I Know First Algorithmic Review: August 25th

The stocks selected here are the top performing stocks from I Know First: Daily Market Forecast’s August 25th 2014 Stock Forecast titled, Tech Stocks to Buy: 36.68% Gain in 1 Month. The "I Know First Average" return was 9.49% versus the S&P 500’s return of 0.55% over the same time period.

Tech Stocks (July 25th)

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First Solar Inc Stock Forecast Returns 7.70% in 30 Days

First Solar Inc (FSLR)

First Solar was a top 10 stock pick recommended to I Know First subscribers on June 9th for the 1-month time horizon. FSLR had a strong signal of 36.87 and a predictability of 0.11. As predicted, SLW surged 7.70%.

    First Solar Inc. provide solar energy solutions through two segments, Components and Systems. The component segment designs, manufactures, and sells solar modules.  The Systems segment provides turn-key solar photovoltaic (PV) power systems, such as project development, operating and maintenance, and PV power system owners.  The Solar Energies Industries Associated reported a 79% jump in PV units installed year over year. This translated into a 26% revenue gain for FSLR and a 3% jump in their profit margin. First Solar has just received the approval for financing Latin America's largest photovoltaic solar power plant.

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used 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.
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FSLR Stock Forecast Based on Algorithms: First Solar, Inc’s Chart of the Last 5 Months