Quant Trading Based on Artificial Intelligence: Returns up to 21.24% in 7 Days

Quant Trading

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: 7 Days (09/12/2017 – 09/19/2017)
I Know First Average: 4.70%
Quant Trading

The algorithm correctly predicted 9 out 10 of the suggested trades in the Automotive Stocks Package for this 7 Days forecast. MTOR was the highest-earning trade with a return of 21.24% in 7 Days. Additional high returns came from MGA and OSK, at 6.02% and 5.22% respectively. The package had an overall average return of 4.70%, providing investors with a 3.95% premium over the S&P 500’s return of 0.75% during the period.

Meritor, Inc. (MTOR) designs, develops, manufactures, markets, distributes, sells, services, and supports integrated systems, modules, and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation, and industrial sectors worldwide. It operates through two segments, Commercial Truck & Industrial; and Aftermarket & Trailer. The Commercial Truck & Industrial segment supplies drivetrain systems and components, including axles, drivelines, and braking and suspension systems primarily for medium-and heavy-duty trucks, off-highway, military, construction, bus and coach, fire and emergency, and other applications. The Aftermarket & Trailer segment supplies axles, brakes, drivelines, suspension parts, and other replacement and remanufactured parts to commercial vehicle aftermarket customers. This segment also offers various undercarriage products and systems for trailer applications. The company sells its products under the Meritor, Meritor Wabco, Euclid, Trucktechnic, and Meritor AllFit brands primarily to OEMs and its parts marketing operations, and dealers, as well as for other independent distributors and service garages in the aftermarket industry. The company was formerly known as ArvinMeritor, Inc. (MTOR) and changed its name to Meritor, Inc. (MTOR) in March 2011. Meritor, Inc. was founded in 1921 and is headquartered in Troy, Michigan.

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.