Stock Picking Based On Algorithms: Returns of up to 100.94% in One Year
Stock Picking
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
Recommended Positions: Long & Short
Forecast Length: 1 Year (8/07/14 – 8/07/15)
I Know First Average: 30.16% Long; 17.44% Short
In the recent 08/07/14 forecast that was part of the Tech Stocks package, nine out of the ten stocks for the long position increased in accordance with the algorithm’s prediction. The top performing stock for the long position was NFLX with an impressive return of 100.94%, while ACLS and AMZN also had phenomenal returns of 85.55% and 60.50%. For the short position, the stock that decreased the most was AMD with a loss of -49.27%, whilst SIFY and FSLR also posted significant losses of -34.40% and -20.61% as the algorithm predicted. The average returns for the long and short positions were 30.16% and 17.44%, both of which were over substantially greater than the S&P 500 return of 8.19% during the same time period.
During the period analysed by our algorithm, Amazon knew different stages of economic results; the first part of the year wasn’t really positive in term of financial results, as some flops like the Fire phone encountered, but despite that, the company proved to have the right resources to bring it back to a better perspective. Starting from the Prime service, which had great success and granted a growing number of subscribers, thus quite stable customers and continuing to the development of its services in India. This is part of the reasons why investors have continued to buy the stock at broader levels, even if sometimes the results took time to materialize.
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.
