Megacap Stocks Based on Big Data: Returns up to 28.79% 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 (10/21/24 – 11/21/24)
I Know First Average: 9.43%
The algorithm correctly predicted 8 out of 10 the suggested trades in the Mega Cap Forecast Package for this 1 Month forecast. The prediction with the highest return was SHOP, at 28.79%. Further notable returns came from BKNG and NFLX at 19.77% and 17.49%, respectively. The Mega Cap Forecast package had an overall average return of 9.43%, providing investors with a premium of 8.00% over the S&P 500’s return of 1.43%.
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.