S&P 500 Forecast Based On Deep Learning: Up To 40.67% Return in 30 Days

S&P 500 Forecast

This forecast is part of the “Top 10 Stock Picks” package, as one of I Know First’s algorithmic trading tools. The full Top 10 Stock Picks forecast includes a daily prediction for a total of 20 stocks with bullish and bearish signals:

  • top ten stocks pick to long
  • top ten stocks pick to short
  • S&P 500 forecast

Package Name: Top 10 Stocks
Forecast Length: 30 Days (01/06/16 – 02/06/16)
I Know First Average: 20.77%

S&P 500 Forecast

The I Know First predictive algorithm accurately forecasted 9 out of 10 stocks on the 30 day time horizon starting on January 6th, 2016 for the top 10 S&P 500 stocks for the short position. Top performers for this package were HTZ, followed by WMB and LNC, with returns of 40.67%, 34.98%, and 26.80%. The package returned an average of 20.77%, compared to the S&P 500’s return of -5.54% for the same 30 days.

Hertz Global Holdings, Inc., through its subsidiaries, rents and leases cars and trucks in the United States and internationally. It operates in four segments: U.S. Car Rental, International Car Rental, Worldwide Equipment Rental, and All Other Operations. The stock has been falling as J.P Morgan, Credit Suisse and Deutsche Bank have all lowered their price objectives.

Algorithmic traders utilize these daily forecasts by the I Know First market prediction system as a tool to enhance portfolio performance, verify their own analysis and act on market opportunities faster. This forecast was sent to current I Know First algorithmic traders.

How to interpret this diagram

Please, note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.