Stock Research Based On Artificial Intelligence: Returns of up to 99.35% in One Year

Stock Research Based On Artificial Intelligence

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 (8/03/14 – 8/03/15)
I Know First Average: 29.64% Long; 20.80% Short

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Stock Research Based On Artificial Intelligence

In the recent 08/03/14 forecast that was part of the Tech Stocks package, nine out of the ten stocks for the long position increased in accordance with the algorithm’s prediction. The top performing stock for the long position was NFLX with an impressive return of 99.35%, while AMZN and ACLS also had phenomenal returns of 73.22% and 64.00%. For the short position, the stock that decreased the most was AMD with a loss of -46.35%, whilst MU and FSLR also posted significant losses of -38.82% and -28.26% as the algorithm predicted. The average returns for the long and short positions were 29.64% and 20.80%, both of which were over substantially greater than the S&P 500 return of 8.73% during the same time period.

The main reason of the market’s optimism for Netflix stock recently has been the company’s ability to rapidly grow its user base. This is especially true in the company’s most recent quarter. During Q2, Netflix increased its subscribers by 3.3 million — 900,000 in the U.S. and 2.4 million internationally. Further, there has to be considered that Netflix total members in Q2 were up 31% from the year-ago quarter. This growth clearly demonstrates Netflix’s growing popularity and increased market dominance in the industry.

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.

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