Chemical Stocks

This Chemicals Stocks forecast is designed for investors and analysts who need predictions of the best chemical stocks to buy for the whole Chemistry Industry (see Chemicals Stocks Package). It includes 20 stocks with bullish and bearish signals and indicates the best chemical stocks to buy:

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

Package Name: Chemicals Stocks
Recommended Positions: Long
Forecast Length: 3 Days (10/14/2020 – 10/17/2020)
I Know First Average: 2.93%

The algorithm correctly predicted 10 out 10 of the suggested trades in the Chemicals Stocks Package for this 3 Days forecast. The top performing prediction from this package was SXT with a return of 7.0%. Other notable stocks were OLN and FTK with a return of 6.24% and 3.89%. The package had an overall average return of 2.93%, providing investors with a 3.73% premium over the S&P 500’s return of -0.8% during the period.

Sensient Technologies Corporation (SXT) manufactures and markets colors, flavors, and fragrances in the United States and internationally. The company operates through two segments, Flavors & Fragrances Group, and Color Group. The Flavors & Fragrances Group segment develops, manufactures, and supplies systems products, including flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, and aroma chemicals; chili powder; paprika; chili pepper; and dehydrated vegetables comprising parsley, celery, and spinach. This segment sells its products to the food, beverage, personal care, and household-products industries. The Color Group segment develops, manufactures, and supplies natural and synthetic color systems for use in foods, beverages, and pharmaceuticals; colors and other ingredients for cosmetics, such as active ingredients, solubilizers, and surface treated pigments; pharmaceutical excipients, such as colors, flavors, and coatings; specialty inks; and technical colors for industrial applications. This segment sells products under the Sensient Food Colors, Sensient Pharmaceutical Coating Systems, Sensient Cosmetic Technologies, Sensient Inks, and Sensient Industrial Colors trade names. The company was founded in 1882 and is headquartered in Milwaukee, Wisconsin.

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.