Stock Market Forecast Based on Data Mining: Returns up to 43.69% in 7 Days

Stock Market Forecast

This Retail Stocks forecast is designed for investors and analysts who need predictions for the best stocks to invest in the retail estate sector (see Retail Stocks Package). This stock market forecast includes 20 stocks with bullish and bearish signals:

  • Top 10 Retail stocks for the long position
  • Top 10 Retail stocks for the short position

Package Name: Retail Stocks
Recommended Positions: Long
Forecast Length: 7 Days (9/30/2020 – 10/7/2020)
I Know First Average: 13.73%
Stock Market Forecast
Stock Market Forecast chart

The algorithm correctly predicted 9 out 10 of the suggested trades in the Retail Stocks Package for this 7 Days forecast. The top performing prediction from this package was BBBY with a return of 43.69%. DDS and BECN also performed well for this time horizon with returns of 22.71% and 14.92%, respectively. The package’s overall average return was 13.73%, providing investors with a 11.21% premium over the S&P 500’s return of 2.52% during the same period.

Bed Bath & Beyond Inc., incorporated on October 5, 1971, is a retailer, which operates under the names Bed Bath & Beyond (BBB), Christmas Tree Shops, Christmas Tree Shops andThat! or andThat! (collectively, CTS), Harmon or Harmon Face Values (collectively, Harmon), buybuy BABY (Baby) and World Market, Cost Plus World Market or Cost Plus (collectively, Cost Plus World Market). The Company operates in two segments: North American Retail and Institutional Sales.

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.