Stock Market Outlook Based On Algorithms: Up to 65.03% 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 daily predictions 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 (10/18/2015 – 01/18/2016)
I Know First Average: 32.05%

Stock Market Outlook

10 of the 10 stocks included in the Top 10 Stocks forecast from 10/18/15 decreased accordance with the algorithm’s prediction for the 3 months time horizon. The top performing stock was FCX with a return of 65.03%. CHK and VALE  also posted great returns of 57.62% and 50.52%, respectively, during that time period. Investors using the I Know First service who invested evenly in these stocks would have outperformed the S&P 500 average of -7.51 with IKF’s 32.05% 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. As a consequence of the bearish trend for the commodities and following the tendency of the companies that are involved in this kind of market, the stocks has been losing its worth.

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.

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