Megacap Stocks Based on Algo Trading: Returns up to 8.03% in 14 Days

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: 14 Days (8/23/23 – 9/6/23)
I Know First Average: 3.86%
Megacap Stocks
Megacap Stocks chart

The algorithm correctly predicted 9 out of 10 the suggested trades in the Mega Cap Forecast Package for this 14 Days forecast. TSLA was the highest-earning trade with a return of 8.03% in 14 Days. ETN and NOW also performed well for this time horizon with returns of 6.59% and 6.53%, respectively. The package’s overall average return was 3.86%, providing investors with a 2.08% premium over the S&P 500’s return of 1.78% during the same period.

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.