Megacap Stocks Based on Algorithmic Trading: Returns up to 12.22% in 7 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: 7 Days (10/17/22 – 10/24/22)
I Know First Average: 7.68%
Megacap Stocks
Megacap Stocks chart

10 out of 10 stock prices in this forecast for the Mega Cap Forecast Package moved as predicted by the algorithm. The top performing prediction from this package was NVDA with a return of 12.22%. Other notable stocks were BAC and JPM with a return of 10.63% and 10.06%. The package had an overall average return of 7.68%, providing investors with a 1.70% premium over the S&P 500’s return of 5.98% during the 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.