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 Months (5/10/2020 – 8/10/2020)
I Know First Average: 25.17%

For this 3 Months forecast the algorithm had successfully predicted 9 out of 10 movements. The top performing prediction from this package was GDOT with a return of 63.3%. ABMD and NVDA followed with returns of 60.38% and 42.91% for the 3 Months period. The package saw an overall yield of 25.17% versus the S&P 500’s return of 14.7% implying a market premium of 10.47%.

Green Dot Corporation (GDOT), together with its subsidiaries, operates as a pro-consumer technology bank holding company that provides personal banking for the masses. It offers reloadable prepaid debit cards and cash reload processing services in the United States, as well as mobile banking services with its GoBank mobile checking account. The company’s products include Green Dot MasterCards, Visa-branded prepaid debit cards, and various co-branded reloadable prepaid card programs; Visa-branded gift cards; and swipe reload products, which enable cash loading and transfer services through Green Dot Network. Its Green Dot Network enables consumers to use cash to reload its prepaid debit cards or to transfer cash to any of Green Dot Network acceptance members, including competing prepaid card programs and other online accounts. The company, through its subsidiary, SBBT Holdings, LLC, provides tax refund processing services to various consumer tax preparation companies. Green Dot Corporation (GDOT) markets and sells its products and services to unbanked, underbanked, and unhappily banked consumers through approximately 100,000 locations consisting of retail locations, neighborhood financial service center locations, and tax preparation offices, as well as online, app stores, and online tax preparation providers. The company was formerly known as Next Estate Communications, Inc. and changed its name to Green Dot Corporation (GDOT) in October 2005. Green Dot Corporation was incorporated in 1999 and is headquartered in Pasadena, California.

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.