Stock Market Forecast

An insider is legally permitted to buy and sell shares of the firm – and any subsidiaries – that employs him or her. However, these transactions must be properly registered with the Securities and Exchange Commission (SEC) and are done with advance filings. You can find details of this type of insider trading on the SEC’s EDGAR database. This Stock Market Forecast algorithmic is for stocks with recently reported insiders’ transactions.
An “insider” is any person who possesses at least one of the following:

• access to valuable non-public information about a corporation (for example a company’s directors and high-level executives)
• ownership of more than 10% of the company’s equity

Package Name: Insider Trades
Recommended Positions: Long
Forecast Length: 3 Days (9/13/2020 – 9/16/2020)
I Know First Average: 2.75%

This Insider Trades Package forecast had correctly predicted 8 out of 10 stock movements. UFI was the top performing prediction with a return of 6.38%. IBP and WLK saw outstanding returns of 4.58% and 3.96%. The package had an overall average return of 2.75%, providing investors with a premium of 1.42% over the S&P 500’s return of 1.33% during the same period.

Unifi, Inc. (UFI), together with its subsidiaries, manufactures and sells polyester and nylon yarns in the United States, Brazil, and internationally. The company operates through three segments: Polyester, Nylon, and International. The Polyester segment manufactures polyester polymer bead, partially oriented, textured, dyed, twisted, beamed, and draw wound yarns to other yarn manufacturers, and knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, automotive upholstery, home furnishings, industrial, and other end-use markets. The Nylon segment manufactures textured, solution dyed, and spandex covered yarns to knitters and weavers that produce fabric primarily for the apparel and hosiery markets. The International segment provides textured polyester, and various types of resale yarns and staple fibers to knitters and weavers that produce fabric for the apparel, automotive upholstery, home furnishings, industrial, and other end-use markets. The company sells its products through its sales force and independent sales agents under the brand names REPREVE, Sorbtek, Reflexx, aio, Augusta, and A.M.Y. Unifi, Inc. (UFI) was founded in 1969 and is headquartered in Greensboro, North Carolina.

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 subscribers.

How to interpret this diagram

Algorithmic Stock Forecast: The table on the left is a stock forecast produced by I Know First’s algorithm. Each day, subscribers receive forecasts for six different time horizons. Note that the top 10 stocks in the 1-month forecast may be different than those in the 1-year forecast. In the included table, only the relevant stocks have been included. The boxes are arranged according to their respective signal and predictability values (see below for detailed definitions). A green box represents a positive forecast, suggesting a long position, while a red represents a negative forecast, suggesting a short position.

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