I Know First Review: November 8th

The stocks selected here are the top performing Tech stocks from I Know First: Daily Market Forecast’s November 8th 2014. Stock Forecast titled, Best Tech Stocks: 36.15% Gain in 3 Months. This forecast is part of the Tech Stocks Package. The “I Know First Average” return was 17.43% versus the S&P 500’s return of 6.41% over the same time period.

Best Tech Stocks

Learn how to read the predictions: Instructions

Learn how to strategize with the forecast: Algorithmic Trading Strategies 

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

 

 

CRM

Signal (3 Months): 38.09

Predictability (3 Months): 0.52

Return: 19.01%

salesforce.com, inc. is a provider of enterprise cloud computing and social enterprise solutions. The Company provides a customer and collaboration relationship management (CRM), applications through the Internet or cloud. The company had a signal of 38.09 and a predictability of 0.52. In accordance with the algorthm prediction, the stock returned 19.01% in a three-month time horizon. Salesforce.com, inc.  has been given an average rating of “Buy” by the thirty-four analysts that are currently covering the company. Also, the company last announced its earnings results on Thursday, August 21st. The company reported $0.13 EPS for the quarter, beating the  Reuters consensus estimate of $0.12 by $0.01.

BBRY

Signal (3 Months): 30.38

Predictability (3 Months): 0.17

Return: 13.84%

BlackBerry Limited, formerly Research In Motion Limited, is a designer, manufacturer and marketer of wireless solutions for the worldwide mobile communications market. Through the development of integrated hardware, software and services, it provides platforms and solutions for seamless access to information, including e-mail, voice, instant messaging, short message service (SMS), Internet and intranet-based applications and browsing. The company had a signal of 30.38 and a predictability of 0.17. In accordance with the algorthm prediction, the stock returned 13.84% in a three-month time horizon. As I Know First Research article on Blackberry stated, BlackBerry has learnt to respond to customers’ needs, is exploring other markets and restructuring, and benefits from the globally growing smartphone market.
Specifically, BlackBerry’s new success business unit, Passport phone launch, and its second-quarter successes make it a stock worth buying.

ACLS

Signal (3 Months): 22.10

Predictability (3 Months): 0.52

Return: 24.56%

Axcelis Technologies, Inc. designs, manufactures and services ion implantation, dry strip and other processing equipment used in the fabrication of semiconductor chips. The company sells to semiconductor chip manufacturers worldwide. The company had a signal of 22.10 and a predictability of 0.52. In accordance with the algorthm prediction, the stock returned 24.56% in a three-month time horizon.

 

ARMH

Signal (3 Months): 8

Predictability (3 Months): 0.28

Return: -4.65%

ARM Holdings plc. designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools. As of December 31, 2012, the Company operated in three business segments: the Processor Division (PD), the Physical IP Division (PIPD) and the System Design Division (SDD)

AAPL

Signal (3 Months): 7.74

Predictability (3 Months): -0.17

Return: 15.55%

Apple Inc. (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The company had a signal of 7.74 and a predictability of -0.17. In accordance with the algorthm prediction, the stock returned 15.55% in a three-month time horizon. Apple’s iPhone 6 and iPhone 6 Plus launch proved to be a success in the consumer market, pushing up Apple stock. As of November 8th,Apple shares reached $109.30 per share and the company appears to have been going strong based on most analysts’ observations.

YHOO

Signal (3 Months): 6.11

Predictability (3 Months): 0.24

Return: 36.15%

Yahoo! Inc. (Yahoo!) is a global technology company. Through the Company’s technology and insights, Yahoo! delivers digital content and experiences, across devices and globally. The Company provides online properties and services (Yahoo! Properties) to users, as well as a range of marketing services designed to reach and connect with those users on Yahoo! and through a distribution network of third-party entities (Affiliates). The company had a signal of 6.11 and a predictability of 0.24. In accordance with the algorthm prediction, the stock returned 36.15% in a three-month time horizon. On November 6th, Y ahoo’s stock hit its 52-week high of $48.28, which is also its highest since the dot-com bubble. This is attributable to the 15.3% stake that Yahoo currently has in Alibaba. Yahoo currently possesses 384 million of the approximate total of 2.5 billion shares. The latest sucess of Alibaba IPO has propeled Yahoo stock price over the last 3 months, which is reflected in I Know First Prediction

BIDU

Signal (3 Months): 5.95

Predictability (3 Months): 0.08

Return: 10.79%

Baidu, Inc. (Baidu) is a Chinese-language Internet search provider. Baidu serves three types of online participants, which include users, customers and Baidu union members. The Company offers a Chinese-language search platform on its Website Baidu.com. It provides Chinese-language Internet search services to enable users to find relevant information online, including Web pages, news, images, documents and multimedia files, through links provided on its Websites. The company had a signal of 5.95 and a predictability of 0.08. In accordance with the algorthm prediction, the stock returned 10.79% in a three-month time horizon. The company has long dominated Chinese Internet search on personal computers. But over the last year, it’s been making a strong push to bolster its presence on mobile devices. In the third quarter, their  investments in mobile continued to pay off as mobile proved once again to be a strong driver of topline growth. During the fourth quarter, they have continued to invest aggressively in this sector.  This mobile growth is key to BIDU stock’s long-term success, because the mobile market in China is booming.

MSFT

Signal (3 Months): 7.74

Predictability (3 Months): -0.17

Return: 15.55%

Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services. The Company also designs and sells hardware, and delivers online advertising to the customers. The Company operates in five segments: Windows & Windows Live Division (Windows Division), Server and Tools, Online Services Division (OSD), Microsoft Business Division (MBD), and Entertainment and Devices Division (EDD).

 

RAX

Signal (3 Months): 5.60

Predictability (3 Months): 0.07

Return: 25.02%

Rackspace Hosting, Inc. is the open cloud company. The Company offers a diverse portfolio of cloud computing services, including public, dedicated and private cloud, and hybrid hosting. It is a global company, selling its services to business customers in more than 120 countries. The company had a signal of 5.60 and a predictability of 0.07. In accordance with the algorthm prediction, the stock returned 25.02% in a three-month time horizon

ADP

Signal (3 Months): 3.97

Predictability (3 Months): 0.45

Return: 20.73%

Automatic Data Processing, Inc. (ADP) is a provider of business outsourcing solutions. ADP offers a wide range of human resource, payroll, tax and benefits administration solutions from a single source. ADP is also a provider of integrated computing solutions to auto, truck, motorcycle, marine, recreational vehicle, and heavy equipment dealers throughout the world. The company had a signal of 3.97 and a predictability of 0.45. In accordance with the algorthm prediction, the stock returned 20.73% in a three-month time horizon