Best Brazilian Stocks Based on Machine Learning: Returns up to 13.50% in 1 Month

Best Brazilian Stocks

This Brazil Stock forecast was generated by the I Know First Algorithm through its analysis of market data and is part of the By Country Package. The full forecast includes daily predictions for a total of 20 stocks with bullish and bearish signals:

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

Package Name: By Country – Brazilian Stocks
Recommended Positions: Long
Forecast Length: 1 Month (07/30/2017 – 08/30/2017)
I Know First Average: 5.74%
Best Brazilian Stocks

8 out of 10 stock prices in this forecast for the By Country – Brazilian Stocks Package moved as predicted by the algorithm. SID was our best stock pick this week a return of 13.50%. BBD and VALE followed with returns of 12.21% and 11.79% for the 1 Month period. The package saw an overall yield of 5.74% versus the S&P 500’s return of -0.59% implying a market premium of 6.33%.

Companhia Siderúrgica Nacional ADR  (SID)  operates as an integrated steel producer primarily in Brazil. It operates through five segments: Steel, Mining, Cement, Logistics, and Energy. The company primarily produces carbon steel and various steel products for automotive, home appliance, packaging, construction, and steel processing industries.

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.

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