Megacap Stocks Based on Predictive Analytics: Returns up to 45.43% in 3 Months

September 16, 2020

Mega cap Stocks

This Megacap Stocks market forecast includes the best 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: MegaCap Stocks Forecast
Recommended Positions: Long
Forecast Length: 3 Months (6/14/2020 – 9/15/2020)
I Know First Average: 18.71%
Megacap Stocks
Megacap Stocks chart

9 out of 10 stock prices in this forecast for the MegaCap Stocks Forecast Package moved as predicted by the algorithm. The prediction with the highest return was NVDA, at 45.43%. Other notable stocks were JD and SHOP with a return of 32.78% and 25.16%. The package itself saw an overall return of 18.71%, providing investors with a 6.88% premium above the S&P 500’s return of 11.83% for the same time period.

NVIDIA Corporation (NVDA) is as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications

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.

Mega Cap Forecast