Financial Sector 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

Package Name: Bank Stocks
Recommended Positions: Long
Forecast Length: 14 Days (01/18/2017 – 02/01/2017)
I Know First Average: 3.86%

9 out of 10 stock prices in this forecast for the Bank Stocks Package moved as predicted by the algorithm. HDB was our best stock pick this week a return of 8.15%. SFTBY and TREE followed with returns of 7.66% and 5.82% for the 14 Days period. The package saw an overall yield of 3.86% versus the S&P 500’s return of 0.51% implying a market premium of 3.35%.

HDFC Bank Limited (HDB), provides a range of banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Treasury, Retail Banking, Wholesale Banking, and Other Banking Business segments. It accepts savings accounts, salary accounts, current accounts, fixed and recurring deposits, demat accounts, safe deposit lockers, and rural accounts, as well as offshore accounts and deposits. The company also offers personal, business, home, consumer durable, car, two wheeler, gold, educational, rural, and term loans; loans for professionals; loans against property, securities, and assets; overdrafts; government sponsored programs; and working capital, healthcare, channel, short term, structured, dealer, and vendor finance, as well as agricultural lending. In addition, it provides credit, debit, and prepaid cards; private banking services; export, import, remittance, bank guarantees, and letter of credit services, as well as merchant and cash management services; life, health, motor, travel, home, and insurance products; and investment product, such as mutual funds, equities and derivatives, IPO, gold and silver investments, and bonds. Further, the company offers bill discounting, real time gross settlement, bankers to right/public issue, forex, money market, employees trusts, and tax collection services; and investment banking services in the areas of project appraisal, structured finance, loan syndication, debt capital markets, equity placement, mergers and acquisitions, corporate advisory, and capital market advisory services. Additionally, it provides correspondent banking, settlement, custodial, disbursement, clearing, and administrative and fiduciary support services, as well as online and mobile banking services. As of March 31, 2016, the company operated a network of 4,520 branches and 12,000 ATMs in 2,587 cities/towns. HDFC Bank Limited (HDB) was founded in 1994 and is based in Mumbai, India.

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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