Megacap Stocks Based on Data Mining: Returns up to 46.17% in 3 Months
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: 3 Months (2/21/23 – 5/21/23)
I Know First Average: 11.85%
I Know First’s State of the Art Algorithm accurately forecasted 7 out of 10 trades in this Mega Cap Forecast Package for the 3 Months time period. The prediction with the highest return was NVDA, at 46.17%. The suggested trades for META and GOOGL also had notable 3 Months yields of 42.09% and 30.11%, respectively. This algorithmic forecast package presented an overall return of 11.85% versus the S&P 500’s performance of 2.77% providing a market premium of 9.08%.
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.