Stock Recommendations Using Neural Networks: An Average Return of 30.59% in 1 Year

Stock Recommendations

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 (8/19/14 – 8/19/15)
I Know First Average: 30.59% Long; 14.23% Short

Get the “Tech Stocks”-Package

Stock Recommendations

The top 10 stocks for both the long and the short position were included in the 1 year forecast from 08/19/2014 that was part of the Tech Stocks package. Axcelis Technologies Inc. (ACLS) had the best performance during the predicted time horizon with an outstanding return of 87.08%. Other stocks with impressive performances during the time horizon were Netflix (NFLX) and Amazon (AMZN)  with returns of 83.43% and 59.30% respectively. For the short position, Advanced Micro Devices (AMD) offered the largest returns to investors who shorted the stock during the predicted time period with a return of 57.24%. The average returns for the long and short positions were 30.59% and 14.23% respectively, both of which easily beat the S&P 500 return of 5.47% during the same time period.

Axcelis Technologies (ACLS) is a leading producer of ion implantation equipment used in the fabrication of semiconductors. The company also produces dry strip, photostabilization and rapid thermal processing equipment, which is used in semiconductor manufacturing primarily before and after the ion implantation process.

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.

How to interpret this diagram

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