I Know First Weekly Review Algorithmic Performance: July 29th, 2020

I Know First
Weekly Newsletter | July 29th, 2020

Good morning, I Know First universe.

We’re happy to share our best article and stock prediction of the week:

  • Top Trade Ideas – Top Biotech Stocks Based on Pattern Recognition: Returns up to 553.21% in 3 Months
☆ Beat Stock Market With AI: Top 20 Stock Picks For Next Week + S&P 500 Forecast ☆

Need to Know First!

  • Trade Ideas Based on Deep-Learning: Returns up to 21.73% in 3 Days
  • High Risk Stocks Based on Predictive Analytics: Returns up to 37.76% in 7 Days
  • Strong Buy Stocks Based on Big Data: Returns up to 17.44% in 1 Month
  • Options Outlook Based on Predictive Analytics: Returns up to 105.36% in 1 Month
  • Taiwan Semiconductor Manufacturing (TSM) Stock is up 48.39% since May 26, 2020 as business with other Chinese vendors make up for lost revenue from Huawei and the company boasts an excellent balance sheet
  • Abiomed (ABMD) Stock is up 34.77% since May 29, 2020 as the company acquires Breethe, a developer of extra-corporeal membrane oxygenation (ECMO) systems to expand their product portfolio.
  • Ericsson (ERIC) Stock returns up to 22.60% since July 2, 2020 as sanctions on Huawei boast Ericsson’s market share and companies choose Ericsson for high-profile 5G infrastructure deployment contracts.  

Weekly Winning Forecasts

3 Days

Energy Stocks: 8.9% Average
Aggressive Stocks: 21.73% Return
Top S&P 500 Stocks: 13.41% Yield

7 Days

High Risk Stocks: 14.72% Average
Best in Biotech: 37.62% Return
Options Outlook: 27.17% Yield

14 Days

Fundamental Stocks: 23.16% Avg
Aggressive Stocks: 80.56% Yield
Top Stock Picks: 17.44% Return

1 Month

Top Options: 29.43% Average
High Risk Stocks: 92.26% Return
Corona Stocks: 126.18% Yield

3 Months

Top Biotech Picks: 121.77% Avg
Corona Forecast: 624.48% Yield
S&P500 Forecast: 95.97% Return

1 Year

Promising AI Stocks: 99.22% Avg
Best in Technology: 136.51% Yield
Options Forecast: 128.24% Return

☆Predicting Next Week’s Winning Stocks By UsingDeep-Learning  ☆

Snippets From Our Top Blog Posts For The Week:

Stay Ahead Of The Curve: AI Weekly

Stock Picking Strategies and Trading Methods with I Know First Algorithm

The I Know First predictive algorithm has a proven track record of consistent accuracy and strong performance. Built on artificial intelligence and machine learning methods, the algorithm runs purely on empirical data, avoiding the pitfalls associated with human-made judgment errors. Despite this predictive power, it is important that investors do not invest by blindly following the algorithmic forecasts. Instead, they should employ stock picking strategies and trading methods to better implement the forecasts into their trading.

When picking assets from the forecast, it is important to follow the predictability and trend signal indicators. Depending on how much risk they want to take on, investors can either implement a conservative, risky, or balanced strategy. Regardless of their investing style, it is recommended that traders follow all time frames in the forecast regardless of their desired holding period in order to find consistency in their chosen asset. Additionally, following the general market trend can provide more rounded insights of how assets might move. Strategies like these are crucial for investors to employ in the manner they seem fit in order to get the best performance from the algorithm.

Read more.

Swing Trading Strategies: Trade and Win Fast With AI Stock Picks

In every trade, investors wonder how long the holding period for a stock investment should be. Questions arise on whether fundamental analysis can help an investment turn successful or whether technical analysis can help in short-term trading. Perhaps a different kind of price speculation altogether is the answer. One strategy that helps employ these questions in a constructive manner is swing trading, a type of trading that tries to capture short to medium gains over a relatively short time period.

In swing trading, the investor tries to anticipate the stock’s price movement for the next couple days or weeks. Finding trades where reward seemingly outweighs risk, traders perform technical analysis like that of the stock k-line, the moving average, and noticing patterns or trends in recent trading. Although time-consuming, swing trading can be profitable with the correct choice of entry and exit points, stop loss placements, and risk mitigation. However, time can be saved when trading is augmented with the I Know First predictive algorithm. Consistently reliable in predicting swing trading movements, the algorithm can help provide empirical insights to traders focused on fundamental analysis.

Read more.

How To Trade Stocks on Interactive Brokers – AI vs Human Stock Predictions

A US-based online trading brokerage, Interactive Brokers is a one-stop-shop for traders who can use their platform to trade globally with a single integrated account in stocks, options, futures, EFPs, forex, bonds, and funds. Mainly serving institutional investors, the platform is now introducing new products and resources to better cater to newer or less active traders. However, Interactive Brokers users don’t have to rely solely on the site to get accurate information on potentially good trades.

The I Know First algorithm provides empirically driven AI predictions for all the assets trading on the Interactive Brokers platform. Due to herd mentality and often human-made errors, analyst advice isn’t always as accurate as traders would like to believe. Although important, this advice must be paired with information that is not biased to human judgment and is objectively derived from raw data. For this, investors can use the I Know First predictive forecasts to add objective insights to their already available human analyst recommendations, better rounding out their chances at making a smart trade.

Read more.

EBAY Stock Price: Why eBay Deserves A Price Target of $70

eBay confirmed the April 25, 2019 buy recommendation by rising from its then price of $38.52 to $58.47 as of July 20, 2020. The recent sale of its Classifieds advertising unit will only further help boost eBay’s profit capabilities to deliver the now predicted 1-year target of $70. With a 52-week high of only $61.06, eBay has strong room to grow going forward in 2020.

With the Coronavirus pandemic seeing a rise in confirmed cases, online retailers like eBay will most likely see a surge in their online sales as more people are either on lock-down or home sick. As people continue to lose jobs because of the current crisis, eBay will only be boosted more so as people resort to selling their items to make ends meet. With projected revenues increased because of these factors and a strong 1-year bullish prediction from the I Know First algorithm, eBay remains a strong buy into the coming year.

Read More

Crypto and Blockchain: A Future Bitcoin Price Prediction 

First invented in 1991 by Stuart Haber and W. Scott Stornetta, blockchain technology has revolutionized how currencies and other methods of data storage and manipulation are now viewed. Defined as a ‘distributed, decentralized, public ledger’, blockchain first found its call to fame in the advent of Bitcoin, a revolutionary new concept of a digital currency that took the world by storm after the financial crisis in 2008.

With hundreds of new cryptocurrencies following the lead of Bitcoin, including the second-generation of crypto, Ethereum, cryptocurrency has soared to new heights with each new project trying to tackle on a different issue, whether it be privacy, speed, or utility. As third-generation currencies start to edge out the door like Cardano, more businesses and governments begin to use and legitimize Bitcoin and other coins as authentic, and daring projects try to implement blockchain in issues like voting or healthcare, it is important that we don’t lose our chance to jump on this perpetual speed-gaining train of innovation.

Read more.

Want to learn more?

Letter from the CEO

Dear Readers, 

The Aggressive Stocks package was one of the leading packages over the past week. In the 3-day forecast, FET, KIRK, and OSTK all had returns of 21.73%, 18.80%, and 12.10%, respectively. The total average return of the forecast was 6.43%, outperforming the S&P 500 index by a total of four times! In the 7-day forecast, KIRK, NVAX, and OSTK all had returns of 37.76%, 34.86%, and 25.94%, respectively. The total average return of the forecast was 14.72%, outperforming the S&P 500 index by a total of four times!

Despite a negative trend the past three days, the Energy Stocks package managed to outperform the market. In the 3-day forecast, NBR, LPI, and OIS all had returns of 38.04%, 17.42%, and 16.41%, respectively. The total average return of the forecast was 8.90%, outperforming the S&P 500 index which showed a -1.11% return! Another strong example of outperforming the index is the S&P 500 Stock package’s 14-day forecast, where NVR, TMHC, and HOG all had returns of 17.44%, 17.30%, and 12.89%, respectively. The total average return of the forecast was 7.43%, outperforming the S&P 500 index by a total of three times!

This week is critical for markets as some of the biggest names in tech including Apple and Amazon are to report earnings. Trader say that these earnings need to justify the high valuations these companies currently hold on the NASDAQ. The I Know First algorithm is covering this sector with two packages, the Tech Giants package and the Tech Stocks package. In the 1-month forecast for the Tech Giants package, IAC, YNDX, and AMZN all had returns of 32.70%, 22.80%, and 17.32%, respectively. The total average return of the forecast was 11.50%, outperforming the index by a total of two times! In the 7-day forecast for the Tech Stocks package, PLT, YNDX, and RDWR all had returns of 21.21%, 8.31%, and 7.83%, respectively. The total average return of the forecast was 6.57%, outperforming the S&P 500 index by a total of two times!

With Bitcoin pushing past the $10,000 resistance line we felt it necessary to provide you with a special Bitcoin price forecast. It is never too late to learn about the innovative world of blockchain and to secure a hold in the Bitcoin craze. In fact, did you know that you can get this forecast every day? Whether it be Bitcoin or any other asset, the I Know First predictive algorithm can provide customizable forecasts for any portfolio you desire. To access these packages, click here!

Warmest Regards

Yaron Golgher, Co-Founder and CEO

Q&A With I Know First
I Know First’s Daily Market Forecasts And How to Interpret the Numbers

Q: What are the Top 10 stock predictions?
A: The Top 10 stock predictions are the stocks that are poised to grow the most (have the strongest positive signals).

Q: What is the S&P 500 stock prediction and why do you include it?
A: The S&P 500 is the major US index and is the general indicators for the direction of the US stock market. If the algorithm predicts that the S&P 500 will go up, then it is a good sign that the stock market will generally increase. It helps in decision making. It is generally preferable to go long the Top 10 stocks when the S&P 500 has a positive prediction, and to go short the 10 stocks on the bottom of the table when the S&P 500 has a negative prediction.

Q: How should I use the S&P 500 forecast?
A: The S&P 500 is a great representation of the general US stock market. If the algorithm predicts that the S&P 500 will go up, then it is a good sign that the stock market will generally increase. If the predictability for the S&P 500 is relatively weak, then it is important to be cautious, as the algorithm is unconfident about the direction of the stock market.

Q. Which time horizons should I follow?
A. The longer-term forecasts (1-month and 3-month) tend to have higher predictabilities as the algorithm can more easily spot long-term trends. We suggest following these two time horizons the most closely, but the more reactionary shorter term horizons are helpful in understanding the short-term volatility of the market. Perhaps if you see that a stock with a strong, positive 3-month prediction has a negative short-term forecast, it is a good idea to wait until the stock decreases in value before buying it.

Q. How should I use the predictabilities and signals?
A. It is recommended that investors consider both the signal strength and predictability, as a highly predictable stock that barely moves and an unpredictable stock that is projected to move drastically both make unattractive investments.

Get Access to the Latest Heatmap + Daily Market Forecasts!

Commodities, Gold & Currencies

Gold Based on Deep Learning:
Returns up to 18.52% in 3 Days

July 26 | Read More

Gold Price Based on Big Data: 
Returns up to 18.62% in 7 Days
July 26 | Read More

Gold Based on Algo Trading:
Returns up to 26.64% in 14 Days
July 26 | Read More

Currency Forecast by AI: 
73.08% Hit Ratio in 3 Days
July 26 |
Read More

Forex Market Forecast:
69.23% Hit Ratio in 7 Days
July 26 |
Read More

Exchange Rate Forecast:
69.23% Hit Ratio in 14 Days
July 26 | Read More

Weekly Apple Stock Update

This week’s Apple Stock News discusses Apple’s plans to become 100% carbon neutral by 2030, addition of audio stories for their Apple News+ subscribers, and app developers’ concerns over their relatively large commission fees.

Apple has recently committed to being 100% carbon neutral by the year 2030, 20 years earlier than the Intergovernmental Panel of Climate Change (IPCC)’s targets. Looking to reduce emissions, Apple has designed a robot that recycles previous metals from old iPhones to reuse in newer models. According to Apple Newsroom, this process has led to a carbon footprint reduction of 4.3 million metric tons in 2019. Apple is also investing in a new carbon-free aluminum smelting process for the 16-inch MacBook Pro and has reduced fluorinated gas emissions in manufacturing by 242,000 metric tons in 2019. This comes as no surprise from a company that is already 100% renewable energy powered in all of its facilities.

In other news, Apple has added audio stories with a larger depth of options for its Apple News+ subscribers. Apple News Today offers a free daily audio news briefing for all users. US Apple News+ users will have access to roughly 20 audio stories on a weekly basis, including articles offered by a collection of popular and mainstream news outlets.

App developers have recently voiced concern over Apple’s seemingly large commission fees. Claims have come that the App Store is too large, allowing Apple to unfairly benefit from the dominance of the platform. Next week, Apple CEO Tim Cook will testify in front of Congress regarding these antitrust issues. A requested Analysis Group review by Apple of its Apple App Store commission charges shows that Apple’s 30% commission charge is industry standard.

Read more.

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