Consumer Discretionary Stocks Based on Deep Learning: Returns up to 16.99% in 7 Days

Consumer Discretionary Stocks

The Consumer Discretionary Stocks Package is designed for investors and analysts who need predictions of the best performing stocks for the whole Consumer Industry. It includes 20 stocks with bullish and bearish signals.

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

Package Name: Consumer Stocks
Recommended Positions: Long
Forecast Length: 7 Days (8/26/2020 – 9/2/2020)
I Know First Average: 7.11%
Consumer Discretionary Stocks
Consumer Discretionary Stocks chart

Several predictions in this 7 Days forecast saw significant returns. The algorithm had correctly predicted 9 out 10 stock movements. The highest trade return came from SIG, at 16.99%. The suggested trades for RUTH and LE also had notable 7 Days yields of 15.82% and 11.18%, respectively. The package saw an overall yield of 7.11% versus the S&P 500’s return of 3.98% implying a market premium of 3.13%.

Signet Jewelers Limited (SIG) engages in the retail sale of diamond jewelry and watches in the United States, Canada, Puerto Rico, the United Kingdom, the Republic of Ireland, and the Channel Islands. Its Sterling Jewelers division operates stores in malls and off-mall locations under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Jared Jewelry Boutique, JB Robinson Jewelers, Marks & Morgan Jewelers, Every kiss begins with Kay, He went to Jared, Celebrate Life. Express Love., the Leo Diamond, Hearts Desire, Artistry Diamonds, Charmed Memories, Diamonds in Rhythm, Open Hearts by Jane Seymour, Radiant Reflections, Colors in Rhythm, Chosen by Jared, Now and Forever, and Ever Us names. As of January 30, 2016, this segment operated 1,540 stores. The company’s Zale division operates jewelry stores and mall-based kiosks in shopping malls under the Zales, Zales Jewelers, Zales the Diamond Store, Zales Outlet, Gordon’s Jewelers, Peoples Jewellers, Peoples the Diamond Store, Peoples Outlet the Diamond Store, Mappins, Piercing Pagoda, Arctic Brilliance Canadian Diamonds, Candy Colored Jewelry, Celebration Diamond, The Celebration Diamond Collection, Unstoppable Love, and Endless Brilliance names. This segment operated 977 jewelry stores and 605 mall-based kiosks. Its UK Jewelry division operates stores in shopping malls and off-mall locations under the H.Samuel, Ernest Jones, Ernest Jones Outlet Collection, Leslie Davis, and Forever Diamonds names. This segment operated 503 stores. The company also operates a diamond polishing factory, which is involved in diamond sourcing, cutting, and polishing activities. Signet Jewelers Limited (SIG) was founded in 1950 and is based in Hamilton, Bermuda.

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.