Momentum Trading Strategies

This Retail Stocks forecast is designed for investors and analysts who need momentum trading strategies for the best stocks to invest in the retail estate sector (see Retail Stocks Package). It includes 20 stocks with bullish and bearish signals:

• Top 10 Retail stocks for the long position
• Top 10 Retail stocks for the short position

Package Name: Retail Stocks
Recommended Positions: Long
Forecast Length: 7 Days (7/16/21 – 7/24/21)
I Know First Average: 2.8%

8 out of 10 stock prices in this forecast for the Retail Stocks Package moved as predicted by the algorithm. HZO was our best stock pick this week a return of 13.05%. The suggested trades for HMHC and DKS also had notable 7 Days yields of 10.1% and 5.56%, respectively. The package had an overall average return of 2.8%, providing investors with a 1.61% premium over the S&P 500’s return of 1.19% during the period.

MarineMax, Inc. (HZO) operates as a recreational boat retailer in the United States. It sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and yachts; fishing boats; convertible yachts; motor yachts; jet boats; and ski boats. The company also offers marine parts and accessories that comprise marine electronics; dock and anchoring products consisting of boat fenders, lines, and anchors; boat covers; trailer parts; water sport accessories, such as tubes, lines, wakeboards, and skies; engine parts; oils; lubricants; steering and control systems; corrosion control products; service products; high-performance accessories, including propellers and instruments; and a line of boating accessories comprising life jackets, inflatables, and water sports equipment. In addition, it provides marine engines and equipment; novelty items, such as shirts, caps, and license plates; and maintenance, repair, and slip and storage accommodation services. Further, the company offers new or used boat finance services; arranges insurance coverage, including boat property, credit life, accident, disability, and casualty insurance coverage; assists in arranging extended service contracts; provides boat or yacht brokerage services; and conducts a yacht charter business. As of September 30, 2015, it operated through 53 retail locations in Alabama, California, Connecticut, Florida, Georgia, Maryland, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, and Texas. Additionally, the company operates vacations in Tortola, British Virgin Islands. MarineMax, Inc. (HZO) sells its products through offsite locations, print catalog, and Internet. The company was founded in 1998 and is headquartered in Clearwater, Florida.

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.