Megacap Stocks Based on Pattern Recognition: Returns up to 8.51% in 14 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: 14 Days (5/29/24 – 6/12/24)
I Know First Average: 3.23%
Megacap Stocks
Megacap Stocks chart

The algorithm correctly predicted 8 out of 10 the suggested trades in the Mega Cap Forecast Package for this 14 Days forecast. The highest trade return came from TSM, at 8.51%. ASML and AMAT also performed well for this time horizon with returns of 7.76% and 7.38%, respectively. The Mega Cap Forecast package had an overall average return of 3.23%, providing investors with a premium of 1.06% over the S&P 500’s return of 2.17%.

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.