Stock Market Outlook

This Best Tech Stocks forecast is designed for investors and analysts who need predictions of the best performing stocks for the whole Technology Industry (See Industry Package). It includes 20 stocks with bullish and bearish signals and indicates the best tech stocks to buy:

• Top 10 tech stocks for the long position
• Top 10 tech stocks for the short position

Package Name: Tech Stocks
Forecast Length: 7 Days (8/10/15 – 8/17/15)
I Know First Average: 2.47%

Seven of the 10 stocks included in the Tech Stocks Package forecast from 08/10/2015 increased in accordance with the algorithm’s prediction for the 7 day time horizon. The top performing stocks were Actions Semiconductor Co., Ltd. (ACTS), with incredible returns of 11.11%. Sierra Wireless, Inc.(SWIM) also posted impressive returns of 8.38% 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 1.20% by 1.27% during the predicted time horizon.

Actions Semiconductor Co., Ltd. (ACTS) is one of China’s leading fabless semiconductor companies that provides comprehensive portable multimedia and mobile internet system-on-a-chip (SoC) solutions for portable consumer electronics. On Friday the company reported its Q2 financial results than ended June 30, 2015, and they were quite positive and promising for the future. Revenue for this quarter was $13.7 million, coming in at the high end of the company’s expectations and up 14% from $12 million in the second quarter of 2014. Gross margin was 25.7%, up from 23.5% in the first quarter of 2015, and up significantly from 18.4% in the second quarter of 2014. CEO Zhenyu Zhou stated “Looking ahead, we continue to anticipate revenue growth in 2015 but at a slower pace than our previous expectations”. Following that news, stock price went up by 9%.

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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Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.