Best Technology Stocks

This Tech Stock forecast is based on stock picking strategies for investors and analysts who need predictions for the 10 best tech stocks in the Technology Industry (see Tech Stocks Package). It includes 20 stocks with bullish and bearish signals:

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

Package Name: Tech Stocks Forecast
Recommended Positions: Long
Forecast Length: 3 Months (12/8/20 – 3/8/21)
I Know First Average: 27.12%

For this 3 Months forecast the algorithm had successfully predicted 10 out of 10 movements. The top performing prediction from this package was CRS with a return of 55.74%. MTSC and WDC also performed well for this time horizon with returns of 52.05% and 34.65%, respectively. The package’s overall average return was 27.12%, providing investors with a 23.62% premium over the S&P 500’s return of 3.5% during the same period.

Carpenter Technology Corporation (CRS) manufactures, fabricates, and distributes specialty metals worldwide. It operates through two segments, Specialty Alloys Operations and Performance Engineered Products. The company develops, manufactures, and distributes cast/wrought and powder metal stainless steels and special alloys, including iron-nickel-cobalt base, stainless, superior corrosion resistant, and controlled expansion alloys; ultra-high strength and implantable alloys; tools and die steels; and other specialty metals, as well as cast/wrought titanium alloys. It also manufactures and rents down-hole drilling tools and components for use in the oil and gas industry. Carpenter Technology Corporation (CRS) distributes its products directly through its distribution network, as well as through independent distributors. The company provides material solutions to aerospace and defense, energy, transportation, medical and industrial, and consumer industries. Carpenter Technology Corporation (CRS) was founded in 1889 and is headquartered in Wyomissing, Pennsylvania.

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.