Top Stock Picks Based on Algo Trading: Returns up to 21.68% in 1 Month
Top Stock Picks
Top Stock Picks: This S&P 100 stocks forecast is designed for investors and analysts who need predictions for the best large cap performing stocks in the S&P100 Company Package (see S&P100 Stocks Package). It includes 20 stocks with bullish and bearish signals and indicates the best S&P100 Companies stocks to buy:
- Top 10 S&P100 stocks for the long position
- Top 10 S&P100 stocks for the short position
Package Name: S&P 100 Stocks
Recommended Positions: Long
Forecast Length: 1 Month (8/4/24 – 9/4/24)
I Know First Average: 9.35%
In this 1 Month forecast for the S&P 100 Stocks Package, there were many high performing trades and the algorithm correctly predicted 9 out of 10 trades. SBUX was the top performing prediction with a return of 21.68%. Other notable stocks were PYPL and BRK-B with a return of 17.15% and 11.72%. With these notable trade returns, the package itself registered an average return of 9.35% compared to the S&P 500’s return of 3.25% for the same period.
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.