Quick Win By The Algorithm: Specialty Products Providing A Much Needed Boon For CLMT

Quick Win By The Algorithm:

On June 11th, 2017, the I Know First algorithm issued a bullish 3 Month forecast for Calumet Specialty Products Partners L.P. (NASDAQ: CLMT). The forecast showed a signal of 37.80 and a predictability of 0.55. As a result, in accordance with the forecast, the company’s stock produced a return of 89.29% over this period, solidifying another quick win by the I Know First algorithm.

quick win

Calumet Specialty Products Partners, L.P. is a producer of specialty hydrocarbon products in North America. The Company operates through three segments: specialty products, fuel products and oilfield services. Its specialty products are sold to domestic and international customers. Using its products as raw material components for basic industrial, consumer and automotive goods. Lastly, in its fuel products segment, the Company processes crude oil into a range of fuel and fuel-related products, including gasoline, diesel, jet fuel, asphalt and heavy fuel oils, and resells purchased crude oil to third-party customers.

Stock Prediction Algorithm

Calumet Specialty Products Partners’ most proficient moneymaker over the past few years has been its specialty products segment. The speciality products segment has supplied 68% of the company’s earnings over the last year. Additionally, fuel products make up 32% of earnings, while oilfield services have been operating at a deficit.

CLMT is a leader in the field of specialty products. It currently operates nine specialty products manufacturing facilities in the U.S. that produce 4,500 products for distribution. Specifically, this business turns hydrocarbons into higher-valued products that its customers then use to make lubricating oils, solvents, white oils and petrolatums, and waxes.

The company is working hard to reduce the impact of direct exposure to commodity prices. They have been accomplishing this by selling off some of its refining assets, and investing to expand its specialty products segment. This effort should allow the company to focus on their core products, and in turn decrease profit volatility.

Current I Know First subscribers received this bullish CLMT forecast on June 11th, 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.