Apple Stock Forecast
This Best 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
Recommended Positions: Long & Short
Forecast Length: 1 year (8/31/14 – 8/31/15)
I Know First Average: 21.42% Long; 22.42% Short
The Tech Stocks Package forecast from 8/31/2014 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 68.58%. Other top performing stocks from the forecast were Axcelis Technologies (ACLS) and Amazon.com (AMZN) with solid returns of 61.39% and 51.28% respectively. For the short position, the top performing stock was Advanced Micro Devices, Inc. (AMD) which decreased 56.59% as the algorithm correctly predicted. The average return for the long position was 21.42%, while the average return for the short position was 22.42%. These average returns significantly outperformed the S&P 500 return of -1.56% during the same time horizon.
The Massachusetts based Axcelis Technologies, Inc. (ACLS) saw its most recent bump in share price after releasing their second quarter earnings report. This report showed net income of $5.9 million, a healthy income that looks even better when compared with the loss they reported in the second quarter of last year. Both income and revenue surpassed Wall Street’s expectation of this semiconductor manufacturer and analysts expect revenues to increase further in the third quarter.
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.