The article was written by Chloe Peng, Analyst at I Know First., Master of Science of Finance candidate at Brandeis University.
Summary:
Automotive, airlines, energy companies are taking the biggest hit from Covid-19 crisis, while healthcare and online streaming companies benefit from the outbreak. It's not easy to do stock market forecast under the current situation.
The most important thing for investors is to accurately identify opportunities and risks and use sector rotation to optimize portfolio.
I Know First’s well-trained Artificial intelligence is crucial in finding the next winning sector before human analysts.
The article was written by Motek Moyen ResearchSeeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.
Summary:
Exploit the stock markets’ panic over coronavirus. My fearless forecast is 3D Systems’ stock can bounce back to $11 before June.
Going forward, 3D Systems will likely find more buyers for its production-grade additive manufacturing printers.
Manufacturers who rely too much on outsourced factories in China would likely consider purchasing 3D printers.
By having their own in-house 3D printers, companies can quickly produce the most important parts/components that their products require for assembly/production.
Wider adoption of additive manufacturing is imminent. I expect 3D Systems to become profitable by end of 2020 or early 2021.
The Stock Market Is Down, Volatility Is Up As Forecasted
Created by the Chicago Board Options Exchange (CBOE), The Volatility Index, or VIX, is a measure of uncertainty in the stock market, and is calculated from the implied volatility of the S&P 500 options, while the VXO measures volatility in the S&P 100. It is also known by other names like “Fear Gauge” or “Fear Index.” Investors, research analysts and portfolio managers look to VIX values as a way to measure market risk, fear and stress before they take investment decisions.
Source: Charles Chapman, Bear Or Bull
On October 10th, I Know First issued a bullish forecasts for ^VXO and ^VIX with signals of 34.78 for ^VXO, and 30.27 for ^VIX, with high predictability indicator of 0.21 and 0.22 respectively. The full World Indices Package includes a daily forecast for a total of 20 indices with bullish and bearish signals. The top performers of the 14 day forecast were ^VXO at 75.5% and ^VIX at 58.2%.
The forecasted success pointed to the recent struggles of the market before it had occurred.
Press Release: Tel Aviv, Israel, November 26th 2017 - Israel-China Accelerator Program, Stock Market Forecast Solution for China.
I Know First was one of 10 Israeli start ups chosen from over 100 different companies, for the Israel-China Accelerator Program, which is an initiative by the Israeli Ministry of Economy and Industry with the support of DayDayUp which is the leading business innovating community in China.
The Phoenix Companies, Inc,. (NYSE:PNX), a financial services company, was given a strongly bullish three month rating by the I Know First stock-trading algorithm, on July 24th, 2014. Amazingly, by October 24th, the stock had risen by an astounding 144.61%!
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