Megacap Stocks Based on Data Mining: Returns up to 4.79% 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 (8/25/2019 – 9/1/2019)
I Know First Average: 3.27%
Megacap Stocks
Megacap Stocks chart

During the 7 Days forecasted period several picks in the Mega Cap Forecast Package saw significant returns. The algorithm had correctly predicted 10 out 10 returns. The top-performing prediction in this forecast was AMGN, which registered a return of 4.79%. Additional high returns came from FB and TSM, at 4.46% and 4.1% respectively. With these notable trade returns, the package itself registered an average return of 3.27% compared to the S&P 500’s return of 2.79% 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.