Winning Stock Forecast: Chemours, ArcelorMittal and S&P 500

Chemours Company (CC)

Source: Wikimedia Commons

Over the period from the 8th May to 15th May Chemours (CC) stock price dropped by 18.39% following a strong sell rating provided by the I Know First stock picking algorithm. The Chemours Company operates through three segments: Titanium Technologies, Fluoroproducts and Chemical Solutions.

Chemours’ income results mostly from Titanium Technologies with their biggest product titanium dioxide (TiO2). On the quarter earnings results published on May 3, the company reported a decrease of 35% in Titanium Technologies net sales, and a decrease of 20% in the total net sales year-over-year. In addition, the diluted earnings per share were 0.55, much lower than the 1.58 of 2018.

Titanium dioxide sees the most use as a white pigment in paint. Industries like automotive and construction use a big amount of this product, so when these industries are doing well, sales of TiO2 go up, but when they are not in a good position TiO2 sales go down. The present global economic scenario with the US-China trade war, doesn’t look good for Chemours.

ArcelorMittal SA (MT)


ArcelorMittal S.A. (MT), incorporated on June 21, 2001, is a holding company. The Company, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia and Africa.

ArcelorMittal stock price fell by 14.08% over the period from May 8 to May 15, in line with the I Know First Algorithm’s forecast. On May 9 ArcelorMittal published the first quarter results of the year. The operating income decreased more than 50%, compared to Q1 2018, although sales didn’t have changes. The decreased in income was due mainly to higher costs, and concerning macroeconomic signs. In the chart below is shown the SLX price (steel ETF fund) fell over the period forecasted by 2.78%.

Steel prices and steel demand are the factors that can change the direction of ArcelorMittal. Management seems to be disciplined, but concerns about US market are likely to stay weak a bit longer.

S&P 500 Continuing Slump

Over the period from the 8th May to 15th May the S&P 500* index dropped 1.15% in line with the I Know First Algorithm forecast. The US-China trade war is affecting some industries like tech, automotive and agriculture. President Trump is threatening with imposing tariffs on all Chinese imports.

The trade war scenario leaves exposed the semiconductor companies, like NVIDIA, Micron and Intel, which depend on China for sales. Apple is also suffering, because of their China-assembled phones.

Huawei is one of the most concerned, considering the US is one of their biggest suppliers, including the chipmakers Qualcomm and Micron Technology.

Current I Know First subscribers received a bearish forecast for CC, MT and S&P 500 index on 8th May for the 7 days time frame.

Forecast heatmap

*The S&P 500 is an index based on the market capitalization of 500 largest companies having common stock listed on the NYSE or NASDAQ stock Exchange. It is considered as the most representative index of the market situation.

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

Please note-for trading decisions use the most recent forecast.