Consumer Staples Stocks Based on Deep-Learning: Returns up to 20.22% in 3 Days

Consumer Staples Stocks

The Consumer Staples 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: 3 Days (5/29/2020 – 6/2/2020)
I Know First Average: 3.17%
Consumer Staples Stocks
Consumer Staples Stocks chart

During the 3 Days forecasted period several picks in the Consumer Stocks Package saw significant returns. The algorithm had correctly predicted 7 out 10 returns. The prediction with the highest return was MIK, at 20.22%. The suggested trades for TEN and HOV also had notable 3 Days yields of 15.85% and 9.24%, respectively. With these notable trade returns, the package itself registered an average return of 3.17% compared to the S&P 500’s return of 1.69% 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.