Tech Stocks To Buy: Up To 18.73% Return Over 7 Days
Tech Stocks To Buy
This Best Tech Stocks forecast is designed for investors and analysts who need predictions of the best performing stocks for the whole Technology Industry (See Industry Package). It includes 20 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
Forecast Length: 7 Days (8/23/15 – 8/30/15)
I Know First Average: 5.83%
The algorithm correctly predicted that 8 of the 10 stocks would increase during the predicted time horizon of 7 days in the tech stocks package forecast from 8/23/2015. The most impressive prediction was for Jinko Solar, Inc. (JKS), which offered an amazing return of 18.73% during the predicted time horizon to investors who bought this stock. Other impressive returns were NeoPhotonics Corporation (NPTN) and Sierra Wireless (SWIR) which increased by 11.90% and 10.45%, respectively. The average return from this forecast for investors was 5.83%, offering a premium to investors over the S&P 500 return of 0.91% during the predicted time horizon.
Investors positively welcomed the Q2 earnings of Jinko Solar which exceeds expectations. In fact, its share has recovered when the firm reported its strong financial results. Revenues increased 31.7% year over year coming to 516.2$ million. Jinko Solar is a leader in the solar industry. They provide solar modules, cells and wafers. They have decided to become more focus on solar modules than solar cells and that seems to be a positive shift for the company. They increased their shipments significantly.
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 algorithmic traders.
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Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.
