Daily Stock Market Predictions

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: 3 Days (03/29/2019 – 04/02/2019)
I Know First Average: 3.27%

I Know First’s State of the Art Algorithm accurately forecasted 10 out of 10 trades in this Automotive Stocks Package for the 3 Days time period. The greatest return came from KMX at 9.59%. HOG and GT also performed well for this time horizon with returns of 6.03% and 4.14%, respectively. The package itself saw an overall return of 3.27%, providing investors with a 1.43% premium above the S&P 500’s return of 1.84% for the same time period.

CarMax Inc (KMX)., through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic and imported vehicles; sells vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and provides extended protection plans to customers at the time of sale. The company also offers reconditioning and vehicle repair services; and provides financing alternatives for retail customers across a range of credit spectrum through its CarMax Auto Finance and arrangements with other financial institutions. In addition, it sells new vehicles under franchise agreements. As of August 2, 2016, the company operated 160 used car stores in 37 states. The company was founded in 1993 and is based in Richmond, Virginia.

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.