Megacap Stocks Based on Data Mining: Returns up to 73.95% 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 (8/28/23 – 11/28/23)
I Know First Average: 13.91%
Megacap Stocks
Megacap Stocks chart

The algorithm correctly predicted 9 out of 10 the suggested trades in the Mega Cap Forecast Package for this 3 Months forecast. The top performing prediction from this package was PDD with a return of 73.95%. UBER and NOW followed with returns of 27.87% and 18.02% for the 3 Months period. This algorithmic forecast package presented an overall return of 13.91% versus the S&P 500’s performance of 3.39% providing a market premium of 10.52%.

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.