In this stock market forecast evaluation report, we will examine the performance of the forecasts generated by the I Know First AI Algorithm for stock options for long and short positions that were sent daily to our customers. Our analysis covers the time period from August 22, 2019, until January 1, 2021.
Stock Options Evaluation Report Highlights:
The most impressive outperformance of the S&P 500 Index is from the Top 5 signal group in the 1-year time horizon with more than 286% higher return.
All the signal groups generated by I Know First succeeded in outperforming S&P 500 Index in the 90 days and 1-year time horizons.
Every signal group has hit ratios are above 49% for all time horizons amid the COVID-19 crisis.
[Image source: By Fossil Group (www.fossilgroup.com), via Wikimedia Commons]
“In fiscal 2017, Fossil Group, embarked on a set of strategic initiatives aimed at accelerating the evolution of the business to position the Company for long term profitable growth. While sales and earnings were challenged as expected, we generated progress toward our objectives that include: driving growth in wearables across our portfolio of powerful brands, leveraging our scale to lower supply chain costs, increasing our digital capabilities, and continuing the transformation of our business through New World Fossil…”
-Kosta Kartsotis, Fossil Group, Chairman and CEO
[Image source: www.watchpro.com]
Over the past 3 days Fossil Inc. sky-rocketed from $8.26 to $17.07 per share, outperforming the market by more than 100%. The reasonable question that most probably buzzes your mind now – what did happen to that stock and why didn’t I buy it at $8? The reason is that the company released the results for Q4 2017 with the following highlights:
Adjusted EPS are $0.64 on revenue of $921 million – estimates are beat up by some
Transition to wearables technology and achieving their sales of $300 million being 20% of the total company’s watch sales
In the context of the above, one can see that the company chases up the wearables market and aim to compete with the trend setters such as Apple (NASDAQ: AAPL) and Fitbit (NYSE: FIT). However, as per the Yahoo Finance, 7 out of 11 analysts took the hold position with regards to Fossil’s stock, some of them note that there are fundamental changes in the way the company started to realize its strategic movement towards wearables technology which is on the rise now and have significant potential for further development and market expansion. According to Forbes, the industry analyst forecasts 125.5 million wearable devices to be shipped to customers just this year and the comparable figure for 2021 should hit 240.1 million.
[Source: Yahoo Finance]
In line with the above the market and shareholders were addressed by the company’s management team with projected increase in wearables sales, although net sales are expected to decline in the range of 6-14%, and expected gross profit margin of 51-53% in 2018. Pursuing the company’s strategic plan for restructuring its business it also expects to incur some $50 million of related charges and arrive at EBITDA figures of $150-200 million in 2018.
On February 11th, 2018, I Know First issued a bullish 3 days forecast for Fossil Group Inc. (NYSE: FOSL). The forecast illustrated a signal of 6.88 and a predictability of 0.05. In accordance with the forecast, FOSL’s stock returned 102.51% over this period, highlighting the accuracy of the prediction produced by the I Know First algorithm.
Current I Know First subscribers received this bullish FOSL forecast on February 11th, 2018.
Fossil Group, Inc. (NASDAQ: FOSL), together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories. The company’s principal products include a line of men’s and women’s fashion watches and jewelry, handbags, small leather goods, belts, sunglasses, and soft accessories. It offers its products under its proprietary brands, such as FOSSIL, MICHELE, MISFIT, RELIC, SKAGEN, and ZODIAC, as well as under the licensed brands, including ADIDAS, ARMANI EXCHANGE, BURBERRY, CHAPS, DIESEL, DKNY, EMPORIO ARMANI, KARL LAGERFELD, KATE SPADE NEW YORK, MARC JACOBS, MICHAEL KORS, and TORY BURCH. The company sells its products through department stores, specialty retail stores, specialty watch and jewelry stores, mass market stores, e-commerce sites, licensed and franchised FOSSIL retail stores, and retail concessions, as well as sells its products on airlines and cruise ships. As of December 31, 2016, it owned and operated 94 retail stores and 129 outlet stores located in the United States, as well as 230 retail stores and 132 outlet stores internationally. The company was formerly known as Fossil, Inc. and changed its name to Fossil Group, Inc. in May 2013. Fossil Group, Inc. was founded in 1984 and is headquartered in Richardson, Texas.
Disclaimer
Before making any trading decisions, consult the latest forecast as the algorithm updates predictions daily. You can use the algorithm for intra-day trading. The predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.
I Know First-Daily Market Forecast, does not provide personal investment or financial advice to individuals, or act as personal financial, legal, or institutional investment advisors, or individually advocate the purchase or sale of any security or investment or the use of any particular financial strategy. All investing, stock forecasts and investment strategies include the risk of loss for some or even all of your capital. Before pursuing any financial strategies discussed on this website, you should always consult with a licensed financial advisor.
