Stocks To Sell Based On Artificial Intelligence: Up to 23.74% Return in 1 Month
Stocks To Sell
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
Forecast Length: 1 Month (7/22/15 – 8/22/15)
I Know First Average: 11.58% (Short)
The algorithm correctly predicted that 8 of the 10 stocks would decrease during the predicted time horizon of 1 month in the tech stocks package forecast from 7/22/2015. The most impressive prediction was for Skyworks Solutions Inc. (SWKS), which offered an amazing return of 23.74% short during the predicted time horizon to investors who shorted this stock. Other impressive returns were Micron Technology Inc. (MU) and Allegheny Technologies Inc. (ATI) which fell 23.04% and 18.00% short, respectively. The average return from this forecast for investors who equally shorted all 10 stocks was 11.58%, offering a premium to investors over the S&P 500 return of -6.99% during the predicted time horizon.
Semiconductor stocks have taken a beating in the past few months, over worries of a slowdown in China cutting into the demand for technological gadgets.
Skyworks Solutions, Inc. (SWKS), together with its subsidiaries, designs, develops, manufactures, and markets analog and mixed signal semiconductors worldwide.
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.
