This Best Technology 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: 14 days (02/10/16 – 02/24/16)
I Know First Average: 11.15%
The predictive algorithm correctly forecasted 7 out of 10 stocks to increase for this package in the long position on the 14-day time horizon starting on February 10th. The top stock of the week was GUID returning an impressive 54.52% in just 2 weeks. TSLA, AMZN, and JCOM also performed well this week with returns of 20.74%, 14.93%, and 13.20% respectively. This I Know First package returned an average of 11.15% to investors while the S&P 500 saw only 4.19% growth.
Guidance Software, Inc. (GUID) is a software company based in Pasadena, California that provides digital investigative solutions in the United States, Europe, Asia, and internationally. In January 2016, Mr. Shawn McCreight left the company after a 3-year period of decline in revenues, market share, stock value, and employee morale. The company is amidst management restructuring and it seems to be working.
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.