Best Bank Stocks Based on Data Mining: Returns up to 19.58% in 1 Month

Best Bank Stocks

This forecast is designed for investors and analysts who need predictions of Bank Stocks (see Bank Stocks Package). It includes 20 stocks with bullish and bearish signals and indicates the best bank stocks to trade:

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

Bank Stock Forecast
Package Name: Bank Stocks
Recommended Positions: Long & Short
Forecast Length: 1 Month (05/17/2019 – 06/17/2019)
I Know First Average: 4.95% (Long) & 7.53% (Short)
Best Bank Stocks

During the 1 Month forecast, the algorithm had predicted high returns for those seeking stock advice. The best performance in the short position came from GHL which registered a return of 19.58%. For the long positions the largest growth was registered by ZG with a return of 16.77%, during the same period. The package itself, had an overall average return of 4.95%, in the long position, providing a premium of 4.49% over the SP500’s return of 0.46%. With regards to the short position, the package had an overall average return of 7.53%, providing investors with a premium of 7.07% over S&P500’s return of 0.46%. The I Know First’s Stock Market Algorithm accurately forecasted 8 out of 10 stocks, for the long position, and 8 out of 10 stocks, for the short position for this 1 Month forecasted period.

Greenhill & Co., Inc. (GHL), together with its subsidiaries, operates as an independent investment bank for corporations, partnerships, institutions, and governments worldwide. The company provides financial advisory services primarily related to mergers and acquisitions, restructurings, financings, and capital raisings. It is involved in the provision of advisory services to clients in relation to domestic and cross-border mergers, acquisitions, divestitures, spin-offs, and other strategic transactions, as well as various stages of these transactions, from initial structuring to final execution. The company also advises clients on strategic matters, such as activist response, defensive tactics, special committee projects, licensing deals, joint ventures, valuation, negotiation tactics, industry dynamics, structuring alternatives, and timing and pricing of transactions, as well as financing alternatives. In addition, it engages in advising debtors, creditors, governments, pension funds, and other stakeholders in companies experiencing financial distress, as well as potential acquirers of distressed companies and assets. Further, the company assists the clients, who seek court-assisted reorganizations by developing and seeking approval for plans of reorganization, as well as in the implementation of such plans. It also assists general partners, fund managers, and sponsors in raising capital for new funds; and provides related advisory services to pension funds, sovereign wealth funds, endowments, and other institutional investors, as well as on secondary market transactions. The company was founded in 1996 and is headquartered in New York, New York.

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

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.