Try to find a person who has Internet access and still doesn’t know that GME stock price exploded as a result of the battle that emerged from a Reddit post last week. Chances are that you will find this task extremely difficult not only in the USA but worldwide. The story started as the single person offering to “crowd-push” against the major market players holding short positions on GME stock and take revenge on the 1% of the society to be held accountable for the latest financial crises. That said, we saw recently an extremely sharp demand increase not only for GME stock but
Caleres Inc. is one of the biggest footwear companies in the United States operating various footwear brands. Current brands include Famous Footwear, Naturalizer, Dr. Scholl’s Shoes, LifeStride, Bzees, Rykä, Sam Edelman, Allen Edmonds, Franco Sarto, Via Spiga, Vince, Diane von Furstenberg (DVF), George Brown Bilt, Carlos by Carlos Santana and Fergie Footwear. Its headquarters is located in Clinton, Missouri at St. Louis.
Over the past week CAL has shown outstanding growth in its stock price as I Know First predicted in their 3 days stock predictions for stocks under 50$. CAL was the top performing
In this algorithm performance evaluation report, we examine the performance of a sample portfolio constructed on 3 days algorithmic forecasts for US stocks universe. The back-testing is performed on trading data spanning from January 1 to August 2 2019, while compared to the S&P 500 performance as benchmark. The results suggest that the stock market predictions generated by the I Know First AI Algorithm provided solid basis for portfolio strategy and provided 20.63% return implying 3.89% premium over the S&P 500 return of 16.74%.
By Gol Airlines [Public domain], via Wikimedia Commons
GOL is a young company, established in 2000, serves more then 30 million passengers annually with 67 destination and 10 countries in South America and Caribbean. Moreover, it is a leading cargo transportation and logistics business serving more than 3,400 Brazilian municipalities and, through partners, more than 200 international destinations in 95 countries.
In the end of August 2018, as part of the strategic program to renew the equipment GOL welcomed the Boeing 737MAX, the first Boieng jet in history of the company. This aircraft will be used on international routes due to reduced fuel consumption. In one of the recent interviews Paulo Kakinoff (CEO GOL Airlines) stated: “Today is an exciting day for the entire GOL team, we are happy to welcome the 737 MAX 8. We can further improve our operational efficiency by flying a young, modern and safe fleet, while also lowering the cost of air travel and expanding our network to new international destinations”.
By Aka The Beav from Seattle, Washington (Flickr) [CC BY 2.0 (https://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons
The Airline follows a low cost model Business. Its first competitor is Irish Ryanair, which follows the same model. In South America GOL is considered a pioneer in low cost rates. It implemented a loyalty program that customers appreciate (14 million subscriptions). The employees themselves are trained to think in terms of business goals and the pay structure includes various incentives. In just a few years, revenues have reached $1 billion. This explosive growth has come despite the global recession, rising fuel prices, high inflation and one of the worst recessions in the airline industry.
Source: MarketWatch
The I Know First Stock AI Algorithm predicted Gol Transportes Aéreo to go up by indicating strong signal and in 3 days the company showed outstanding performance of 20,93%. Below we provide the I Know First heatmap that was send to our clients:
Current I Know First subscribers received this bullish GOL forecast on October 12th, 2018.
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.
GOL Linhas Aéreas Inteligentes S.A. (GOL) provides scheduled air transportation services for passengers cargoes, and mailbags in Brazil and Latin America. The company operates through Flight Transportation and Smiles Loyalty Program segments. It also offers logistics services. In addition, the company offers Smiles loyalty programs with approximately 13.7 million members, allowing clients to accumulate and redeem miles. As of December 31, 2017, it operated a single fleet of 119 Boeing 737 aircraft and approximately 700 daily flights to 64 destinations in Brazil, South America, and the Caribbean. GOL Linhas Aéreas Inteligentes S.A. was founded in 2001 and is based in Sao Paulo, Brazil.
“These capabilities are key building blocks of our larger transformation roadmap to deploy and utilize an enhanced suite of merchandise planning and marketing systems. These systems will enhance our ability to compete in today’s retail environment and we will continue our aggressive rollout schedule for the next 12 to 18 months.”
-David Jaffe, CEO of Ascena Retail Group Inc.
(Source: Flickr)
In only the 3 day period between May 13-16, ASNA’s stock increased by over 25%. On May 15, the stock was trading 19.64% and 20.98% above its 50-day and 200-day moving averages, respectively. These results can be seen on the graph below.
(Source: Yahoo Finance)
Such a steep surge may be a result of the following:
Strong Relative Strength Index (RSI) of 72.54- 81.54
Strengthened executive team to implement new strategies – clarify the added value to the team?
Charity Work, which benefits brand’s image and increasing customer loyalty
ASNA was so successful over the time period due to a combination of factors. Within the predicted time period, ASNA’s Relative Strength Index (RSI) increased from 71.28 to 81.51 on May 16. This strong value indicates positivity towards the future of the company. Additionally, over Q2, Ascena made changes to its executive team and leadership structure in order to promote growth. These executives implemented new merchandising capabilities that are beneficial to the company such as markdown and size pack optimization. Finally, on May 10, Lane Bryant and Catherines, 2 of Ascena’s brands, announced a successful round of fundraising for the Nationwide Children’s Hospital which is good for the brand’s public image and increases brand loyalty.
VAALCO Energy, Inc., an independent energy company, acquires, explores for, develops, and produces crude oil and natural gas. The company holds Etame production sharing contract related to the Etame Marin block located offshore the Republic of Gabon in West Africa. It also owns interests in an undeveloped block offshore Equatorial Guinea, West Africa. VAALCO Energy, Inc. was founded in 1984 and is headquartered in Houston, Texas.
Over the 3 days after I Know First issued a bullish short term forecast for EGY on May 4, 2018, VAALCO Energy’s stock price jumped from $1.09 to $1.2 per share, outperforming the market by about 9%. What happened that drove the growth? The reason lies in the company’s outstanding growth results for Q1 2018 released with the following highlights:
Total oil sales for Q1 of 2018, $27.6 million.
Income from continuing operations of $8.7 million ($0.15 per diluted share) for Q1 of 2018, 146% higher, compared with $4.4 million ($0.07 per diluted share) in Q1 of 2017.
Average price for crude oil in Q1 of 2018, $68.69 per barrel, an increase of 32% from $51.99 per barrel in Q1 of 2017.
Adjusted EBITDAX totaled $14.5 million in Q1 of 2018 compared with $10.4 million in the same period of 2017.
Total oil sales for Q1 of 2018 were $27.6 million, compared to $17.2 million in Q4 of 2017. During Q1 of 2018, VAALCO sold approximately 393,000 net barrels of oil at an average price of $68.69 per barrel, compared to 280,000 net barrels at an average price of $59.89 per barrel in Q4 of 2017.
During Q1 of 2018, VAALCO reduced its debt by $2.1 million. On March 31, 2018, debt, net of deferred financing costs, totaled $7.0 million, of which $5.8 million is expected to be repaid during 2018 and was classified as current, reflecting the repayment terms of the loan agreement with the IFC.
[Image Source: Yahoo Finance]
From the above data one can see that VAALCO Energy, Inc. increased its share value by about 9% with the announcement of their successful Q1 revenues of 2018.
With good agreement with the I Know first bullish 3-day forecast that was published on May 4th, 2018, EGY stock grew after the financial operations resulted for Q1 of 2018 were published on May 7, 2018. The forecast illustrated a signal of 36.93 and a predictability of 0.1. In accordance with the forecast, EGY’s stock returned 42.73% over this period, highlighting the accuracy of the prediction produced by the I Know First algorithm.
Current I Know First subscribers received this bullish EGY forecast on May 4, 2018
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.
“In the first quarter we achieved growth in consumer revenue, reflecting the early results of the substantial initiatives we have underway across the company” – Dan McCarthy, President and CEO
[Image Source: By Frontier Communications [Public domain], via Wikimedia Commons]
Over the one year period from May 2nd to May 5th, 2018 FTR stock price experienced steep price rise of more than 39%. Taking into account the overall FTR stock performance indicators for the last quarter, it is reasonable to suggest that this is the consequence of the company’s results achieved in 1Q 2018. Based on the press release on May 1, 2018 the following highlights are important to analyse:
Total revenue of $2.20 billion
Achieved sequential growth in consumer revenue
Broadband trends improved sequentially
The first quarter of positive CTF FiOS® broadband net additions since acquisition
Net income of $20 million
Adjusted EBITDA of $908 million
The above highlights could not pass unseen by the market and investors observed FTR stock growth of 39.14% during the above-mentioned period. The below chart illustrates this:
[Source: Google Finance]
At the same time the analyst community mostly took hold position on FTR stock over the last 4 months, with slightly increasing number of analysts who took under-perform positions:
[Source: Yahoo Finance]
On May 2, 2018, I Know First issued a bullish 3 days forecast for Frontier Communications Corp (NASDAQ: FTR). The forecast illustrated a signal of 4.91 and a predictability of 0.16. In accordance with the forecast, FTR stock returned 39.14% over this period, highlighting the accuracy of the prediction produced by the I Know First algorithm.
Current I Know First subscribers received this bullish FTR forecast on May 2, 2018.
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.
