Stock Forecasting Based On Big Data: Up to 21.20% Return in 7 days

Stock Forecasting

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 predictions for a total of 20 stocks with bullish and bearish signals:

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

Package Name: Top 10 Stocks
Forecast Length: 7 Days (10/29/2015 – 11/5/2015)
I Know First Average: 9.55%

Stock Forecasting

9 of the 10 stocks included in the Top 10 Stocks forecast from 10/29/15 increased accordance with the algorithm’s prediction for the 7 day time horizon. The top performing stock was CIE with a return of 21.20%. CNX and CAB also posted great returns of 19.52% and 10.95%, respectively, during that time period. Investors using the I Know First service who invested evenly in these stocks would have outperformed the S&P 500 average of 1.76% by 10.8% during the predicted time horizon.

Cobalt International Energy is a Houston-based oil company posted earnings that beat analyst expectations this week. CIE also posted encouraging news about its oil appraisals for several discoveries. Furthermore, this week saw a rally in the price of crude oil, which closed up 4% on November 3rd, causing oil stocks to rise.

Algorithmic traders utilise 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.

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