Megacap Stocks

This Megacap Stocks market forecast includes the best stocks determined by the algorithm with a market capitalization of more than $100 billion.

• 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: 3 Days (8/21/2020 – 8/24/2020)
I Know First Average: 1.61%

The algorithm correctly predicted 8 out 10 of the suggested trades in the Mega Cap Forecast Package for this 3 Days forecast. NVDA was the highest-earning trade with a return of 4.77% in 3 Days. HDB and JD also performed well for this time horizon with returns of 4.17% and 3.03%, respectively. With these notable trade returns, the package itself registered an average return of 1.61% compared to the S&P 500’s return of 1.35% for the same period.

NVIDIA Corporation (NVDA) is as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications

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.