Winning Stock Forecast: RAVE, AP Gains 47.92% and 27.19% In 7 Days

In the 7-day forecast period from May 14th to May 21st, both Rave Restaurant Group Inc (RAVE) and Ampco-Pittsburg Crop (AP) displayed stunning returns, in alignment with the bullish I Know First forecast for that time period.

Rave Expands Sales With “Triple Cheezy Stuffed Crust,” Online Delivery

RAVE gains 47.92% in 7 days

RAVE’s products and services are best known under the trademark Pizza Inn. RAVE and its subsidiaries operate and franchise 250 restaurants spanning pizza buffets, delivery, and express restaurant services. The Texas-based company controls the segments of Pizza Inn Franchising, Pie Five Franchising, and Company-Owned Restaurants.

While there are many factors attributable to RAVE’s leap in price this past week, the most relevant, from the consumer perspective, is the reintroduction of the widely beloved “Triple Cheezy Stuffed Crust” at Pizza Inn restaurants announced on May 14. In conjunction, RAVE is expanding access to pizza overseas. On May 20, Spanish delivery company Glovo finalized a deal with African fast-food restaurant operator Simbisa Brands, allowing consumers in Kenya, Zambia, Ghana, the Democratic Republic of Congo, and Mauritius to eventually use an app to order from Glovo-supported joints such as Pizza Inn, Chicken Inn, and Creamy Inn. The rising potential for increasing overseas sales could have also contributed to RAVE’s impressive bump in the past week.

RAVE’s upturn follows a lukewarm Q3 update announced on May 8th. RAVE reported a $0.4 million increase in total revenue from the past quarter, which brought the figure to $3.1 million. While total domestic retail sales increased 1.1% compared to Q3 of the previous year, largely thanks to the success of Pizza Inn, Pie Five seemed to stumble with a 18.1% decrease in system-wide retail sales, largely attributable to less units being open. Overall, RAVE posted a net loss of $0.3 million, which was still an improvement from the $0.5 million loss of Q3 in the previous year.

On May 14, I Know First issued a 7-day forecast for RAVE with a strong signal of 4.87 and a predictability indicator of 0.12. Indeed, RAVE surpassed expectations by pulling a whopping 47.92% in the corresponding time range. In fact, the shorts are “running away” from RAVE stock, with shorted shares falling by 8080 in a fortnight. The forecast referenced in this article was issued as part of the Stocks Under 10 Dollars package.

AP: Positive Q1 update signals stable upturn

AP rises 27.19% in forecast period

The US-based Ampco-Pittsburg Corporation (AP) and its subsidiaries produces custom-designed engineering products internationally. It operates in two sectors, Forged and Cast Engineered Products and Air and Liquid Processing. The first encompasses products such as hardened steel rolls used in rolling mills to produce other metals, along with ingot and open-die forged products used for oil and gas, as well as the extrusion of of aluminum and plastic. The second segment focuses on finned tube heat exchange coils and other heat transfer products used in industries such as nuclear power generation and HVAC.

AP employee in Carnegie plant (Source: Pittsburg Post-Gazette)

On May 10, AP released its Q1 2019 report detailing an increase in sales, from $106.4 million in Q1 2018 to $107.5 million this year. Most of this increase can be traced to the Air and Liquid Processing segment, which posted a 5% increase in sales year over year by boosting sales in air handling units and centrifugal pumps. In the Forged and Cast Engineered Products segment, forged and cast roll sales rose but was countered by falling sales of forged engineered products to the oil and gas industries.

On May 14, I Know First issued a 7-day forecast for AP with a bullish signal of 2.31 and a predictability indicator of 0.26. Indeed, AP gained a satisfactory 27.19% in the corresponding time range. The forecast referenced in this article was issued as part of the Stocks Under 10 Dollars package.

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Current I Know First subscribers received a bullish RAVE and AP forecast on 14th May with a signal of 4.87, 2.31 respectively and with a predictability score of 0.12, 0.26 respectively for a 7-day time frame. 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.

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.

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

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