I Know First Review: June 17th, 2015

I Know First Review

The stocks selected here are the top performing stocks from I Know First: Daily Market Forecast’s June 1st, 2015 stock forecast titled “Tech Stocks To Invest In: Up to 46.08% in 14 Days“.

This forecast is part of the “Tech Stocks” package, as one of I Know First’s quantitative investment solutions. The “I Know First Average” return for the long position was 8.85% over 14 days versus the S&P 500’s return of -1.29% over the same time period.

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Signal: 397.28

Predictability: 0.28

Return: 20.79%

Yingli Solar (YGE)  is a solar energy company and a photovoltaic (PV) manufacturer. The company develops, manufactures and sells solar modules all over the world. The company had a signal strength of 397.28 and a predictability indicator of 0.28. In accordance with the algorithm’s prediction, stock price increased 20.79%.

On June 15th Yingli announced that it has connected its 50 MW PV power plant, located in Hebei Province, China, to the utility grid. The 50 MW PV power plant is the first and largest power plant in Handan City, Hebei Province and is expected to generate annual revenue of RMB 54 million ($8.7 million USD) from national feed-in-tariffs for the next 20 years.

 


REXI

Signal: 27.40

Predictability: 0.26

Return: 3.51%

Resource America, Inc. (REXI) is a premier alternative asset management company, with over $20 billion of gross assets under management. The Company specializes in real estate and credit investments. The company had a signal strength of 27.40 and a predictability indicator of 0.26. In accordance with the algorithm’s prediction, stock prices increased by 3.51%.

On March 31st Resource America reported an operating income of nearly $5 Million and thus recovering from the previous quarters loss of $12.59 million dollars.

 

ATI

 

Signal: 20.84

Predictability: 0.46

Return: 0.15%

Allegheny Technologies Incorporated (ATI) is an American speciality metals company headquartered in Pittsburgh, Pennsylvania. ATi is one of the largest and most diversified speciality metals producers in the world. The company had a signal strength of 20.84 and a predictability indicator of 0.46. In accordance with the algorithm’s prediction, stock prices increased by 0.15%.

On June 16, ATI declared that it has attained the necessary qualification for its premium-titanium products used in jet engine rotating parts – key raw material needed for the production of the most demanding jet engine rotating parts. Allegheny should benefit from its diversified global growth markets and cost-reduction measures. However, falling oil prices are expected to hurt demand for its products in the oil and gas market in the short haul.


SMSI

Signal: 20.81

Predictability: 0.22

Return: 5.26%

Smith Micro Software Inc. (SMSI), founded in 1982, is a diversified developer and marketer of both enterprise and consumer-level software and services. Recently, the company has shifted focus toward network connection and security technologies, and begun forays into the evolving wireless media industry, as indicated by partnerships with cellular service providers such as Verizon Wireless and AT&T. The company had a signal strength of 20.81 and a predictability indicator of 0.22. In accordance with the algorithm’s prediction, stock prices increased by 5.26%.

On June 4th SMSI, announced its CMO, Carla Fitzgerald, will discuss emerging context-driven strategies for personalizing mobile engagement during a panel discussion at on June 9th. The company has also published a whitepaper entitled, “Smarter smartphone-marketing”, describing the opportunity for hyper-targeted mobile interactions based on real-time consumer behaviour, circumstances and intent, specifically in the hospitality industry.


YHOO 

Signal: 19.53

Predictability: 0.18

Return: -5.75%

Yahoo (YHOO) is a multi-national company, which rose to prominence during the dot-com bubble, and is well known for it’s search engine, web portal and news outlet. Yahoo claims to attract more than half a billion consumers every month in more than 30 languages.

TSL 

Signal: 19.20

Predictability: 0.41

Return: 4.41%

Trina Solar Limited (TSL), founded in 1997, and listed on the New York Stock Exchange in 2006, specializes in the manufacture of crystalline silicon photovoltaic modules and system integration. Trina Solar has recently become an influential shaper of the global solar industry and a leader in solar modules and services. The company had a signal strength of 19.20 and a predictability indicator of 0.41. In accordance with the algorithm’s prediction, the stock price increased 4.41%.

The company started 2015 on a strong note with its first quarter gross margin expanding to 18% from 15.7% in the fourth quarter and sales increasing 25% year over year. Trina Solar’s share prices had jumped as much as 17% on the day of the earnings release which as a result spread optimism into the broad industry, pushing other solar stocks higher as well. Trina Solar’s share price has risen by 32.5% over the past year.


JKLS

 

Signal : 18.26

Predictability : 0.38

Return: 7.48%

JinkoSolar (JKS) is a global leader in the solar industry. The Company distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in throughout the world. The company had a signal strength of 18.26 and a predictability indicator of 0.38. In accordance with the algorithm’s prediction, the stock price increased 7.48%.

On June 9th JinkoSolar announced that it will supply 20MW of PV solar panels to Else Enerji, a leading Turkish EPC company that provides consultancy, planning, engineering, construction, operation and maintenance services for projects in Turkey. This announcement came merely four days after JKS  announced that it had supplied 33.67 MW of PV modules to Rijn Capital for a project in Chile.  Rijn Capital owns a pipeline under development of nearly 500 MW´s of solar PV projects in Chile and was established by Rijn Capital.


sina

Signal: 17.62

Predictability: 0.51

Return: 46.08%

Sina is a Chinese online media company for Chinese communities around the world. Sina includes Sina Weibo and Sina.com which is the largest Chinese language web portal. The company was founded in China in 1999, and its global financial headquarters have been based in Shanghai since 2001.

Sina had a signal strength of 17.62 and a predictability indicator of 0.51. In accordance with the algorithm’s prediction, the stock price increased 46.08%.

The company’s shares have been on an uptrend since the company announced on June 1 that it has signed an agreement to sell as many as 11 million newly issued shares to Charles Chao, the company’s CEO and Chairman, culminating in a 52-week high of $56.99 on June 5th. The deal stipulates that Chao will have a  six-month lock-up restriction which means that he will not be able sell any of these shares for a period of 6 months. This further boosted investors’ confidence in the company.

 

Signal : 16.51amd

Predictability : 0.39

Return: 1.74%

Advanced Micro Devices, Inc. (AMD) operates as a semiconductor company worldwide. Based in California, AMD  develops computer processes and other affiliated technologies for business and consumer markets. AMD is the second largest global supplier of microprocessors after Intel. AMD had a signal strength of 16.51 and a predictability indicator of 0.39. In accordance with the algorithm’s prediction, the stock price increased by 1.74%.

On June 8th, AMD announced that it will webcast live rom the Belasco Theater in Los Angeles during E3. The event, ” A New Era in PC Gaming”, was then hosted by AMD’s Chief Gaming Scientist, Richard Huddy, on Tuesday, June 16th. Stock prices then rose correspondingly during the interim.

 

netflix

Signal: 13.12

Predictability: 0.48

Return: 4.80%

Netflix (NFLX) is an online American provider of on-demand internet streaming media available to viewers throughout North America and many other countries and regions in the West. The company was established in 1997 and is headquartered in California. Netflix had a signal strength of 13.12 and a predictability indicator of 0.48. In accordance with the algorithm’s prediction, NFLX stock prices increased by 4.80%.

Netflix stock rose 3.7% on June 10 following news that the company is pursuing a stock split. If the split is approved by the shareholders, the company will increase its number of shares 30 times, from 170 million to 5 billion. After the split, Netflix stock value per share will decrease from the current $600+ to $20+.  As a result of a  lower price per share, more retail investors will be encouraged to invest as the stock becomes more affordable to hold on to.

 

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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