Best Tech Stocks To Invest In: Up To 78.87% (long) & 55.59% (short) Return in 1 Year

Best Tech Stocks To Invest In

This Best Tech Stocks forecast is designed for investors and analysts who need predictions of the best performing stocks for the whole Technology Industry (See Industry Package). It includes 20 stocks with bullish and bearish signals and indicates the best tech stocks to buy:

  • Top 10 tech stocks for the long position
  • Top 10 tech stocks for the short position

Package Name: Tech Stocks
Recommended Positions: Long & Short
Forecast Length: 1 Year (07/24/14 – 07/24/15)
I Know First Average: 28.30% Long; 22.75% Short

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Best Tech Stocks To Invest In

The 1 year Tech Package forecast from 07/24/2014 included the top 10 stocks for both the long and short positions. The most impressive stock for the long position was Netflix, Inc. (NFLX) with a  return of 78.87%. Other top performing stocks from the forecast were Axcelis Technologies, Inc. (ACLS) and Amazon, Inc. (AMZN) with solid returns of 56.25% and 47.82% respectively. For the short position, the top performing stock was Advanced Micro Devices, Inc. (AMD) which decreased 55.59% as the algorithm correctly predicted. The average return for the long position was 28.30%, while the average return for the short position was 22.75%. These average returns significantly outperformed the S&P 500 return during the same time horizon.

The main reason of the market’s optimism for Netflix stock recently has been the company’s ability to rapidly grow its user base. This is especially true in the company’s most recent quarter. During Q2, Netflix increased its subscribers by 3.3 million — 900,000 in the U.S. and 2.4 million internationally. Further, there has to be considered that Netflix total members in Q2 were up 31% from the year-ago quarter. This growth clearly demonstrates Netflix’s growing popularity amongst consumers.

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.