Automotive Stocks Based on Artificial Intelligence: Returns up to 25.61% in 1 Month

Automotive Stocks

This Automotive Stocks forecast is designed for investors and analysts who need predictions of the best-performing stocks in the automotive industry (see Automotive Stocks Package). It includes 20 stocks with bullish and bearish signals and indicates the best auto stocks to trade:

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

Package Name: Automotive Stocks
Recommended Positions: Long
Forecast Length: 1 Month (06/02/2019 – 07/02/2019)
I Know First Average: 10.85%
Automotive Stocks

In this 1 Month forecast for the package, there were many high performing trades and the algorithm correctly predicted 10 out 10 trades. The top-performing prediction in this forecast was SPAR, which registered a return of 25.61%. Other notable stocks were WNC and GPI with a return of 17.02% and 13.21%. The package had an overall average return of 10.85%, providing investors with a premium of 2.82% over the S&P 500’s return of 8.03% during the same period.

Spartan Motors, Inc., through its subsidiaries, engineers, manufactures, and sells heavy-duty and custom vehicles in the United States, Canada, South America, and Asia. It operates through three segments: Emergency Response Vehicles, Fleet Vehicles and Services, and Specialty Chassis and Vehicles.

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.