Stock Market Outlook Based on Machine Learning: Returns up to 57.92% in 1 Month

Stock Market Outlook

This Basic Industry forecast is designed for investors and analysts who need daily stock market predictions of the best-performing stocks for the whole Basic Industry (see Basic Industry Stocks Package). It includes 20 stocks with bullish and bearish signals and indicates the best basic industry stocks to buy based on artificial intelligence and our stock market outlook:

  • Top 10 Basic Industry stocks for the long position
  • Top 10 Basic Industry stocks for the short position

Stock Market Prediction Algorithm
Package Name: Basic Industry Stocks
Recommended Positions: Long
Forecast Length: 1 Month (11/20/2016 – 12/20/2016)
I Know First Average: 12.36%
Stock Market Outlook

For this 1 Month forecast, the algorithm had successfully predicted 7 out of 10 movements. The highest trade return came from HOV, at 57.92%. The suggested trades for X and MDR also had notable 1 Month yields of 28.84% and 27.33%, respectively. The overall average return in this Basic Industry Stocks package was 12.36%, providing investors with an 8.29% premium over the S&P 500’s return of 4.07% during the same period.

Hovnanian Enterprises, Inc. (HOV), designs, constructs, markets, and sells residential homes in the United States. It constructs single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes.

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. Get today’s forecast and Top stock picks.