Mega Cap Stocks

This stock market forecast includes the best stocks determined by the algorithm with a market capitalization of more than $100 billion and indicates mega cap stocks to buy.

• Top 10 Mega Cap stocks for the long position
• Top 10 Mega Cap stocks for the short position

Package Name: Mega Cap Forecast
Recommended Positions: Long
Forecast Length: 1 Month (6/5/2020 – 7/6/2020)
I Know First Average: 3.93%

The algorithm correctly predicted 6 out 10 of the suggested trades in the Mega Cap Forecast Package for this 1 Month forecast. SHOP was the top performing prediction with a return of 34.22%. Other notable stocks were NFLX and NVDA with a return of 19.18% and 12.24%. The package saw an overall yield of 3.93% versus the S&P 500’s return of 2.16% implying a market premium of 1.77%.

Shopify Inc. (SHOP) provides a cloud-based and multi-channel commerce platform for small and medium-sized businesses. Its platform provides merchants with a single view of their business and customers in various sales channels, including Web and mobile storefronts, social media storefronts, mobile apps, and physical retail locations; and enables them to manage products and inventory, process orders and payments, ship orders, build customer relationships, and leverage analytics and reporting. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. (SHOP) in November 2011. Shopify Inc. (SHOP) was founded in 2004 and is headquartered in Ottawa, Canada.

Algorithmic traders utilize these daily forecasts by the I Know First market prediction system as a tool to enhance portfolio performance, verify their own analysis and act on market opportunities faster. This forecast was sent to current I Know First subscribers.

How to interpret this diagram

Algorithmic Stock Forecast: The table on the left is a stock forecast produced by I Know First’s algorithm. Each day, subscribers receive forecasts for six different time horizons. Note that the top 10 stocks in the 1-month forecast may be different than those in the 1-year forecast. In the included table, only the relevant stocks have been included. The boxes are arranged according to their respective signal and predictability values (see below for detailed definitions). A green box represents a positive forecast, suggesting a long position, while a red represents a negative forecast, suggesting a short position.

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