Stock Market Outlook Based on AIgo-Trading: Up to 66.54% (Short) Return in 3 Months

Stock Market Outlook

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

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

Package Name: Top 10 Stocks
Forecast Length: 3 Months (10/16/2015 – 01/16/2016)
I Know First Average: 28.28%

stock market outlook

9 of the 10 stocks included in the Top 10 Stocks forecast from 10/16/15 decreased in accordance with the algorithm’s prediction for the 3 months  time horizon. The top performing stock was FCX with a return of 66.54%. Other very good performers were CHK with 57.37% and VALE with 51.66%. Investors using the I Know First service who invested evenly in these stocks would have outperformed the S&P 500 average of -7.09% with IKF’s 28.28% average during the predicted time horizon.

Freeport-McMoRan Inc., a natural resource company, engages in the acquisition of mineral assets, and oil and natural gas resources. It primarily explores for copper, gold, molybdenum, cobalt, silver, and other metals, as well as oil and gas. The company announced on december 9 that it was again reviewing its oil business for places to make cuts, it was further trimming its spending in its core copper arena and it eliminated its dividend. On December 28 the company’s co-founder and chairman of the board, James Moffett, quit his job. Oil’s continuing plunging and copper prices hit their lowest levels since 2009.

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.