Megacap Stocks Based on Artificial Intelligence: Returns up to 9.56% in 1 Month

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: 1 Month (8/9/2020 – 9/10/2020)
I Know First Average: 3.4%
Megacap Stocks
Megacap Stocks chart

The algorithm correctly predicted 8 out 10 of the suggested trades in the Mega Cap Forecast Package for this 1 Month forecast. AVGO was the highest-earning trade with a return of 9.56% in 1 Month. Additional high returns came from MCD and BUD, at 6.18% and 4.83% respectively. The Mega Cap Forecast package had an overall average return of 3.4%, providing investors with a premium of 3.76% over the S&P 500’s return of -0.36%.

Broadcom Inc., formerly Broadcom Limited, incorporated on March 3, 2015, is a designer, developer and global supplier of a range of semiconductor devices with a focus on digital and mixed signal complementary metal oxide semiconductor (CMOS)-based devices and analog III-V based products. The Company operates through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage and Industrial & Other. It offers a range of products that are used in end-products, such as enterprise and data center networking, home connectivity, set-top boxes (STBs), broadband access, telecommunication equipment, smartphones, data center servers and storage systems, factory automation, power generation and alternative energy systems, and electronic displays. Its product portfolio ranges from discrete devices to complex sub-systems that include multiple device types, and also includes firmware for interfacing between analog and digital systems. Its products include mechanical hardware that interfaces with optoelectronic or capacitive sensors.

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.