European Equities Based on Algorithms: Up to 22.45 Return in 3 Months

European Equities

This forecast is part of the “By Region” package, as one of I Know First’s algorithmic trading tools. The full forecast includes daily predictions for a total of 20 stocks with bullish and bearish signals:

  • Top ten European stocks picks to long
  • Top ten European stocks picks to short

Package Name: “By region” Package – European Forecast
Forecast Length: 3 Months (08/21/2015 – 11/21/2015)
I Know First Average: 7.28%

European Equities

The top performing stock from the 1 year “By region” Package (Europe) forecast from 08/21/2014 was MTL It had an outstanding return of 22.45% during the predicted time horizon. Other stocks with remarkable returns were DTE.DE and MRK.DE. They had noteworthy returns of  12.61% and 12.53% respectively in 3 months. The I Know First average return from the forecast was 7.28%, which offered a significant advantage to investors over the S&P 500 return of 2.63% during the same time period.

Mechel OAO, together with its subsidiaries, engages in mining and steel businesses in the Russian Federation, the Commonwealth of Independent States, Europe, Asia, the Middle East, and internationally. The company operates through four segments: Mining, Steel, and Power. Russian indebted coal and steel producer Mechel reported on Friday a $34 million net profit for the second quarter after a $273 million net loss in the previous quarter, booking its first quarterly profit since 2012. Adjusted net loss totalled $152 million while revenue was up 4 percent, quarter-on-quarter, at $1.16 billion, the company said in a statement, adding that its debt restructuring could be completed within a few months.

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 algorithmic traders.

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Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.