I Know First Weekly Review Algorithmic Performance: June 16th, 2020

I Know First
Weekly Newsletter | June 16th, 2020

Good morning, I Know First universe.

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

  • Top Trade Ideas – Buy Based on Algo Trading: Returns up to 112.0% in 7 Days
☆ Top 10 Stock For This Week Based On AI Powered Algorithm + Top 20 Stocks For June 2020☆

Need to Know First!

  • Stock Scanner Based on Algo Trading: Most Aggressive Stocks Return up to 357.5% in 3 Days
  • Trade Ideas Based on Pattern Recognition: Returns up to 99.16% in 14 Days
  • Risk Conscious Stocks Based on Genetic Algorithms:  Average Return of 196.08% in 1 Month
  • Best Biotech Stocks Based on Algo Trading: Returns up to 390.53% in 3 Months
  • Amazon (AMZN) has gained 33.49% since April 4, 2020 as it has recovered from the sell offs that plagues the beginning of the year.
  • Apple (AAPL) Stock is up 11.54% since we posted a bullish May 8, 2020 prediction based on the latest Apple price target.
  • Adobe returns up to 17.88% in just one week since April 21,2020 when an upside identified potential for the medical stock during the Coronavirus pandemic. 

Weekly Winning Forecasts

3 Days

Strong Buy Stocks: 14.17% Yield
Aggressive Stocks: 80.65Avg
Top Stocks to Short: 12.51% Return

7 Days

High Risk Stocks: 27.44% Average
Top 10 Stocks: 32.80% Return 
ETF Forecast: 17.68% Yield

14 Days

Top Trade Ideas: 34.99% Average
S&P 500 Stock Picks: 19.84% Yield
Options Outlook: 45.55% Return

1 Month

Aggressive Stocks: 196.08% Yield
Top 10 Stocks: 44.36% Return
Dividend Stocks: 34.67% Average

3 Months

Best in Biotech: 390.53% Return
Stock Scanner: 317.18% Yield
Coronavirus Stocks: 46.43% Avg

1 Year

Promising AI Stocks: 88.82% Avg
Top Tech Stocks: 144.96% Yield
Computer Stocks: 80.91% Return

☆ Predicting Next Weeks Winning Stocks By Using Deep Learning☆

Snippets From Our Top Blog Posts For The Week:

Stay Ahead Of The Curve: AI Weekly

Nvidia Stock Forecast: Prices May Be Up, But So Is The Price Target 

The 1Q revenue of $3 billion is +38.7% year-over-year proof that Nvidia is pandemic-boosted. Nvidia’s feat of increasing its quarterly revenue (while there was strict quarantine and shuttered factories in China) is why its stock recently posted a new 52-week high of $357.27. Nvidia currently has a majority of positive technical indicators such as moving averages. It is now relatively overvalued compared to its sector peers. However, investors invest in currently overvalued companies because they are performing better than their peers. Overvalued companies are also perceived as having the best future growth/profit potential.

Last May, I Know First Senior Analysts gave Nvidia a price target of $320. The top tech stock is not trading above $350. This analyst has now updated the price target to $388 which reflects the predictive AI of I Know First which still has a mega super bullish one-year forecast for Nvidia’s stock.

Read more.

AI On Options Trading: Bet On The Data

Options are derivatives that allow you to buy or sell a specific security at a certain price, known as the strike price, within a specified time period. The options that allow the holder to buy the security at the strike price before maturity are called put options. Put options counterparts, which are used for selling the underlying asset, are referred to as call options. American options normally allow trading the security at any point within the period they cover, while European options can limit the window of opportunity to the time of their maturity.

It is quite easy to see why predictive AI and these derivatives click so well together. In most cases, to make a profit on options, you need to have a picture of what happens next on the securities that you are working with. An AI-generated forecast would come in handy here, joining the arsenal of the tools of the trade alongside technical or fundamental analysis. Derived exclusively from objective data and lacking any human bias or emotion, AI would seamlessly complement the trader’s own skills and brilliance.

Read more.

AI Anticipates Which Sectors Will Perform Best During Coronavirus Pandemic 

Atypical times do not happen frequently. It is hard to predict when or where they will show, but in fact, they are inevitable. For now, the coronavirus pandemic has pulled the trigger for a complete hit in the stock market. One good way to understand where to invest in today’s situation is knowing where you should not put your money on. Even though we can see some recovery in stocks’ prices and indexes, most of them are still below the price they have started the year with.

Of course, the market does not only consist of bad news. Some sectors did appear as a good opportunity to profit. Some examples of this are streaming services, medical sotcks, and delivery services. When commerce is being limited, it is time for e-commerce to profit. Shopify, one of the biggest companies in this area, is seeing a huge boost in its stock. Over the last six months, Shopify stock (SHOP) jumped from 427 dollars to $1,027, an incredible increase of almost 254%

The opportunities to profit keep appearing in these moments and missing one of them may result in a loss that may not be recovered quickly. By using the AI stock market predictions of the I Know First algorithm, it is possible to find these opportunities much earlier, generating in more profit or, at least, avoiding losses during the Coronavirus pandemic.

Read more.

Algorithmic Trading: How To Make A Systematic Trading Strategy

Allocating your portfolio in a way that maximizes returns and minimizes risk can be tricky. In order to reduce volatility, high yield strategies are often ignored. In theory, if you were able to pick one stock a day you were most certain will go up – in order to maximize expected returns you would only invest in that stock. The downside, of course, is also maximizing your risk exposure. 

While we have discussed this in articles before, we want to make it as easy as possible for you to implement our machine learning algorithmic forecasts into your portfolio, so we’ve created a video that shows you how to go about this. The video goes through a method of allocating funds using the I Know First artificial intelligence system. This will link between algorithmic signals, and actual market buy/sell decisions. If you’re interested in finding new ways to apply I Know First’s Daily Market Forecasts to your portfolio, check it out!

Read More

Twitter Stock Forecast: Why You Should Still Go Long On Twitter

Twitter’s stock touts a 1-month price return of 24.23%. Profit taking now is justified. However, this stock is still as a buy. TWTR has recovered from its March sell-off 52-week low of $20. Twitter has been profitable for the past two years. It has matured its business model to the point it can now profit from its niche platform for digital advertisers. 

Twitter’s unique 280-word messaging platform is highly-social and news-driven. Political news or any news makes Twitter forever relevant in this world. Marketers will continue to buy ad placements on Twitter’s advertising platform because most Twitter users are better educated and with high-income. TWTR is a buy because it is already mature enough to sustain its growth momentum without incurring net losses. Twitter has gathered enough loyal users so that it can be consistently profitable.

Read more.

Want to learn more?

Letter from the CEO

Dear Readers, 

U.S. stocks closed higher Friday in choppy trading as Wall Street attempted to recover from Thursday’s steep losses but left the benchmark indexes with their biggest weekly losses since March 20. Before Thursday’s drop the I Know First Predictive Algorithm started to predict an increase in the market volatility. On June 10, the 3 day volatility trading forecast was very bullish. In accordance with the AI prediction, the VIX, a commonly used measure of volatility, increased by 30.90%. 

The VIX index is part of our new short term indices package. This new short term model is extremely useful for day trading in the US indices and includes forecasts for one day to six days. This package includes daily forecast for SPY, S&P 500, VIX as well as the popular Nasdaq and Dow Jones. You can join here!

Despite Thursday’s drop, the algo managed to outperform this week with the aggressive package. Over 7 days, the algorithm saw an average return of 27.44% vs the S&P’s loss of 4% led by DPW, ENT and QEP with 112%, 55% and 52% returns respectively. The same aggressive stock package also outperformed in the 14 day time frame thanks to QEP, TUP, KIRK, and NBR with respective gains of 99%, 48%, 42, 41% in 2 weeks. All of the stocks in this forecast beat the indexes over the last 2 weeks with an overall average return of 35% vs performance of -0.1% of the index itself.

Another super successful forecast this week was the best in biotech package over 3 months. NVAX led the charge with 390.53% gain followed by NAVB with a 247.67% return and PSTI leading to 136.36% return, leading to an overall average return of 104% vs performance 22% of the S&P 500 index itself. Keep reading the weekly newsletter or subscribe to one of our daily market forecast package so you can know first which packages will be next! You can get access to all of these bespoke packages 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 is the top-left symbol in each stock prediction?
A: The top-left symbol is the stock ticker for each forecasted stock.

Q: What is the middle-right number in each stock prediction? 
A: The middle-right number is the signal. The signal expresses the direction and magnitude the algorithm believes an asset will move. A positive signal denotes a long prediction and a negative signal denotes a short prediction. A strong signal indicates that algorithm believes that the stock will move by a large magnitude. A strong symbol varies by the market being analyzed — the stock market has relatively large signals because it is volatile while the currency market has relatively small signals because it’s movements are less pronounced.

Q: How do I analyze an asset’s signal?
A: When analyzing an asset’s signal it is important to compare its present signal relative to those of other assets in its asset class as well as to its own historical signals. The absolute number of the signal is relevant only in these three contexts:
1. In comparison to the other stocks in the table, and
2. In comparison to the previous signals for the same stock. (See the graphs in the published articles).
3. In relation to the stock price at which each previous signal was issued.

Q. What is the bottom-left number in each stock prediction?
A. The bottom-left number is the predictability. The predictability is the confidence of the algorithm’s prediction, a relative indicator of how likely the stock will move in the predicted direction. The predictability is the historical correlation between the algorithmic prediction and the actual market movement for each particular asset. As with signals, predictabilities are relative, therefore, it’s important to compare an asset’s present predictability to its historical predictabilities. Each cell has the values for the signal and the predictability. If the cell has only one, or no values, it means they are zero, or close to zero.

Get Access to the Latest Heatmap + Daily Market Forecasts!

Commodities, Gold & Currencies

Gold Price Forecast Based on AI:
Returns up to 10.79% in 3 Months

June 14 | Read More

AI Based Gold Outlook: 
Returns up to 30.28% in 1 Year
June 14 | Read More

Commodity Future Prediction:
Returns up to 20.54% in 14 Days
June 14 | Read More

Forex Forecast Based On AI: 
71.15% Hit Ratio in 14 Days
June 14 |
Read More

Exchange Rate Forecast by AI:
76.92% Hit Ratio in 1 Month
June 14 |
Read More

Forex Market Forecast:
84.62% Hit Ratio in 7 Days
June 10 | Read More

Find the Latest Top Commodities and Currency Pairs With AI Insight

Weekly Apple Stock Update

This week’s Apple Stock News discusses what to expect from this year’s WorldWide Developer Conference.

This year’s WWDC announcements are likely to be more subdued because they won’t be done on stage in front of a cheering crowd, according to Apple news, but it’s clear that Apple will have a number of announcements to make.

Graphical assets discovered in internal betas of iOS 13 strongly suggest that Apple is going to launch some kind of object tracker, Airtag, in the near future, that can be attached to wallet, keys and other important items. And the Airtag will work with the Find My app so you can keep track of important items and find them when they are lost.

Moreover, the iMac has looked the same for around a decade, change is well overdue and 2020 might be the year we finally see it! Alternatively, we’ll see a new iMac in the same old design, but with much-needed specs improvements.

Read more.

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