Identifying The Best Stocks On Robinhood Using AI

The article was written by Jessica Kremer - Analyst at I Know First.

Summary:

  • Robinhood has changed the online broker industry, realizing a $8.3 billion valuation and possessing a large portion of the market space.
  • Robinhood investors, in conjunction with I Know First’s algorithm forecasting, have repeatedly scored big.
  • I Know First can provide Robinhood users with multiple stock forecasting options, including custom forecasts for individual portfolios.

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Quick Win by the Algorithm: Legacy Reserves LP (NASDAQ: LGCY) Returns up to 29.53% in 1 month

Legacy Reserves LP acquires and develops oil and natural gas properties primarily in the Permian Basin, East Texas, Rocky Mountain, and Mid-Continent regions of the United States. As of December 31, 2017, the company owned interests in producing oil and natural gas properties in 606 fields comprising 10,492 gross productive wells, including 3,497 operated and 6,995 non-operated wells located in the Permian Basin, East Texas, Piceance Basin of Colorado, Texas Panhandle, Wyoming, North Dakota, Montana, Oklahoma, and other states. It had proved reserves of approximately 180.0 million barrels of crude oil equivalent. Legacy Reserves LP was founded in 2005 and is headquartered in Midland, Texas.

[Image Source: Legacy Official Website]

Over the 1 month after I Know First issued its forecast on March 25, 2018, Legacy Reserves’s stock price jumped from $4.51 to $5.81 per share, outperforming the market by about 18%. What happened that drove the growth? The reason lies in the company’s Corporate Transition.

Legacy Reserves announcement that it would transition from an MLP to a C-Corp led the company to more than 11% rise on March 26, 2018. To enable the move, investors will receive one share of New Legacy’s common stock for each unit currently owned. In addition to that, the company will also convert its outstanding preferred shares into common stock. These moves will reduce complexity and enable the company to move forward with a simplified corporate structure. “As a result of the Transaction, Legacy will become a newly-traded C-Corp stock with a less complicated balance sheet and an enhanced opportunity to raise capital and grow the business”, Said Mr. Paul T. Horne, Chairman and Chief Executive Officer of Legacy’s general partner, commented.

I Believe that the Corporate Transition is the main reason for the company’s growth during the 1-month time period.

[Image Source: Yahoo Finance]

From the above data one can see that Legacy Reserves LP increased its share value by transitioning from an MLP to a C-Corp. In addition, the company has since April 12 a big market gap which gives it the market gain for these days.

On March 25, 2018 I Know First issued a bullish 1 month forecast for Legacy Reserves LP (NASDAQ: LGCY). The forecast illustrated a signal of 176.30 and a predictability of 0.45. In accordance with the forecast, LGCY’s stock returned 29.53% over this period, highlighting the accuracy of the prediction produced by the I Know First algorithm.

Current I Know First subscribers received this bullish LGCY forecast on March 25, 2018

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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.

SIFY Stock Forecast: Sify Technologies Limited Stock On The Rise

 The article was written by Aline Rzetelna, a Financial Analyst at I Know First

SIFY Stock Forecast: 

Summary:

  • SIFY Regains Compliance with Nasdaq Minimum Bid Price Requirement
  • SIFY Expands Its Network Presence
  • SIFY Reports First Quarter Consolidated Results
  • I Know First Bullish Forecast on SIFY

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Shorting Stocks Based on Machine Learning: Up To 29.61% Return in 1 Month

Package Name: Top 10 Stocks
Forecast Length: 1 month (12/18/2015 – 01/18/2016)
I Know First Average: 18.12%

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1m short 19jan

GOL stock forecast: Turbulence for this South American Airline

GOL stock forecast: Turbulence for this South American Airline

On the 24th of July, 2015, the I Know First Algorithm provided a gloomy three month outlook for GOL Linhas Aéreas Inteligentes S.A. (NYSE:GOL), an air transport company. Unsurprisingly, three months later, on the 24th of October, GOL had fallen by 45.35%.

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GOL stock forecast

Top Small Cap Stocks Based On Algorithms: Up To 11.61% in 14 Days

Package Name: Best Small Cap Stocks
Recommended Positions: Long
Forecast Length: 14 Days (5/27/15 - 6/10/15)
I Know First Average: 3.90%

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top small cap stocks

Best Biotech Stocks Based on Algorithms: 6.70% Average Return in 14 Days

Package Name: Industry Package - Biotech Stocks
Recommended Positions: Long 

Forecast Length:
 14 days (05/19/15 – 06/02/15)
I Know First Average: 6.70%


best biotech stocks

ETF News: Vangaurd Group’s REIT ETF Is Long Term Value Opportunity

ETF News: Why Vanguard Group’s REIT ETF Is Both A Short Term Swing And Long Term Value Opportunity

  • Summary of the ETF’s portfolio, assets, and allocation.
  • Explanation of the resistance after reaching pre-crisis price levels.
  • The S&P/Case-Shiller US National Home Price Index looks well aligned for growth in upcoming months.
  • Algorithmic analysis explaining the short term opportunity of this long term value investment.

Portfolio characteristics and structure

ETF News

The 14 days and 1 month forecast identifies Vanguard REIT ETF with a strong likelihood of appreciating in these time horizons, identified by the signals 18.9 and 17.01 respectively.

The combination of a short term opportunity with solid fundamentals and track record present this ETF as a truly attractive opportunity. Investors interested in real estate should strongly consider it as a part of their portfolio.