Megacap Stocks Based on Algo Trading: Returns up to 33.6% in 1 Month

Megacap Stocks

This stock market forecast includes the best megacap 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: 1 Month (6/12/2020 – 7/13/2020)
I Know First Average: 12.02%
Megacap Stocks
Megacap Stocks chart

This Mega Cap Forecast Package forecast had correctly predicted 9 out of 10 stock movements. The greatest return came from SHOP at 33.6%. NFLX and NVDA also performed well for this time horizon with returns of 23.48% and 14.28%, respectively. The Mega Cap Forecast package had an overall average return of 12.02%, providing investors with a premium of 6.92% over the S&P 500’s return of 5.1%.

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.