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 Materials Industry (see Basic Industry Stocks Package). It includes 20 stocks with bullish and bearish signals and indicates the best basic industry stocks to buy based on artificial intelligence:

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

Package Name: Basic Industry Stocks
Recommended Positions: Long
Forecast Length: 7 Days (06/16/2019 – 06/24/2019)
I Know First Average: 5.13%

I Know First’s State of the Art Algorithm accurately forecasted 9 out of 10 trades in this Basic Industry Stocks Package for the 7 Days time period. The greatest return came from MUX at 18.95%. HL and MDR also performed well for this time horizon with returns of 12.03% and 8.16%, respectively. The package itself saw an overall return of 5.13%, providing investors with a 3.11% premium above the S&P 500’s return of 2.02% for the same time period.

McEwen Mining Inc. (MUX) explores for, develops, produces, and sells precious and base metals in Argentina, Mexico, and the United States. It primarily explores for gold, silver, and copper. The company’s principal assets consist of a 49% interest in the San José Mine in Santa Cruz, Argentina; the El Gallo 1 mine and El Gallo 2 project in Sinaloa, Mexico; the Gold Bar project in Nevada, the United States; and the Los Azules copper project in San Juan, Argentina. It covers an area of approximately 730 square miles and comprises 146 mining concessions consisting of 71 approved mining claims; 54 claims that are in the application process for mining claim status; and 21 claims, principally that are for exploration only. The company was formerly known as US Gold Corporation and changed its name to McEwen Mining Inc. (MUX) in January 2012. McEwen Mining Inc. (MUX) was founded in 1979 and is headquartered in Toronto, Canada.

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.