Stock Picks Based On Machine Learning: Up To 27.08% Return in One Week
Stock Picks
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 predictions 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: 7 Days (10/28/2015 – 11/4/2015)
I Know First Average: 12.56%
9 of the 10 stocks included in the Top 10 Stocks forecast from 10/28/15 increased accordance with the algorithm’s prediction for the 7 day time horizon. The top performing stock was CIE with a return of 27.08%. TEX and CAB also posted great returns of 23.39% and 18.28%, 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 1.76% by 10.8% during the predicted time horizon.
Cobalt International Energy is a Houston-based oil company posted earnings that beat analyst expectations this week. CIE also posted encouraging news about its oil appraisals for several discoveries. Furthermore, this week saw a rally in the price of crude oil, which closed up 4% on November 3rd, causing oil stocks to rise.
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.
