Apple Stock Forecast
This Tech Stocks forecast is designed for investors and analysts who need predictions of the best performing stocks for the whole Technology Industry (See Industry Package). It includes 20 stocks with bullish and bearish signals and indicates the best tech stocks to buy:
- Top 10 tech stocks for the long position
- Top 10 tech stocks for the short position
Package Name: Tech Stocks
Forecast Length: 1 year (9/19/14 – 9/19/15)
I Know First Average: 17.85% Long; 35.51% Short
The Tech Stocks Package forecast from 9/19/2014 included the top 10 stocks for both the long and short positions. The most impressive stock for the long position was Netflix (NFLX) with a return of 56.50%. Other top performing stocks from the forecast were ACLS and CTSH with solid returns of 36.79% and 36.46% respectively. For the short position, the top performing stock was Allegheny Technologies Incorporated. (ATI) which decreased 57.91% as the algorithm correctly predicted. The average return for the long position was 17.85%, while the average return for the short position was 35.51%. These average returns significantly outperformed the S&P 500 return of -1.39% during the same time horizon.
Netflix, Inc. (NFLX), the world’s largest online video streaming service, has more than 65 million subscribers in over 50 countries. Netflix has managed to add more than 3.3 million subscribers in its July quarter; furthermore, the company is expanding its network substantially overseas. Despite increasing competition, NFLX’ shareholders still remain strongly confident within NFLX’ growth.
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 algorithmic traders.
Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.