Consumer Discretionary Stocks Based on Machine Learning: Returns up to 29.62% 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 (8/10/22 – 8/17/22)
I Know First Average: 15.7%
Consumer Discretionary Stocks
Consumer Discretionary Stocks chart

During the 7 Days forecasted period several picks in the Consumer Stocks Package saw significant returns. The algorithm has correctly predicted 10 out of 10 returns. The top performing prediction from this package was JMIA with a return of 29.62%. The suggested trades for HZN and SFIX also had notable 7 Days yields of 28.0% and 23.71%, respectively. The Consumer Stocks package had an overall average return of 15.7%, providing investors with a premium of 12.02% over the S&P 500’s return of 3.68%.

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.