Stock Screening Based On Algorithms: Up to 31.31% over 3 Months

Stock Screening

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: 3 Months (5/01/15 – 8/01/15)
I Know First Average: 7.75%

Stock Screening

8 of the 10 stocks included in the Bank Stocks forecast from 05/01/15 increased in accordance with the algorithm’s prediction for the Long time horizon. The top performing stocks were WETF and SNV, with very satisfying returns of 31.31% and 14.33%. CS and ZION also posted high returns of 14.28% and 10.28% during that time period, making four out of ten stocks to post gains above 10%. Investors using the I Know First service who invested evenly in these stocks would have outperformed the S&P 500 average of -0.14% by 8% during the predicted time horizon.

WisdomTree Investments (WETF) is an ETF and ETP (electronically traded product) crafter and manager based in New York City. In the most recent quarterly reports, WisdomTree beat expectations for revenue growth and EPS. Zachs rose their target price for the firm to $24, which was quickly surpassed.

Synovus Financial Corporation also surpassed Wall Street expectations with its Q2 earnings. This impressive results were due to lower expenses and higher mortgage banking revenues. They reported a second-quarter earnings of 42 cents per share beating the consensus.

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.