French Stock Exchange: Up To 21.91% Return In 1 Month

French Stock Exchange

French Stock Market: The French Stock Forecast is part of the package “By Country”, as one of I Know First’s algorithmic trading tools. The full forecast includes a daily predictions for a total of 20 stocks with bullish and bearish signals:

  • Top ten French stocks picks to long
  • Top ten French stocks picks to short

Package Name: “By Region” Package: French Forecast
Recommended Positions: Long
Forecast Length: 1 Month (7/08/15 – 8/08/15)
I Know First Average: 9.05%

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French Stock Exchange

I Know First’s one-month forecast from the By Country Package had 10 of the 10 stocks increase in accordance with the Stock Market Algorithm prediction. GLE.PA performed really well, returning 21.91% during the one-month time horizon as the algorithm indicated. Likewise, SGO.PA was also included in the top 10 picks of the industry forecast and had a strong return of 13.90% over one month. The average return of 9.05% during the forecasted time horizon outperformed the S&P 500 average return of -0.18% by more than 50 times during the same period.

Société Générale’s (GLE.PA) solid revenue for investors over the last month is due to a general return in stable banking conditions for the French group; last Wednesday, the company released its second 2015 quarter results, which highlighted an overall positive quarter with an increase in Net Banking Income of 16% if compared to the same 2014 quarter, moreover according to the CEO Frédéric Oudéa, the bank has planned to target further cost reductions in the coming years and that is aiming to reduce its costs by 850 million euros.

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 algorithmic traders.

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