Consumer Discretionary Stocks

This forecast is part of the Consumer Stocks Package is designed for investors and analysts who need predictions of the best-performing stocks for the whole Consumer Industry. It includes 20 Consumer Discretionary 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: 3 Days (10/21/2020 – 10/24/2020)
I Know First Average: 6.06%

The algorithm correctly predicted 8 out 10 of the suggested trades in the Consumer Stocks Package for this 3 Days forecast. MMYT was the top performing prediction with a return of 13.03%. SIG, and UAA had notable returns of 12.5% and 8.83%, respectively. With these notable trade returns, the package itself registered an average return of 6.06% compared to the S&P 500’s return of 0.65% for the same period.

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.