Bitcoin Prediction: Fool’s Gold Or Future Of Currency?

I Know First Research Team LogoThis article was written by the I Know First Research Team.

Summary:

  • Bitcoin and other cryptocurrencies have triggered a public discussion on the future of currencies as such.
  • Some pundits are saying the cryptoverse is to take over fiat one day.
  • While this may not necessarily be the case in the future, Bitcoin is an asset that cannot be ignored by today's investors and traders.

premiumRead The Full Premium Article

Subscribe to receive exclusive PREMIUM content here

Winning Stock Forecast On a Predictive Algorithm: AMC Entertainment (NYSE: AMC ) Brings 40.98% in 3 Months

AMC Entertainment Holdings, Inc. (AMC), through its subsidiaries, operates as a theatrical exhibition company in the United States and internationally. It owns, operates, or has interests in theatres. As of June 30, 2016, the company owned, operated, or had interests in 386 theatres with 5,334 screens primarily in the United States. Now, counts more than 1,000 theatres and 11,000 screens across the globe. The company was founded in 1920 and is headquartered in Leawood, Kansas. AMC Entertainment Holdings, Inc. (AMC) operates as a subsidiary of Wanda America Investment Holding Co. Ltd.

Source: Bloomberg

On July 19th I Know First AI Algorithm issued a bullish 3 months  forecast for  AMC Entertainment stock  with predictability indicator of 0.24 and signal indicator of 9.79. In a good agreement with the forecast   the AMC stock is up 40.98% just in 3 months. Below we provide the I Know First heatmap that was send to our clients July 19th:

The results were quite positive in this year for the Company. On May 3 2018, Board Of Directors announced a dividend for the quarter ended March 31 2018. The amount of the dividend in this second quarter was arounr $25,7 milion. On July 24 2018 Board of Directors announced that its has declared a dividend for the quarter ended June 30, 2018, of $0.20 per share on shares of Class A and Class B common stock, its eighteenth consecutive. In addition, AMC Entertainment Holdings Inc in September 2018 said it bought back 24 million shares from its top investor, the Chinese Dalian Wanda Group and issued $600 million worth of convertible notes to private equity firm Silver Lake. Earlier in September, Reuters reported Wanda was exploring a deal to cut its stake in AMC. After the transaction, Wanda now owns about 38% of AMC shares (its previous majority stake 60%). As part of the deal, Silver Lake will get a seat on AMC’s board. Wanda acquired a majority stake in AMC in 2012 for $2.6 billion, in what was then the largest overseas acquisition by a privately held Chinese company and Wanda’s first foray into the United States. In 2017, Chinese regulators told banks to stop providing funding to companies such as Wanda, HNA Group Co Ltd and Anbang Insurance Group Co Ltd for overseas acquisitions, amid concerns over financial overstretching.

 

Chart shows rising trend.

As Loyalty Program, AMC announced that AMC Stubs A-List, With more than 400,000 members, has achieved 80% of the Company’s one-year membership goal and 40% two-year membership goal in just 14 weeks. Adam Aron, AMC CEO and President, said, “While we do not plan to issue A-List enrollment statistics on a weekly basis, our hitting more than 400,000 enrolled members only three months and a week after launching the program is an enormous milestone”.

Current I Know First subscribers received this bullish forecast on July 19

To subscribe today click here.

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.

How to interpret this diagram

=&0=&

 

 

I Know First Presents At AI In Finance Summit

I Know First Presents At AI In Finance Summit

This

Read More

NVDA Stock Forecast: 3 Stable Sources of Growth for NVIDIA

 

 

This article was written by Kwon Sok Oh, a Financial Analyst at I Know First.

 

 

Summary

  • NVIDIA Reports Great Results for Q1 2018

  • GPU Segment is Growing due the Gaming and AI Industries

  • Tegra Processor Segment is Expanding Through Autonomous Driving

  • Valuation Models Suggest NVDA is Currently Under Priced

  • I Know First's Algorithm Forecast is Bullish for NVDA in the Long Run

premiumRead The Full Premium Article

Subscribe to receive exclusive PREMIUM content here

The AI Renaissance: 5 Top AI Stocks To Consider

 

This article was written by Julia Masch, a Financial Analyst at I Know First.

 

Highlights

  • How NVDA, MSFT, YEXT, PFE, and BIDU Are Utilizing AI
  • Technical Analysis
  • Top Stock Pick By I Know First Algorithm

premiumRead The Full Premium Article

Subscribe to receive exclusive PREMIUM content here

Treasury Yield Curve: An Indicator Of The Economic Health

  The article was written by Hieu Nguyen, a Financial Analyst at I Know First.

Summary:

  • Definition and the importance of yield curve
  • Four types of yield curve and two types of yield curve movements
  • How to use Yield Curve to predict the health of the economy
  • Three groups of interest rate sensitive stocks to look for

To subscribe today and receive exclusive AI-based algorithmic predictions, click here

Extreme Networks Analysis

3D Systems Corporation (NYSE: DDD) Taking Part in Future Revolution of 3D Printing

[Image Source: StockNews.com]

“No One Can Take Our Smiles Away When Dental Decay is Kept Miles Away”
– Pro. Dr. Ninad Moon

Summary
• 3D Systems Q1 results of 2018
• ‘NextDent’ 5100 – 2018 Healthcare Application of the year
• I Know First Bullish Forecast for DDD

3D Systems Corporation, through its subsidiaries, provides three-dimensional (3D) printing products and services worldwide. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform data input generated by 3D design software, CAD software, or other 3D design tools into printed parts under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names. It also develops, blends, and markets various print materials, such as plastic, nylon, metal, composite, elastomeric, wax, polymeric dental, and Class IV bio-compatible materials. In addition, the company provides digital design tools, including software, scanners, and haptic devices, as well as products for product design, mold and die design, 3D scan-to-print, reverse engineering, production machining, metrology, and inspection. Further, it offers proprietary software and drivers that provide part review, part preparation, part placement, automated support building and placement, build platform management, and print queue management; and 3D virtual reality simulators and simulator modules for medical applications, as well as digitizing scanners for medical and mechanical applications. Additionally, the company provides warranty, maintenance, and training services; on-demand manufacturing solutions; and software and precision healthcare services. It primarily serves companies and small and midsize businesses in medical, dental, automotive, aerospace, durable good, government, defense, technology, jewelry, electronic, education, consumer good, energy, and other industries through direct sales force, as well as partner channels and distributors. The company was founded in 1986 and is headquartered in Rock Hill, South Carolina.

Q1 results of 2018
On May 2, 2018 3D Systems Corporation announced its Q1 report of 2018. Among the items of the report the revenue growth of 6% to $165.9 million compared to $156.4 million in Q1 of 2017 should draw investors’ attention in a positive direction to see that the company is on a growing path for the long term. Specifically, one could see 24% higher printer revenue on 44% higher printer unit sales, as well as sales growth in software, on demand manufacturing and healthcare solutions. However, the company’s GAAP operating expenses showed an increase of $95.4 million compared to $89.3 million in the prior year period. The result is that the company received non-GAAP loss of $0.03 per share compared to non-GAAP earnings of $0.06 per share in Q1 of 2017. The raise in the company’s total cost of sales to $88,006 compared to $76,245 in the prior year period and in the company’s investments in R&D is part of what caused the decrease in the company’s stock price per share for Q1 of 2018. Although, I still believe 3D Systems will grow in the long term and be among the top beneficiaries of 3D printing revolution in the upcoming future. Finally, during this quarter, the company used $1.5 million of cash in operations and ended with $121.6 million of unrestricted cash on hand.

[Image Source: 3DSystems.com]

‘NextDent’ 5100 – 2018 Healthcare Application of the year

[Image Source: 3DSystems.com]

On May 21, 2018 ‘NextDent’ 5100 (digital dentistry solution) was announced that it was awarded the 2018 healthcare application of the year by the publication ‘3D Printing Industry’. ‘NextDent’ 5100 was revealed on February 22, 2018. The ‘NextDent’ 5100 redefines digital dentistry and enables enhanced patient care. It is powered by Figure 4 technology- configurable assembly of interconnected SLA printers for mass production of custom parts and products. It is also being proposed as a platform for traditional manufacturers to bring their production facility to the digital era. In addition, it out-performs similar competitive offerings with 4 times the speed. By including the ‘NextDent’ 5100 into their workflow, dental laboratories and clinics of all sizes are able to address, for the first time, more conditions that cause pain or discomfort and potentially endanger a patient’s life or health with one solution. Cost-wise, 3D-printed dentures and orthodontist braces could be more cost-efficient than handcrafted.

Selling the ‘NextDent’ 5100 benefits 3D Systems in the digital dentistry. The acquisition of NextDent last year gave 3D Systems more than 18 biocompatible materials which it can sell to dentists and dental clinics. Like other printers, the bigger money is in supplying the materials. Dentists and dental clinics who purchase a 3D printer could become repeat customers for dental materials for many years.
As shown below, dental 3D printing market revenue is growing extensively with time and is expected to continue in this path due to rising prevalence of dental caries and increase in incidence of tooth loss owing to injury and accident.

DDD stock increased by 19.34% since the Q1 results of 2018 were announced.
My conclusion is that DDD stock will continue to grow in the long term given the fact that the 3D printing revolution has not arrived yet but when it does, 3D Systems will be among the top beneficiaries. ‘NextDent’ 5100 is not only a digital dentistry solution but also a revolutionary innovation.

[Image Source: Yahoo Finance]

According to analyst recommendations from Yahoo Finance, the current consensus is a “Hold” in 3D Systems Stock, with 10 advising.

[Image Source: Yahoo Finance]

Current bullish I Know First Algorithm forecast for DDD

3D printing is an upcoming revolution in the future. So, investing in 3D Systems, going long and holding, is a good course of actions as for now. I Know First Algorithm is currently bullish for DDD stock which appears to be bullish for 1, 3 and 12 months investment horizons.

Past I Know First Algorithm forecast success with DDD

On February 23, 2018 I Know First has made an accurate prediction for DDD.
With bullish signal of 25.09 and predictability indicator of 0.57 (see heat map explanation below) DDD is with about 27.43% gain since this bullish forecast.
This bullish forecast for DDD sent to the current I Know First subscribers on February 23, 2018.

 

I Know First Algorithm Heat-map Explanation

This indicator represents the predicted movement direction/trend. The signal strength indicates how much the current price deviates from what the system considers a balance or “fair” price.
The signal strength is the absolute value of the current prediction of the system. The signal can have a positive (increase), or negative (drop) sign. The heat map is arranged according to the signal strength with strongest up signals at the top. The table colors are indicative of the signal. Green indicates to the positive signal and red indicates a negative signal. A deeper color means a stronger signal and a lighter color equals a weaker signal. The sign of the signal tells in which direction the asset price is expected to go (positive = to go up = Long, negative = to drop = Short), the signal strength is related to the magnitude of the expected return and is used for ranking purposes of the investment opportunities.
Predictability measures the importance of the signal. The predictability is the historical relationship between the prediction and the actual market movement for that particular market. For each asset this indicator is recalculated daily. Theoretically the predictability ranges from minus one to plus one. The higher this number is the more predictable the particular asset is. In comparison to different time ranges, predictability will be higher for longer time. This means that longer-range signals are more accurate.
Predictability is a unique indicator of the I Know First algorithm which allows users to focus on the most predictable assets according to the algorithm. One should focus on predictability levels significantly above 0 in order to trust the signal, when ranging between -1 and 1.

Winning Stock Forecast: Whiting Petroleum Corporation (NYSE: WLL) Returns up to 19.14% in 14 days as forecasted

Whiting Petroleum Corporation engages in the acquisition, exploration, development, and production of crude oil, natural gas liquids, and natural gas primarily in the Rocky Mountains region of the United States. The company sells its oil and gas production to end users, marketers, and other purchasers. As of December 31, 2017, it had interests in 1,980 net productive wells on approximately 490,000 net developed acres, as well as total estimated proved reserves of 617.6 million barrels of oil equivalent. The company was founded in 1980 and is headquartered in Denver, Colorado.

Over the 14 days after I Know First issued its bullish forecast for WLL on May 7, 2018, Whiting Petroleum Corporation’s stock price jumped from $46.54 to $53.39 per share, outperforming the market by about 14%. The company’s Q1 results of 2018 contributed to the growth, released with the following highlights:

  • Average Production of 127,050 barrels of oil equivalent per day
  • Capital expenditure of $187 million
  • Net cash provided by operating activities of $233 million exceeded capital expenditures by $46 million
  • Discretionary cash flow of $290 million exceeded capital expenditures by $103 million
  • Diluted Earnings per Share of $0.16 and Adjusted Earnings per Share of $0.92

In addition to the above highlights, Whiting had a few reductions in order to optimize their performance. Depletion and amortization of $16.43 per BOE, oil differentials of $4.31 per barrel (Bbl) and natural gas differentials of $1.48 per thousand cubic feet (Mcf), all came in below the low end of guidance. Guidance at the midpoint for such metrics called for $17.50 per BOE, $4.50 per Bbl and $1.50 per Mcf, respectively.

[Image Source: Yahoo Finance]

From the above data one can see that Whiting Petroleum Corporation increased its share value by about 16.6% with their improving performance following the announcement of their successful Q1 results of 2018.

With good agreement with the I Know First bullish 14-day forecast that was published on May 7, 2018, WLL stock grow after the financial operations resulted for Q1 of 2018 were published on April 30, 2018. The forecast illustrated a signal of 60.23 and a predictability of 0.26. In accordance with the forecast, WLL’s stock returned 19.14% over this period, highlighting the accuracy of the prediction produced by the I Know First algorithm.

Current I Know First subscribers received this bullish WLL forecast on May 7, 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.

Pages:12»