Undervalued Stocks Based on Artificial Intelligence: Up To 11.83% return in 7 Days

Undervalued 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 a daily prediction for a total of 20 stocks with bullish and bearish signals:

  • top ten stocks picks to long
  • top ten stocks picks to short
  • S&P 500 forecast

Package Name: Top 10 Stocks
Forecast Length: 7 Days (12/22/15 – 12/29/15)
I Know First Average: 3.36%

Undervalued Stocks

8 of the 10 stocks included in the Top 10 Stocks forecast from 12/22/15 increased in accordance with the algorithm’s prediction for the 7 Day time horizon. The top performing stock was DVN with a return of 11.83% other very good performers were ODP with 4.88% return and CVE with 4.22% return. Investors using the I Know First service who invested evenly in these stocks would have outperformed the S&P 500 average of 2.83% with I Know First’s 3.36% average during the predicted time horizon.

Devon Energy Corporation (DVN) an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids (NGLs) in the United States and Canada. The latest on Devon is that they are waiting for the American Petroleum Institute to release its numbers by the 29th, Dec 2015 afternoon and also the Energy Information Administration will release its weekly inventory data on Wednesday. This two numbers will help Devon Energy Corp to make more financial decisions and put in motion their distribution plan for 2016.

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.