Tech Stocks To Buy

This Tech Stock forecast is based on stock picking strategies for investors and analysts who need predictions for the 10 best tech stocks to buy in the Technology Industry (see Tech Stocks Package). It includes 20 stocks with bullish and bearish signals:

• Top 10 Tech stocks for the long position
• Top 10 Tech stocks for the short position

Package Name: Tech Stocks Forecast
Recommended Positions: Long
Forecast Length: 1 Year (2/19/2019 – 2/19/2020)
I Know First Average: 39.37%

In this 1 Year forecast for the Tech Stocks Forecast Package, there were many high performing trades and the algorithm correctly predicted 8 out 10 trades. MELI was the top performing prediction with a return of 104.55%. NVDA and NVMI also performed well for this time horizon with returns of 100.01% and 57.16%, respectively. The package itself saw an overall return of 39.37%, providing investors with a 17.37% premium above the S&P 500’s return of 22.0% for the same time period.

MercadoLibre, Inc., incorporated on October 15, 1999, is an e-commerce company. The Company enables commerce through its marketplace platform (including online classifieds for motor vehicles, vessels, aircraft, services and real estate) in Latin America. The Company’s platform is designed to provide users with a portfolio of services to facilitate commercial transactions. Its geographic segments are Brazil, Argentina, Mexico Venezuela and Other Countries (which includes Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama, Peru, Portugal, Guatemala, Bolivia, Paraguay, Uruguay and the United States of America). It also operates online commerce platforms in the Dominican Republic, Honduras, Nicaragua, Salvador, Panama, Bolivia, Guatemala, Paraguay and Portugal. The Company offers its users an ecosystem of six integrated e-commerce services: the MercadoLibre Marketplace, the MercadoLibre Classifieds Service, the MercadoPago payments solution, the MercadoLibre advertising program, the MercadoShops online Webstores solution and the MercadoEnvios shipping service. In addition, the Company operates a real estate classified platform that covers some areas of State of Florida, in the United States.

Algorithmic traders utilize these daily forecasts by the I Know First market prediction system as a tool to enhance portfolio performance, verify their own analysis and act on market opportunities faster. This forecast was sent to current I Know First subscribers.

How to interpret this diagram

Algorithmic Stock Forecast: The table on the left is a stock forecast produced by I Know First’s algorithm. Each day, subscribers receive forecasts for six different time horizons. Note that the top 10 stocks in the 1-month forecast may be different than those in the 1-year forecast. In the included table, only the relevant stocks have been included. The boxes are arranged according to their respective signal and predictability values (see below for detailed definitions). A green box represents a positive forecast, suggesting a long position, while a red represents a negative forecast, suggesting a short position.

Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.