Amazon Stock Forecast: Bet On India Is Another Reason To Buy AMZN

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology  – Senior Analyst at I Know First. 
  • Jeff Bezos plans to invest $3 billion to grow its business in India.
  • Amazon is now the No.2 online marketplace in India. Flipkart is still No.1.
  • India’s online retail industry is predicted to grow to $75 billion by 2020.
  • The $3 billion investment will help improve Amazon’s network of distribution centers in India.
  • AMZN still has positive short and long-term algorithmic forecasts.

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Top Stocks Using Artificial Intelligence: Returns of up to 76.58% in One Year

Package Name: Tech Stocks
Recommended Positions: Long & Short
Forecast Length: 1 Year (07/27/14 – 07/27/15)
I Know First Average: 27.08% Long; 23.26% Short

Read The Full Forecast

Top Stocks

AMZN Stock Forecast: 20.54% Gain In 3 Months

Amazon.com Inc. (AMZN) was a top stock pick based on predictivelogo algorithm recommended to I Know First subscribers on October 30th for the 3-month time horizon. Amazon had a signal of 75.48 and a predictability of 0.33. In accordance with the algorithm, the company reported short-term capital gains of 20.54%.

AMZN was part of the stock forecast that can be found in the “Top Tech Stocks” Package. The full Top 10 Top Tech Stocks forecast includes a daily prediction for a total of 20 stocks with bullish and bearish signals:
  • Top ten stocks picks to long
  • Top ten stocks picks to short
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