Quick Win By The Algorithm

On September 27th, 2017, I Know First issued a bullish 3-days forecast for Tuesday Morning Corporation (NASDAQ: TUES). The forecast showed a signal of 63.95 and a predictability of 0.11. In accordance with the forecast, TUES’s stock returned 20.75% over this period, solidifying another quick win by the I Know First algorithm.

Tuesday Morning Corporation operates as a retailer of upscale decorative home accessories, housewares, seasonal goods, and gifts in the United States. The company offers various products, such as home textiles, home furnishings, housewares, and seasonal décor. It operates approximately 720 stores in 40 states. Tuesday Morning Corporation was founded in 1974 and is headquartered in Dallas, Texas.

Tuesday Morning Corporation reaffirmed its positive outlook for fiscal 2018. The company is expecting an increase in comparable store sales in the range of 2% to 5%. Moreover, the company’s CEO, Steven Becker announced that TUES is already on its path to deliver a significant improvement in EBITDA.

The company continues to make operational improvements in their supply chain and is being successful in repositioning their real estate portfolio. Furthermore, TUES is still focusing on improving their product assortment and increasing the effectiveness of their marketing dollars and their disciplined cost and working capital management.

Additionally, TUES announced a cooperation agreement with Jeereddi Partners, LLC, Purple Mountain Capital Partners, LLC and their affiliates, the Investor Group. TUES Board of Directors agreed to nominate Chief Executive Officer of Purple Mountain Capital Partners, as an independent director candidate on Tuesday Morning’s slate of director nominees for election at the 2017 Annual Meeting of Stockholders.

These agreement has as its main focus to allow TUES Board of Directors and management to focus on delivering value to all stakeholders.

Current I Know First subscribers received this bullish TUES forecast on September 27th, 2017. 

Disclaimer

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.