Winning Stock Forecast: RAVE, AP Gains 47.92% and 27.19% In 7 Days

In the 7-day forecast period from May 14th to May 21st, both Rave Restaurant Group Inc (RAVE) and Ampco-Pittsburg Crop (AP) displayed stunning returns, in alignment with the bullish I Know First forecast for that time period.

Rave Expands Sales With “Triple Cheezy Stuffed Crust,” Online Delivery

RAVE gains 47.92% in 7 days

RAVE’s products and services are best known under the trademark Pizza Inn. RAVE and its subsidiaries operate and franchise 250 restaurants spanning pizza buffets, delivery, and express restaurant services. The Texas-based company controls the segments of Pizza Inn Franchising, Pie Five Franchising, and Company-Owned Restaurants.

While there are many factors attributable

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Winning CHK Stock Forecast: Chesapeake Energy Stock Posts Gains of 26.11% in 7 Days

“The underlying strength of our operations, coupled with higher realized prices, resulted in our best financial performance since before the downturn in 2014. For the second consecutive quarter, we recorded significant growth in our earnings and cash flow. ”

-Doug Lawler, Chesapeake’s Chief Executive Officer

(Source: Glassdoor)

Last week, Chesapeake Energy Corporation (NYSE: CHK) jumped from $3.6 at closing on May 14 and closed at $4.54 on May 22, a solid 26.11% gain. Overall, the stock has gained over 50% in the last 3 months whereas the SPDR Energy Select Sector rose only  by around 15% over the same time period. From May 10 to May 17, Chesapeake had its greatest week long increases since March 2016. This boost in stock price appear to be a result of an overall gain in the energy sector due to rising crude oil and natural gas prices as well as strong Q1 reports posted earlier in the month. The large one week rise of CHK can be seen in the chart below:

(Source: Yahoo Finance)

As crude oil and natural gas prices have risen, energy stock performance has also improved. WTI crude oil prices have been strong over the past two weeks above $70 per barrel. Additionally, while natural gas prices have been relatively stagnant compared to oil over the last year, there was a slight upturn this week.  Natural gas prices increased about 3% to $2.82 on May 16 from $2.81 on May 11. These commodities prices volatility played in favor of the entire energy sector, and particularly Chesapeake.

To analyze the gains of Chesapeake Energy this week, it is important to consider the ramifications of the Q1 report released on May 2, 2018. When the Q1 report was released, the stock value declined, which appears to result from the decline of year over year revenue. However, since then the stock has been on the rise as a result of a combination of factors. Chesapeake’s adjusted earnings per share (EPS) were $0.34 for Q1 2018, much higher than analyst’s predictions of $0.27 and Q1 2017’s EPS of $.23. Additionally, Q1 production grew 5% from last year and even adjusted for asset sales still increased by 3%. Moreover, the company’s cash flow was the highest in three years at $609 million which allowed Chesapeake to pay off $581 million of debt. Following this payment, Chesapeake Energy’s debt was reduced to around $9.4 billion from $10 billion at the end of December 2017.  The combination of higher than expected quarterly earnings with the reduction of debt led to improved confidence in the stock.

Analyst Recommendation

According to analysts’ recommendations presented by Yahoo Finance, the majority of analysts gave “Hold” ratings on Chesapeake with 5 of 29 choosing “Underperform” and 3 choosing “Buy.”

(Source: Yahoo Finance)

I Know First’s Success With CHK Stock

On May 15, 2018, the I Know First algorithm forecasted a signal of 17.43 with a predictability of 0.2 for CHK over 7 days period. In accordance with the prediction, the stock rose 26.11% over this time period, highlighting the accuracy of the I Know First algorithm.

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Winning KERX Stock Forecast: Keryx Biopharmaceuticals Continues To Save Its Patients And Surges With 19.55% In 7 Days

“Revenue growth in the first quarter of 2018, as compared to the first quarter of 2017, was driven by an increase in Auryxia prescription and tablet demand, partially offset, by a reduction in the net price realized per tablet due to an increase in our gross-to-net adjustment”

– Scott Holmes, Senior Vice President and CFO of Keryx Biopharmaceuticals

[Image Source: Glassdoor]

Over the 7 days period from May 9th to May 16th, 2018 KERX stock price saw significant price jump of more than 19%. The overall KERX stock performance indicators for the last quarter suggest that this may be the consequence of the company’s results achieved in 1Q 2018. Based on the press release on May 10, 2018 the following highlights are important to analyse:

First quarter 2018 total revenues of $21.7 million, including net U.S. Auryxia® (ferric citrate) product sales of $20.6 million; a 96 percent increase compared to the first quarter of 2017
Approximately 34,600 Auryxia prescriptions were reported in the first quarter of 2018

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Winning Stock Forecast: OPKO Health, Inc. (NASDAQ: OPKO) Is Stronger Than Ever With 47.71% In 7 Days

Winning Stock Forecast

 “The improved first quarter results were in line with our expectations, starting 2018 positively coming off challenging fourth quarter 2017 results.  These factors, taken together, reflect progress across the breadth of our commercial and laboratory services.” – Phillip Frost, Chairman and Chief Executive Officer of OPKO Health

[Image Source: www.Annualreports.com]

Over the 7 days period from May 4th to May 11th, 2018 OPKO stock price experienced steep price surge of more than 47%. Taking into account the overall OPKO 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 8, 2018 the following highlights are important to analyze:

Consolidated revenues for the three months ended March 31, 2018 were $254.9 million compared with $266.4 million for the comparable period of 2017
Revenue from services were $211.3 million for the three months ended March 31, 2018 compared with $228.6 million for the comparable 2017 period
Revenue from products included $3.7 million of revenue from RAYALDEE during

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Quick Win by the Algorithm: Stein Mart Inc. (NASDAQ: SMRT) Returns up to 28.95% in 7 Days

“We are encouraged by the sales trend we saw in February and early March driven by very strong regular-priced selling, particularly in our warm weather and resort markets where spring selling begins. These leading indicators give us confidence that comparable sales trends will dramatically improve in the first quarter as spring regular-price selling builds in other markets. With improved first quarter comparable sales, our gross profit expansion and continued expense control, we expect first-half operating income in excess of $8 million, most of which will occur in the first quarter.”

-Said Hunt Hawkins, CEO of Stein Mart. Inc.

[Image Source: Flickr]

Stein Mart, Inc. (NASDAQ: SMRT) operates as a retailer that provides fashion merchandise products and related services in the United States. It offers fashion apparel for women and men, as well as accessories, shoes, and home fashions. The company’s stores also provide merchandise locator services; a preferred customer program; co-branded and private label credit card programs; and electronic gift cards. As of August 2, 2017, it operated a chain of 292 retail stores in 31 states. The company also sells its products through an Internet store. Stein Mart, Inc. was founded in 1908 and is headquartered in Jacksonville, Florida.

Over the 7 days after I Know First issued its forecast on April 9, 2018, Stein Mart Inc.’s stock price jumped from $1.46 to $1.96 per share, outperforming the market by about 30%. What happened that drove the growth? The reason lies in the company’s following highlights:

  • On April 10, 2018 SMRT shares jumped 17.57% to close at $1.74.
  • Stein Mart Inc. has a market cap of $83.48 million.
  • The Company’s shares are trading 101.34% and 69.28% above their 50-day and 200-day moving averages, respectively.
  • Shares of Stein Mart, which operate as a retailer that provides fashion merchandise products and related services in the US, have an RSI of 80.90. Today.

From the above data one can see that Stein Mart Inc. increased its share value by trading with a high percentage above their moving average. In addition, the company has a big market cap which gives it the market gain for these days. This shows that that there was a performance improvement by the company from operational and investment positions.

[Image Source: Yahoo Finance]

On April 9, 2018, I Know First issued a bullish 7 day forecast Stein Mart, Inc.  (NASDAQ: SMRT). The forecast illustrated a signal of 47.31 and a predictability of 0.15. In accordance with the forecast, SMRT’s stock returned 28.95% over this period, highlighting the accuracy of the prediction produced by the I Know First algorithm.

Current I Know First subscribers received this bullish SMRT forecast on April 9, 2018

To subscribe today click here.

How to read the I Know First Forecast

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.

Quick Win by the Algorithm: XL Group Ltd (NYSE: XL) Finishes The Q4 2017 And Launches Towards 2018 with 28,70% In 7 Days

Quick Win by the Algorithm

XL group logo

[Source: Wikimedia Commons]

“XL’s fourth quarter and full year 2017 results were impacted by the severe natural catastrophes in the year. At the same time, we feel positive about where we are going due to some important factors including: our solid capital position, our progress made in our 2017 ex-catastrophe underlying results, the strength of our market relevance as demonstrated by our 8 percent growth in gross written premiums year-over-year, and that we are seeing early signs of a return to realistic and sustainable rate…”

– Mike McGavick,  XL’s Chief Executive Officer

Over the past 7 days XL Group (NYSE: XL) stock price jumped by 29.38% from $43.26 to $55.99 per share, outperforming the industry’s index (NYSE) by some 27% during this period. XL’s bullish stock performance followed the company’s press release of the results for Q4 2017 with the following highlights:

Natural catastrophe pre-tax losses net of reinsurance, reinstatement and premium adjustments and
redeemable non-controlling interest for the quarter of $315.2 million (11.5 points to the loss ratio),
compared to $246.1 million (10.1 points to the loss ratio) in the prior year quarter, and $2.0 billion (19.7
points to the loss ratio) for the full year, compared to $636.3 million (6.6 points to the loss ratio) for the
prior year

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I Know First Review: October 25th 2015

 I Know First Review

The stocks selected here are the top performing stocks from I Know First: Bank Stocks Package forecast for the last 7 days found under the article titled Best Bank Stocks Utilizing Self-Learning Algorithms Up To 18.39% Return In 7 Days

This forecast is part of the Bank Stocks package, as one of I Know First’s quantitative investment solutions. The “I Know First Average” return for the long position was 6.47% over the 7-day period, a significant difference when comparing the S&P 500’s return of 2.92% over the same time period.

I Know First Review

Blue Chip Picks: Up To 6.00% Return In 7 Days

Package Name: Best Mega Cap Stocks
24 07 2013 10 48 51 Best Investments Based on Algorithms: 8.19% Gain in 14 DaysForecast Length: 7 Days (7/27/15 - 8/03/15)
I Know First Average: 1.48%

Read The Full Forecast


Blue Chip Picks