Stock-Picking

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: one month (01/26/2016 – 02/26/2016)
I Know First Average: 9.29%

The algorithm correctly predicted an outstanding 10 out of 10 stocks to increase for this package in one month, plus also correctly forecasted that the S&P 500 would increase. The top performing stock in this package for this time horizon was ABX returning 46.17%. Other top stocks were MAT and UA with respective returns of 22.99% and 22.96%. The package as a whole returned an average of 9.29% and the S&P 500 saw growth of 3.78%.

 Barrick Gold Corporation has already announced $2 billion in investments at mines in Nevada and Peru. A company will invest $1 billion to develop an underground mine at the Goldrush deposit in Nevada. Production, which is expected to begin in 2021, will average 440,000 ounces a year with all-in sustaining costs of $665 per ounce. The company will also invest $640 million in Peru’s Lagunas Norte mine to expand the life of the mine by nine years with the installation of a refractory ore processing circuit.

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.

How to interpret this diagram

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