Best Tech Stocks Based on Data Mining: Returns up to 125.45% in 1 Year
Package Name: Tech Giants Stocks ForecastRecommended Positions: Long
Forecast Length: 1 Year (6/28/2019 - 6/29/2020)
I Know First Average: 38.86%
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Package Name: Tech Giants Stocks ForecastRecommended Positions: Long
Forecast Length: 1 Year (6/28/2019 - 6/29/2020)
I Know First Average: 38.86%
Bank Stocks Based on Genetic Algorithms: Returns up to 8.7% in 3 Days
Package Name: Bank Stock ForecastRecommended Positions: Short
Forecast Length: 3 Days (6/26/2020 - 6/29/2020)
I Know First Average: 2.03%
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Australian Stocks Based on Genetic Algorithms: Returns up to 6.38% in 3 Days
Package Name: By Country - Australian Stocks
Recommended Positions: Short
Forecast Length: 3 Days (6/26/2020 - 6/29/2020)
I Know First Average: 1.68%
Recommended Positions: Short
Forecast Length: 3 Days (6/26/2020 - 6/29/2020)
I Know First Average: 1.68%
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Momentum Stocks Based on Stock Market Algorithm: Returns up to 6.38% in 3 Days
Package Name: 52 Week High StocksRecommended Positions: Short
Forecast Length: 3 Days (6/26/2020 - 6/29/2020)
I Know First Average: 1.69%
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52 Week High Stocks Based on Deep-Learning: Returns up to 7.66% in 14 Days
Package Name: 52 Week High StocksRecommended Positions: Long
Forecast Length: 14 Days (6/14/2020 - 6/29/2020)
I Know First Average: 1.82%
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I Know First Weekly Review Algorithmic Performance: June 29, 2020
I Know First Weekly Newsletter
Investment Selection Using AI Predictive Algorithm
June 29, 2020
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Amazon Stock Forecast: Do Not Panic Amazon Stock Can Still Hit $3000
The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.
Summary
- I reiterate the buy rating I gave AMZN last February 27. Back then, I gave it a 1-year price target of $2,500.
- I am now raising my price target for AMZN to $3,000. The COVID-19 tailwind is still extraordinarily strong for AMZN.
- The $1.2 billion recent purchase of self-driving car company Zoox is a future growth driver for Amazon.
- Going forward, Amazon Logistics can have future self-driving delivery cars and trucks that can cover most of North America.
- Aside from work-from-home, Amazon Web Services also has a tailwind from the learn-from-home education new normal.
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