Winning Stock Forecast: Calling KEM Stock Returns 25.03% in 7 Days


[Image Source :]

KEMET Corporation (KEMET), incorporated on July 9, 1990, is a manufacturer of passive electronic components. The Company operates in two segments: Solid Capacitors, and Film and Electrolytic. The Company offers multilayer ceramic, solid and electrolytic aluminum and film capacitors. The Company’s product offerings include surface mount, which are attached directly to the circuit board; leaded capacitors, which are attached to the circuit board using lead wires, and chassis-mount and other pin-through-hole board-mount capacitors, which utilize attachment methods, such as screw terminal and snap-in.

The Company’s product line consists of various part configurations distinguished by various attributes, such as dielectric (or insulating) material, configuration, encapsulation, capacitance (at various tolerances), voltage, performance characteristics and packaging. The Company sells its products to a range of original equipment manufacturers (OEMs), including computer, communications, automotive, military, consumer, industrial and aerospace industries. The Company also sells its products to electronics manufacturing services (EMS) providers, which also serve OEMs in these industries. In Asia-Pacific, KEMET manufactures tantalum and aluminum polymer and electrolytic products in China. In Europe, the Company has manufacturing locations in Bulgaria, Finland, Italy, Macedonia, Portugal and Sweden. In addition, it also operates product innovation centers in the United Kingdom, Italy, Germany and Sweden.

On October 30, KEM announced their second quarter results. Net sales of $349.2 million were up 15.8% versus the prior year second fiscal quarter. This was the 11th consecutive quarter over quarter revenue growth for the company. Net income was $37.1 million compared to the prior quarter of $35.2 million. For the quarter ended in September 2017 they reported a net income of $12.8 million. Kemet managed to increase the Gross Margin by 4.3% to 32.5% in all their business segments compared to the prior quarter. For the future they expect additional margin growth and revenue growth. “Customer agreements on ceramics products have also been signed that establish ten-year commitments related to capacity expansion that will enable the Company to continue to grow and have committed utilization well into the future” stated Per Loof, the Company’s Chief Executive Officer.

[Image Source :]

KEM saw a rise of 25.03% over a period of 7 day. Two days were crucial during that 7 days. The second rise was mainly due to the strong result the company reported. The first rise was on the 29 of October, when KEMET announced to refinance with Sumitomo Mitsui Trust Bank, which will lower the debt balance to approximately $296 million. KEMET expect saving for annual interest rate to approximately $21 million. This day the stock price significantly profited from that news.

The chart below shows the forecast of I Know First and the top 10 stock picks published on October 24th, I Know First has issued 7 days buying recommendation for Kemet with the signal of 6.47 and the predictability of 0.32.

7 days later, Kemet was up 25.03%, in line with our forecast.

Option Forecast

Current I Know First subscribers received this bullish forecast for KEM on October 24th.

To subscribe today click here.

How to interpret this diagram

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.

Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.





Before making any trading decisions, consult the latest forecast as the algorithm updates predictions daily. You can use the algorithm for intra-day trading. The predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.