Top 10 Stocks

This forecast is part of the “Top 10 Stock Picks” package, as one of I Know First’s algorithmic trading tools. The full Top 10 Stock Picks forecast includes a daily prediction for a total of 20 stocks with bullish and bearish signals:

• top ten stocks pick to long
• top ten stocks pick to short
• S&P 500 forecast

Package Name: Top 10 Stocks    
Forecast Length: 3 Days (05/05/16 – 05/08/16)
I Know First Average: 1.03% (long); 0.29% (short)

The I Know First predictive algorithm accurately forecasted 16 out of 20 stocks as well as the S&P500 movement for the 3 day time horizon starting on May 5th, 2016 for the top 10 S&P 500 stocks for the long position. Top performers for this package were DPM, followed by OKE and HAIN, with returns of 4.68%, 4.19%, and 3.59%. The package returned an average of 1.03% for the long position, compared to the S&P 500’s return of 0.29% for the same 3 days. For the short position, top stock picks were CHK and HFC with their noteworthy returns of 18.86% and 4.11%. The packages average return was 3.36% for the short position while the S&P 500 returned 0.29% for the period.

DCP Midstream Partners, LP, together with its subsidiaries, owns, operates, acquires, and develops a portfolio of midstream energy assets in the United States. It operates on three different fields: Natural Gas Services, Natural Gas Liquids (NGL) Logistics, and Wholesale Propane Logistics. The company  reported its 1Q16 earnings on May 4. Its 1Q16 EBITDA (earnings before interest, taxes, depreciation, and amortization) increased to $173 million from $162 million in 1Q15, a year-over-year increase of 6.8%. In turn, increasing the firms stock prices.

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.