Stock Market Outlook Based On Algorithms: Up To 6.41% Return Over 7 Days

Stock Market Outlook Based On Algorithms

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

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

Package Name: Top 10 Stocks
Forecast Length: 7 Days (07/28/2015 – 08/04/2015)
I Know First Average: 2.34%

Get the “Top 10 Stocks”-Package

Stock Market Outlook Based On Algorithms

All the 10 stocks included in the Top 10 Stocks forecast from 07/26/15 increased in accordance with the algorithm’s prediction for the 7 Days time horizon. The top performing stock was SunPower Corporation (NASDAQ:SPWR) with incredible returns of 6.21%. Enbridge Energy Partners, (NYSE:EEP) and Orbital ATK, Inc.(NYSE:OA) also posted outstanding returns of 4.00% and 3.56% during that time period, offering large returns to investors. Investors using the I Know First service who invested evenly in these stocks would have outperformed the S&P 500 average of 1.16% by 1.44% during the predicted time horizon. 

Enbridge Energy Partners, L.P. (NYSE:EEP) announced its quarterly results after the market closed last Friday. The company reported $0.18 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.02 EPS by $0.16. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.64 billion.

The company owns and operates crude oil and liquid petroleum transportation and storage assets; and natural gas gathering, treating, processing, transportation, and marketing assets in the United States.

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 algorithmic traders.

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