Top Stocks Based on Pattern Recognition Algorithms: Return up to 40.82% in 14 Days

Top 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 daily predictions 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: 14 days (02/17/2016 – 03/02/2016)
I Know First Average: 16.64%

Top Stocks

The algorithm correctly forecasted the increase of 9 out of 10 stocks in the long position for this forecast on the 14-day time horizon. The top performing stock was FCX with an exceptional 40.82% return in just two weeks following the February 17th forecast. Other notable stocks in this package were LNG and VALE with returns of 37.32% and 31.05% respectively. This package returned an overall average return of 16. 64% to investors while the S&P 500 returned only 4.79% for the period.

Freeport-McMoRan Inc. (FCX), a natural resource company, is one of the world’s leading producers of gold and copper. The company is involved in the exploration and development of mineral assets, and oil and natural gas resources. Bank of America recently upgraded their position on FCX to neutral, seeing limited near-term upside catalysts for the company, with breakeven 2016 cash flows and uncertainty in Indonesia.

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.

How to interpret this diagram

Please Note – For trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.