Megacap Stocks Based on Data Mining: Returns up to 13.53% 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 (5/15/24 – 6/15/24)
I Know First Average: 4.57%
Megacap Stocks
Megacap Stocks chart

In this 1 Month forecast for the Mega Cap Forecast Package, there were many high performing trades and the algorithm correctly predicted 7 out of 10 trades. The top performing prediction from this package was TSM with a return of 13.53%. KLAC and AMAT followed with returns of 13.0% and 12.97% for the 1 Month period. The package itself saw an overall return of 4.57%, providing investors with a 1.05% premium above the S&P 500’s return of 3.52% for the same time 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.