Stock Picking

This Basic Industry forecast is designed for investors and analysts who need daily stock stock picking predictions of the best-performing stocks for the whole Basic Industry (see Basic Industry Stocks Package). It includes 20 stocks with bullish and bearish signals and indicates the best basic industry stocks to buy based on artificial intelligence:

• Top 10 Basic Industry stocks for the long position
• Top 10 Basic Industry stocks for the short position

Package Name: Basic Industry Forecast
Recommended Positions: Long
Forecast Length: 7 Days (10/16/2019 – 10/23/2019)
I Know First Average: 6.47%

The algorithm correctly predicted 10 out 10 of the suggested trades in the Basic Industry Forecast Package for this 7 Days forecast. The prediction with the highest return was GVA, at 14.43%. BGG and AIMC saw outstanding returns of 11.31% and 9.59%. The package had an overall average return of 6.47%, providing investors with a premium of 6.17% over the S&P 500’s return of 0.3% during the same period.

Granite Construction Incorporated (GVA) operates as a heavy civil contractor and a construction materials producer in the United States. The company operates through Construction, Large Project Construction, and Construction Materials segments. The Construction segment undertakes various construction projects focusing on new construction and improvement of streets, roads, highways, bridges, site work, underground, power-related facilities, utilities, and other infrastructure projects. This segment serves federal agencies, state departments of transportation, county and city public works departments, school districts and developers, and utilities, as well as the owners of industrial, commercial, and residential sites. The Large Project Construction segment focuses on large, complex infrastructure projects, including highways, mass transit facilities, bridges, tunnels, waterway locks and dams, pipelines, canals, power-related facilities, utilities, and airport infrastructure, as well as provides bid-build, design-build, and construction management/general contractor contracts to various state departments of transportation, local transit authorities, utilities, and federal agencies. The Construction Materials segment mines and processes aggregates; and produces and sells construction materials to contractors, landscapers, manufacturers of products requiring aggregate materials, retailers, homeowners, farmers, and brokers. The company also performs site preparation and infrastructure services for residential development, energy development, commercial and industrial sites, and other facilities; and provides construction management professional services. Granite Construction Incorporated (GVA) was founded in 1922 and is based in Watsonville, California.

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 subscribers.

How to interpret this diagram

Algorithmic Stock Forecast: The table on the left is a stock forecast produced by I Know First’s algorithm. Each day, subscribers receive forecasts for six different time horizons. Note that the top 10 stocks in the 1-month forecast may be different than those in the 1-year forecast. In the included table, only the relevant stocks have been included. The boxes are arranged according to their respective signal and predictability values (see below for detailed definitions). A green box represents a positive forecast, suggesting a long position, while a red represents a negative forecast, suggesting a short position.

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