Stock Market Outlook Based on AI: Returns up to 61.0% in 14 Days

Stock Market Outlook

Stock Market Outlook: 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

fundamentals
Package Name: Fundamental – Low P/E Stocks
Recommended Positions: Long
Forecast Length: 14 Days (5/2/24 – 5/16/24)
I Know First Average: 13.9%
Stock Market Outlook
Stock Market Outlook chart

During the 14 Days forecasted period several picks in the Fundamental – Low P/E Stocks Package saw significant returns. The algorithm has correctly predicted 8 out of 10 returns. CDNA was the top performing prediction with a return of 61.0%. Further notable returns came from BLNK and CDMO at 28.08% and 19.95%, respectively. The package saw an overall yield of 13.9% versus the S&P 500’s return of 5.55% implying a market premium of 8.35%.

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.