Megacap Stocks Based on Algorithmic Trading: Returns up to 13.79% 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 (8/4/23 – 9/5/23)
I Know First Average: 3.73%
This Mega Cap Forecast Package forecast has correctly predicted 8 out of 10 stock movements. The greatest return came from PDD at 13.79%. INTU and GOOG followed with returns of 10.79% and 6.17% for the 1 Month period. With these notable trade returns, the package itself registered an average return of 3.73% compared to the S&P 500’s return of -0.11% for 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.