Stock Picking Based On Machine Learning: Up to 30.19% Return in 1 Month

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 a daily prediction for a total of 20 stocks with bullish and bearish signals:

  • top ten stocks picks to long
  • top ten stocks picks to short
  • S&P 500 forecast

Package Name: Top 10 Stocks
Forecast Length: 1 month (11/02/15 – 12/02/15)
I Know First Average: 11.08%

Stock Picking

8 of the 10 stocks included in the Top 10 Stocks forecast from 11/02/15 increased in accordance with the algorithm’s prediction for the 1 month time horizon. The top performing stock was CNX with a return of 30.19%. AKRX and CAB also posted great returns of 29.21% and 19.73%, 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 1.12% with IKF’s 11.09% average during the predicted time horizon.

Founded way back in 1864, Consol Energy (CNX) is an American Coal mining company who are based in just west of  Pittsburgh, Pennsylvania. The energy multinational announced in mid Novemver that is has succesfully completed the scheduled semi-annual borrowing base redetermination under its revolving credit facility, in turn, resulting in the lending group reaffirming Consol’s $2 billion borrowing base. The positive news helped to boost the company’s stock prices.

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.