Basic Materials Stocks Based on Artificial Intelligence: Returns up to 19.04% in 1 Month

Basic Materials Stocks

This Basic Industry forecast is designed for investors and analysts who need daily stock market predictions of the best-performing stocks for the whole Basic Industry (see Basic Industry Stocks Package). It includes 20 stocks with bullish and bearish signals and indicates the best basic materials stocks to buy based on artificial intelligence:

    • Top 10 Basic materials stocks for the long position
    • Top 10 Basic materials stocks for the short position

Stock Market Prediction Algorithm
Package Name: Basic Industry Stocks
Recommended Positions: Long
Forecast Length: 1 Month (05/31/2019 – 07/01/2019)
I Know First Average: 9.97%
Basic Materials Stocks

For this 1 Month forecast the algorithm had successfully predicted 10 out of 10 movements. The highest trade return came from JBT, at 19.04%. The suggested trades for CMCO and PATK also had notable 1 Month yields of 16.68% and 14.72%, respectively. The overall average return in this Basic Industry Stocks package was 9.97%, providing investors with a 3.68% premium over the S&P 500’s return of 6.29% during the same period.

John Bean Technologies Corporation (JBT) designs, manufactures, tests, and services products and systems for food and beverage, and air transportation industries. It operates through JBT FoodTech and JBT AeroTech segments. The company provides protein product solutions that include mixing/grinding, injecting, marinating, tumbling, portioning, coating, frying, and freezing for poultry, beef, pork, and seafood, as well as ready-to-eat meals, fruits, vegetables, dairy, and bakery products; and liquid food solutions for filling, closing and sterilization of fruits, vegetables, soups, sauces, dairy, and pet food products, as well as to extract, concentrate, and aseptically process citrus, tomato and other fruits, vegetables, and juices. It also offers automatic guided vehicles for use in material handling in the manufacturing and warehouse industries; clipping systems, including table, semi-automatic, and automatic clippers, as well as net and clip, bag and clip, and hanging systems; processing machines, which include fine cutters/emulsifiers and bowl choppers; and consumables, such as clips, loops, labeling systems, and string and cord solutions. In addition, the company provides mobile air transportation equipment, such as commercial and military cargo loading, aircraft deicing, aircraft towing, and ground aircraft power and cooling systems; and airport gate equipment for passenger boarding, as well as maintenance services for airport equipment, systems, and facilities. Further, it offers air transportation solutions to airport authorities, airlines, airfreight, and ground handling companies, as well as military and defense contractors. The company provides its products and solutions through direct sales force, independent distributors, and sales representatives in the United States and internationally. John Bean Technologies Corporation (JBT) is headquartered in Chicago, Illinois.

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.