Stock Prediction Quick Win by the Algorithm: Bullish Trend Continues for SYX

Quick Win by the Algorithm:

On May 19th, 2017, the I Know First algorithm issued a bullish forecast for Systemax Inc. (NYSE: SYX). SYX had a signal of 138.85 and a predictability of 0.31. As a result, in accordance with the forecast, the company’s stock had a return of 25.37% over a one-month period, showing a quick win by the algorithm.

Quick Win

Systemax is a leading retailer of brand name and private label industrial and technology products. Based in the United States and with a global clientele, SYX is equipped with a board and executive management team that collectively brings over 100 years of service and experience with the company and even more in the industry. Their establishment of a strong reputation for innovative and high-quality products has allowed the company to evolve into new markets and extend its growth prospects.


quick win

Starting in March, Systemax’s shares have risen uninterrupted from $7.86 to $18.75; a more than 100% increase. Following a large jump in price in early May, SYX had been flat until picking back up again throughout the rest of May and June. The catalyst for this resumption of upward trend was the earnings report released on June 1st. After a fear-inducing 2015 Net Income growth rate of -166.13%, the company bounced back in a big way, yielding a 67.33% increase in 2016 Net Income; an extremely positive signal for market participants. Systemax has also been paying quarterly dividends, with quarter-over-quarter dividend growth of 100%. The interest has only increased from here. Following this renewal of interest in the company and stock, Systemax has been receiving positive media coverage and hype, causing the stock to rise 25.37% as predicted by the I Know First algorithm.

Current I Know First subscribers received this bullish forecast on SYX on May 19, 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.