Strong Buy Stocks

This forecast is part of the Top 10 Stocks Package, as one of I Know First’s systematic trading tools. The full package includes a daily prediction for a total of 20 strong buy stocks with bullish and bearish signals:

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

Package Name: Stock Forecast & S&P500 Forecast
Recommended Positions: Long
Forecast Length: 3 Days (6/1/21 – 6/4/21)
I Know First Average: 3.02%

The algorithm correctly predicted 8 out 10 of the suggested trades in the Stock Forecast & S&P500 Forecast Package for this 3 Days forecast. The top-performing prediction from this package was CVE with a return of 15.87%. Additional high returns came from NIO and CCL, at 8.6% and 3.31% respectively. With these notable trade returns, the package itself registered an average return of 3.02% compared to the S&P 500’s return of 0.61% for the same period.

Cenovus Energy Inc (CVE). develops, produces, and markets crude oil, natural gas liquids (NGLs), and natural gas in Canada. Its Oil Sands segment develops and produces bitumen assets at Foster Creek, Christina Lake, Narrows Lake, and the Athabasca natural gas assets, as well as projects in the early stages of development, such as Grand Rapids and Telephone Lake. The company’s Conventional segment engages in the development and production of conventional crude oil, NGLs, and natural gas in Alberta and Saskatchewan in Canada, including the heavy oil assets at Pelican Lake. This segment also includes the carbon dioxide enhanced oil recovery project at Weyburn. Its Refining and Marketing segment transports, sells, and refines crude oil into petroleum and chemical products. This segment also owns 50% interest ownership in two refineries in the United States. The company is headquartered in Calgary, Canada.

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 subscribers.

How to interpret this diagram

Algorithmic Stock Forecast: The table on the left is a stock forecast produced by I Know First’s algorithm. Each day, subscribers receive forecasts for six different time horizons. Note that the top 10 stocks in the 1-month forecast may be different than those in the 1-year forecast. In the included table, only the relevant stocks have been included. The boxes are arranged according to their respective signal and predictability values (see below for detailed definitions). A green box represents a positive forecast, suggesting a long position, while a red represents a negative forecast, suggesting a short position.

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