Equity Research Based on Algorithms: Up to 27.39% Return in 1 Month

Equity Research

This forecast is part of the “Top 10 Stock Picks” package, as one of I Know First’s algorithmic trading tools. The full Top 10 Stock Picks forecast includes a daily prediction for a total of 20 stocks with bullish and bearish signals:

  • top ten stocks pick to long
  • top ten stocks pick to short
  • S&P 500 forecast

Package Name: Top 10 Stocks
Forecast Length: 1 Month (12/10/15 – 01/10/16)
I Know First Average: 12.22% (short)

Equity Research

In the 1 month forecast from December 10th, the algorithm correctly predicted that 9 out of the 10 stocks would decrease in the short position. Companhia Brasileira de Distribuição (CBD) had the best performance in the short position with a 27.39% return in the 1 month time horizon. Petrobras (PBR) and Freeport-McMoRan Inc. (FCX) followed closely behind with returns of 25.00% and 22.60% respectively. The I Know First average was 12.22% compared to the S&P500 loss of -6.13%. The I Know First Algorithm predicted correctly the S&P500 down trend during this month period.

CBD is the biggest company in Brazil involved in the retailing of general merchandise including food, home appliances and electronics. The company has recently opened a legal investigation into inventory issues, causing its stock price to drop to a 52-week low on December 21st, 2015.

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.