I Know First Algorithm Review: February 23rd, 2015

I Know First Algorithm Review

The stocks selected here are the top performing stocks from I Know First: Daily Market Forecast’s January 23th, 2015 stock forecast titled “Best Tech Stocks Based On Machine Learning: Up To 58.33% Return In 3 Months”. This forecast is part of the “Top Tech Stocks” package, as one of I Know First’s quantitative investment solutions. The “I Know First Average” return was 14.63% over 3 month versus the S&P 500’s return of 2.52% over the same time period.

I Know First Algorithm Review

 

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CRNT

 

Signal (3 months): 209.86

Predictability (3 months): 0.46

Return: 16.67%

Ceragon Networks Ltd is a provider of wireless backhaul solutions, which enables cellular operators and other wireless service providers to deliver voice and data services, enabling smart-phone applications, such as Internet browsing, music and video applications. Ceragon had a signal strength of 209.86 and a predictability indicator of 0.46. In accordance with the algorithm’s prediction, the stock increased 16.67% in the 3-months time horizon. The company is at the end of a major restructuring where it realigned its product offering and cost structure expecting to reach consistent profitability by mid 2015 driven by higher margins and expanding revenues.

mww

Signal (3 months): 209.41

Predictability (3 months): 0.53

Return: 30.02%

Monster Worldwide, Inc. is parent company of Monster, the global online employment solution. With a presence in approximately 55 countries globally, Monster offers online recruiting solutions. Through online media sites and services, Monster Worldwide delivers audiences to advertisers. Monster Worldwide had a signal strength of 209.41 and a predictability indicator of 0.53. In accordance with the algorithm’s prediction, the stock increased 30.02% in the 3-months time horizon. Monster announced a new series of cost-saving initiatives including a global workforce reduction of roughly 300 employees, or 7% of its full-time staff, as well as consolidation of its office facilities and added controls for continuing discretionary spending, office, and general expenses. All told, these initiatives should result in annualized savings of $38 million to $45 million, with the full impact realized beginning in the fourth quarter of 2015.

 

netflix

Signal (3 months): 126.08

Predictability (3 months): 0.42

Return: 30.96%

Netflix, Inc. is a provider of on-demand Internet streaming media available to viewers in all of North America, South America and parts of Europe. The company was established in 1997 and is headquartered in Los Gatos, California. Netflix had a signal strength of 126.08.40 and a predictability indicator of 0.42. In accordance with the algorithm’s prediction, the stock increased 30.96% in the 3-months time horizon.

fslr

Signal (3 months): 101.90

Predictability (3 months): 0.39

Return: -0.24%

First Solar, Inc. is an American photovoltaic (PV) manufacturer of rigid thin film modules, or solar panels, and a provider of utility-scale PV power plants and supporting services that include finance, construction, maintenance and end-of-life panel recycling.

JKLS

Signal (3 months): 81.61

Predictability (3 months): 0.34

Return: -15.23%

JinkoSolar Holding Co., Ltd. (JinkoSolar) is a solar power product manufacturer. The Company has built a vertically integrated solar power product value chain from recovered silicon materials to solar modules.

 

WBMD

Signal (3 months): 81.17

Predictability (3 months): 0.52

Return: 6.33%

WebMD Health Corp. is a provider of health information services. The Company provides its services to consumers, physicians and other healthcare professionals, employers and health plans through its public and private online portals, mobile platforms and health-focused publications. WebMD had a signal strength of 81.17 and a predictability indicator of 0.52. In accordance with the algorithm’s prediction, the stock increased 6.33% in the 3-months time horizon. The company has recently reported profits of 38 cents per share, surpassing Wall Street expectations. The average estimate of analysts was for earnings of 31 cents per share. Similarly, the health information website posted revenue of $162.7 million in the period, also surpassing Street forecasts. Analysts expected $160.2 million, according to Zacks.

SMSI

Signal (3 months): 71.68

Predictability (3 months): 0.35

Return: 58.33%

Smith Micro Software, Inc. provides software and services that simplify, secure and enhance the mobile experience. The Company’s portfolio of wireless solutions includes a wide range of client and server applications that manage devices, communications and network connectivity for end-users as well as Machine-to-Machine (M2M) endpoints. The company had a signal strength of 71.6 and a predictability indicator of 0.35. In accordance with the algorithm’s prediction, the stock increased 58.33% in the 3-months time horizon. released its earnings data on Tuesday. The company reported $0.01 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.02) by $0.03. In the same line, the company had revenue of $10.60 million for the quarter, compared to the consensus estimate of $10.34 million.

 

IBM

Signal (3 months): 60.45

Predictability (3 months): 0.35

Return: 1.95%

International Business Machines Corporation (IBM) is an information technology (IT) company. IBM operates in five segments: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems and Technology and Global Financing. IBM had a signal strength of 60.45 and a predictability indicator of 0.35. In accordance with the algorithm’s prediction, the stock increased 1.95% in the 3-months time horizon.The company announced that it will be introducing a new storage software portfolio in a period of five years. As part of the $1 billion investment, IBM has launched the software package, Spectrum Storage, which is a combination of apps that increases the efficiency of an enterprise’s data assets and manages storage. The company has committed to spend $200 million each year on the development of new software storage offerings.

PCLN

Signal (3 months): 53.11

Predictability (3 months): 0.42

Return: 4.87%

Priceline Group Inc., provides online travel company that connects consumers wishing to make travel reservations with providers of travel services around the world. Priceline had a signal strength of 53.11 and a predictability indicator of 0.42. In accordance with the algorithm’s prediction, the stock increased 4.87% in the 3-months time horizon. Priceline recently reported fourth quarter adjusted EPS of $10.85, up from $8.85 a year ago. Analysts expected EPS of $10.10.

 

HIMX

Signal (3 months): 50.95

Predictability (3 months): 0.34

Return: 12.59%

Himax Technologies, Inc. is a Taiwan-based Company that designs, develops and markets semiconductors that are critical components of flat panel displays. Himax had a signal strength of 50.95 and a predictability indicator of 0.34. In accordance with the algorithm’s prediction, the stock increased 12.59% in the 3-months time horizon. Himax  shares were named a “top pick” for 2015 by BofA-Merrill Lynch, which also upped its price target to $12.50.

Business Disclosure: I Know First Research is the analytic branch of I Know First, a financial startup company that specializes in quantitatively predicting the stock market. We did not receive compensation for this article, and we have no business relationship with any company whose stock is mentioned in this article. Read More From I Know First Research:

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