Top Stocks

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

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

Package Name: Stock Forecast & S&P500 Forecast
Recommended Positions: Long
Forecast Length: 1 Year (10/7/20 – 10/7/21)
I Know First Average: 73.7%

9 out of 10 stock prices in this forecast for the Stock Forecast & S&P500 Forecast Package moved as predicted by the algorithm. The prediction with the highest return was WAL, at 219.2%. The suggested trades for EWBC and ALGN also had notable 1 Year yields of 125.66% and 109.25%, respectively. The package had an overall average return of 73.7%, providing investors with a 42.79% premium over the S&P 500’s return of 30.91% during the period.

Western Alliance Bancorporation (WAL) operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. The company accepts various deposit products, including checking accounts, savings accounts, and money market accounts, as well as fixed-rate and fixed maturity retail certificates of deposit. It also offers commercial and industrial loan products comprising working capital lines of credit, inventory and accounts receivable lines, mortgage warehouse lines, equipment loans and leases, and other commercial loans; commercial real estate loans, which are secured by apartment buildings, professional offices, industrial facilities, retail centers, and other commercial properties; construction and land development loans for multi-family apartment projects, industrial/warehouse properties, office buildings, retail centers, and medical facilities; and consumer loans. In addition, the company provides other financial services, such as Internet banking, wire transfers, electronic bill payment, lockbox services, courier, and cash management services. Further, it holds and manages certain non-performing loans and other real estate owned. Western Alliance Bancorporation (WAL) was founded in 1994 and is headquartered in Phoenix, Arizona.

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.