Stock Market Forecast

The Fundamental Package includes our algorithmic forecasts for stocks screened by fundamental criteria. Our algorithms help you find the best opportunities for both long and short positions for the stocks within each fundamental screen. The stocks are selected according to five basic valuation categories:

• P/E (price to earnings ratio)
• PEG (price/earnings to growth ratio)
• price-to-book ratio
• price-to-sales ratio
• short ratio

Package Name: Fundamental – Low P/E Stocks
Recommended Positions: Long
Forecast Length: 7 Days (9/22/24 – 9/29/24)
I Know First Average: 5.97%

6 out of 10 stock prices in this forecast for the Fundamental – Low P/E Stocks Package moved as predicted by the algorithm. The top-performing prediction in this forecast was BW, which registered a return of 33.8%. Further notable returns came from AKTS and BTBT at 17.54% and 14.83%, respectively. The Fundamental – Low P/E Stocks package had an overall average return of 5.97%, providing investors with a premium of 5.35% over the S&P 500’s return of 0.62%.

Babcock (BW) & Wilcox Enterprises, Inc. provides energy and environmental technologies and services for the power and industrial markets worldwide. It operates through three segments: Global Power, Global Services, and Industrial Environmental. The Global Power segment engineers, manufactures, procures, constructs, and commissions steam generating and environmental systems, and other related equipment. Its products comprise boilers for utility and industrial applications, including advanced subcritical, fluidized bed, biomass-fired, waste-to-energy, chemical recovery, industrial power, package, and waste heat boilers, as well as heat recovery steam generators. This segment also offers air pollution control systems and related equipment; and wet and dry flue gas desulfurization systems, catalytic and non-catalytic nitrogen oxides reduction systems, low nitrogen oxides burners and overfire air systems, fabric filter baghouses, wet and dry electrostatic precipitators, mercury control systems, and dry sorbent injection for acid gas mitigation. The Global Services segment provides a range of aftermarket products and services, such as replacement parts, field technical services, retrofit and upgrade projects, fuel switching and repowering projects, construction and maintenance services, start-up and commissioning, training programs, and plant operations and maintenance for utilities, independent power producers, and industrial companies. The Industrial Environmental segment designs, engineers, and manufactures oxidizers, solvent and distillation systems, wet and dry electrostatic precipitators, fabric filter baghouses, scrubbers, and heat recovery systems; and specialized industrial process systems, coating lines, and equipment. This segment serves chemical, pharmaceutical, energy storage, packaging, and automotive markets. The company was founded in 1867 and is headquartered in Charlotte, 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.