Top Stock

This Bank Stocks forecast is designed for investors and analysts who need predictions of the best performing stocks for a specific industry: Best Bank Stocks. It includes 20 stocks with bullish and bearish signals and indicates the best bank stocks to buy:

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

Package Name: Bank Stocks
Recommended Positions: Long
Forecast Length: 1 Month (10/9/15 – 11/9/15)
I Know First Average: 11.75%

The top 10 stocks for the long position were included in the 1 Month forecast from 10/9/2015 that was part of the Bank Stocks package. For the long position Lending Tree Inc. (TREE) had the best performance during the predicted time horizon with an outstanding return of 34.35%. Another stock with an outstanding performance during the 1 Month time horizon was WETF and OSBC with a return of 24.94% and 22.20% respectively. The average returns for the long position was 11.75%, which out performed the S&P 500 return of 3.24% during the same time period.

LendingTree, Inc. (LendingTree), formerly Tree.com, Inc. is engaged in operating an online loan marketplace for consumers an array of loan types and other credit-based offerings. Lending Tree was one of the largest gainers on the Russell 2000. The Russell 2000 is one of the leading indices tracking small cap companies.  TREE traded negative at $120. On an intraday basis, the price dropped -0.25 points or -0.21%. The composite uptick value was $10.38 million while the combined downtick value was $9.05.

Algorithmic traders utilise 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.