Stock Market Projections

This forecast is part of the Top 10 Stocks Package, as one of I Know First’s systematic trading tools. The full package includes a daily prediction for a total of 20 stocks with bullish and bearish signals:

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

Package Name: Top 10 Stocks
Recommended Positions: Long
Forecast Length: 3 Days (05/04/2018 – 05/07/2018)
I Know First Average: 1.75%

I Know First’s State of the Art Algorithm accurately forecasted 9 out of 10 trades in this Top 10 Stocks Package for the 3 Days time period. The greatest return came from ELLI at 5.04%. AAPL and ABMD also performed well for this time horizon with returns of 4.68% and 3.58%, respectively. The package itself saw an overall return of 1.75%, providing investors with a 0.12% premium above the S&P 500’s return of 1.63% for the same time period.

Ellie Mae, Inc. (ELLI) provides on-demand software solutions and services for the residential mortgage industry in the United States.The company provides Encompass, a proprietary software solution that combines loan origination and enterprise management software for mortgage originators into a system, as well as access to investors, lenders, and service providers on the Ellie Mae Network. Its Encompass solutions and services comprise Ellie Mae Total Quality Loan Program that offers fraud detection, valuation, validation, and risk analysis services; Encompass CenterWise, a bundled offering of electronic document management and Websites used for customer relationship management (CRM); Encompass TPO WebCenter that offers a Web-based environment for third-party originator to upload loan files and supporting documentation directly to the Encompass software; Encompass Docs Solution, an integrated initial disclosure and closing document preparation solution; and Encompass Compliance Service to analyze mortgage loan data for compliance with consumer protection laws and institutionally mandated compliance policies. The company’s Encompass solutions and services also include Encompass Product and Pricing Service to compare loans offered by lenders and investors to determine mortgage programs available to a borrower; Encompass Flood Service to order and transfer flood zone certifications; Encompass CRM to manage contacts, leads, and marketing campaigns; Encompass Consumer Direct, which allows borrowers to complete loan application online; Encompass 4506-T Service, an integrated income verification solution; Encompass Appraisal Service to order, track, and retrieve appraisal reports; and Encompass Fraud Service to order collateral and non-collateral based fraud risk reports. In addition, it offers research and reference, education, documentation, and data and analytics products under the AllRegs brand. The company was founded in 1997 and is headquartered in Pleasanton, California.

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

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