Quick Win by the Algorithm:

On May 22nd, 2017, the I Know First algorithm issued a bullish forecast for Weight Watchers International Inc (NASDAQ: WTW). WTW had a signal of 311.79 and a predictability of 0.24. As a result, in accordance with the forecast, the company’s stock had a return of 22.61% within 1 month, showing a quick win by the algorithm.

Weight Watchers International Inc. is a provider of weight management services. The Company offers services and products that are built upon its weight management program, known as Beyond the Scale in North America. Furthermore, the company’s products and services include meetings conducted by its franchisees, digital weight management products provided through its Websites, mobile sites and applications, products sold at meetings, licensed products sold in retail channels and magazine subscriptions and other publications.

Weight Watchers International Inc. has posted a variety of encouraging results over the past calendar year. Recently, Weight Watchers saw a 16% increase in subscribers to 3.6 million, this marked their sixth straight quarter of positive subscriber growth. Revenue increased 7% to $329 million. The company rebounded from a loss of -$0.17 per share a year ago to a profit of $0.16 per share in May, 2017.

One significant reason for the turnaround is its partnership with Oprah Winfrey. The former TV host joined Weight Watchers’ executive board to expand the weight-loss program. Oprah helps market the company by tracking her weight-loss progress through the Weight Watchers program. In fact, in late December, 2016, Oprah Winfrey revealed to the world that she lost over 40 pounds using the Weight Watchers’ professional weight loss system. Oprah has been a dynamic influence for WTW. Additionally, her personal brand power will continue to help the development of the franchise.

Oprah Winfrey has been a key addition to Weight Watchers International Inc. Sometimes it takes a familiar face for the purpose of initiating a turnaround. As a result, WTW is in a prime position to establish themselves at the top of the weight loss industry.

Current I Know First subscribers received this bullish forecast on WTW on May 22, 2017. 

Before making any trading decisions, consult the latest forecast as the algorithm updates predictions daily. You can use the algorithm for intra-day trading. The predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.