Best S&P 500 Stock Picks Based on Machine Learning: Returns up to 54.92% in 1 Month

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: 1 Month (10/23/2020 – 11/24/2020)
I Know First Average: 24.06%
Best S&P 500 Stock Picks
Best S&P 500 Stock Picks chart

During the 1 Month forecasted period several picks in the Top S&P 500 Stocks Package saw significant returns. The algorithm had correctly predicted 10 out 10 returns. The greatest return came from M at 54.92%. KSS and TPR saw outstanding returns of 44.98% and 37.85%. This algorithmic forecast package presented an overall return of 24.06% versus S&P 500’s performance of 5.27% providing a market premium of 18.79%.

Macy’s, Inc., together with its subsidiaries, operates stores, Websites, and mobile applications in the United States. Its stores and Websites sell a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. The company also operates stores that offer a range of women’s, men’s, and children’s apparel; shoes; fashion accessories; housewares; home textiles; intimate apparel; and jewelry. As of November 1, 2016, it operated approximately 880 stores in 45 states, the District of Columbia, Guam, and Puerto Rico under the Macy’s, Bloomingdale’s, Bloomingdale’s Outlet, Macy’s Backstage, and Bluemercury names, as well as Websites, including macys.com, bloomingdales.com, and bluemercury.com. In addition, it operates as a beauty products and spa retailer. The company was formerly known as Federated Department Stores, Inc. and changed its name to Macy’s, Inc. in June 2007. Macy’s, Inc. was founded in 1830 and is based in Cincinnati, Ohio.

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.