This Best Tech Stocks forecast is designed for investors and analysts who need predictions of the best performing stocks for the whole Technology Industry. It includes 10 stocks with bullish and bearish signals and indicates the best tech stocks to buy:
Top 10 tech stocks for the long position
Top 10 tech stocks for the short position
Package Name: Tech Stocks Recommended Positions: Long Forecast Length: 7 Days (03/15/15 – 03/22/15) I Know First Average: 3.15% Get the “Top Tech Stocks” Package.
Micron Technology, Inc. (MU), based in Boise, Idaho, makes dynamic random-access memory (DRAM), NAND flash memory chips, image sensors and other components, and memory modules. The stock was a huge winner in 2014, as the stock price increased nearly 60%, well above the average return for the S&P 500. However, the stock has struggled so far this year, with share prices falling more than 20%. The dip in the stock’s performance might not be done yet, either, as the company has forecasted lower than expected guidance for the current quarter, but a buying opportunity could present itself in the future for patient investors.
This algorithmic forecast is part of the "World Indices" package, as one of I Know First's quantitative investment solutions. We determine our world indices picks by screening our database daily using our advanced algorithm. The full World Indexes Package includes a daily forecast for a total of 20 indices with bullish and bearish signals:
top ten world indexes to long
top ten world indexes to short
Recommended Positions: Long Forecast Length:1 Year (3/4/14 – 3/4/15) I Know First Average: 16.08%Get the "World Indices" Package.
Plug Power Inc. (PLUG), an alternative energy technology provider, is engaged in the design, development, manufacturing and commercialization of fuel cell systems for the industrial off-road markets worldwide. Plug Power uses cost-effective solutions to increase productivity, lower operating costs and reduce carbon footprints. Its signature solution, GenKey, provides an all-inclusive package for customers, incorporating GenFuel hydrogen and fueling infrastructure, GenCare aftermarket service and either GenDrive or ReliOn fuel cell systems. Plug Power set for large growth in 2015 Last year was a turning point for Plug Power, as the launch of GenKey, strong sales growth and promising new market initiatives set the company up for an exciting 2015. Sales have soared over the last few quarters on strong demand for its GenKey product, an integrated suite of GenDrive fuel cells and services, but the company sometimes has to contend with choppy revenue recognition. The company’s executives announced lower revenue projections than it was expecting, with the latest revenue projections for 2015 at $100 million. Previous estimates put the revenue projections for the year closer to $120 million.
Tesla Motors, Inc. (TSLA) designs, develops, manufactures and sells high-performance, fully electric vehicles. The electric car company revealed in it’s most recent earnings report that it lost $16 million, equivalent to a loss of 13 cents per share, falling well short of analysts’ expectations of 31 cents per share. Revenue was $1.1 billion, up 44% from a year ago, but also below analyst estimates of $1.2 billion. The electric car company’s stock price fell over 7% in after hour trading following the disappointing earnings report. The stock had been up roughly 10% over the last year, after it surged 344% in 2013. Concerns about demand for the company’s Model S weakening and productivity issues in China have surrounded the company’s headlines recently, and the weaker-than-expected earnings report will do nothing to ease these concerns.
This forecast is part of the “European Stock Market” package, as one of I Know First’s algorithmic trading tools. The full forecast includes a daily predictions for a total of 20 stocks with bullish and bearish signals:
Top ten stocks picks to long
Top ten stocks picks to short
Recommended Positions: Long Forecast Length: 1 Month (1/23/15 – 2/23/15) I Know First Average: 13.08%
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