Stock Predictions

This Bank Stocks forecast is designed for investors and analysts who need predictions of the best performing stocks for a specific industry: Best Bank Stocks. It includes 20 stocks with bullish and bearish signals and indicates the best bank stocks to buy:

• Top 10 bank stocks for the long position
• Top 10 bank stocks for the short position

Package Name: Bank Stocks
Forecast Length: 7 Days (8/07/15 – 8/14/15)
I Know First Average: 3.89%

The top performing stock from the 7 day Bank Stocks forecast from 08/07/2015 was The Phoenix Companies Inc (PNX). It had an outstanding return of 23.02% during the predicted time horizon. Another stock with notable returns was Lending Tree, Inc(TREE). They had noteworthy returns of 17.94% in just 7 days in agreement with the algorithm’s prediction.  In fact, 6 of the 10 stocks increased in accordance with the algorithm’s prediction. The I Know First average return from the forecast was 3.89%, which offered a clear advantage to investors over the S&P 500 return of 0.38% during the same time period.

Investors found reassurance in the 2015 Q2 earnings release from Lending Tree, Inc (TREE).  They reported increased revenue from the quarter which caused them to up their estimate on their yearly revenue from projected total revenue of %202 – $208 million to $225 – $230 million.  If not for the loss from discontinued operations, net income would have surpassed that of 2015’s Q1.

In contrast, the Phoenix Companies Inc. (PNX) posted a Q2 loss, making it their 4th consecutive quarterly loss.  This did not deter investors though s they seem to have found it a good time to buy a stock in which they are confident will rebound so they can sell the shares they bought at rock bottom prices.

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.