Top S&P 500 Stocks Based on Deep Learning: Returns up to 7.89% in 1 Month
Top S&P 500 Stocks
This top S&P 500 stocks forecast is designed for investors and analysts who need predictions for the whole S&P 500. It includes 20 stocks with bullish and bearish signals and indicates the best shares to buy:
- Top 10 S&P 500 stocks for the long position
- Top 10 S&P 500 stocks for the short position
Package Name: Top S&P 500 Stocks
Recommended Positions: Long
Forecast Length: 1 Month (8/9/24 – 9/9/24)
I Know First Average: 4.06%
Several predictions in this 1 Month forecast saw significant returns. The algorithm has correctly predicted 9 out of 10 stock movements. The top performing prediction from this package was PYPL with a return of 7.89%. UDR and BX followed with returns of 7.64% and 6.98% for the 1 Month period. The package had an overall average return of 4.06%, providing investors with a premium of 1.21% over the S&P 500’s return of 2.85%.
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.