Weekly Stock Market Review
Ephraim Golgher ?
Chief Operations Officer at I Know First: Daily Market Forecast
Dear I Know First Subscribers,
As we navigate the complexities of the stock market, our commitment to leveraging AI for insightful analysis and forecasting remains unwavering. The I Know First AI algorithm continues to be a trusted resource for the world's leading hedge funds, investment houses, banks, family offices, brokerage firms, and high-net-worth individuals, providing daily market opportunities with precision and reliability.
Our algorithm's daily predictions have been instrumental in aiding both institutional and retail clients to identify market opportunities with confidence.
In addition to these daily insights, we offer tier 2 solutions: systematic trading strategies that can be transformed into investment vehicles such as smart beta ETFs, mutual funds, or even hedge funds. Last month marked a significant milestone with the launch of the first AI-powered mutual fund in partnership with Meitav investment house.
In early April, our strategies underwent a rebalancing process, which accurately identified a RISK OFF market, signaling a shift towards short selling or a move to cash. This strategic pivot was timely, as the market subsequently experienced a downturn, with the broad market index dropping 1.56%, the Dow falling 2.37%, and the Nasdaq decreasing by 0.45% for the week.
As discussed in our recent webinar, our indices package is a powerful stock market intelligence tool. The?indices forecast,?which saw the VIX and the VXN rise to the top part of the heatmap, provided precise market intelligence about the impending negative trend. This foresight was further validated by our accurate predictions for the best stocks to short.?
Recent opportunities detected by our AI have been nothing short of impressive: In the 3 Days forecast for the High Short Interest Stocks Package, ARQT, RILY, and IBRX all had returns of 16.56%, 14.11%, and 9.79%, respectively. The High Short Interest Stocks package recorded an overall average return of 4.2%, providing investors with a premium of 3.13% over the S&P 500’s return of 1.07% during the same period. In the 7 Days forecast for the Fundamental – Low P/E Stocks Package, ACB, AG, and ALDX all had returns of 35.07%, 22.83%, and 19.72%, respectively. The Fundamental – Low P/E Stocks package recorded an overall average return of 8.25%, providing investors with a premium of 9.12% over the S&P 500’s return of -0.87% during the same period. In the 1 Month forecast for the Energy Stocks Forecast Package, SMLP, REI, and GE all had returns of 37.48%, 29.19%, and 16.41%, respectively. The Energy Stocks Forecast package recorded an overall average return of 7.03%, providing investors with a premium of 6.92% over the S&P 500’s return of 0.11% during the same period. In the 3 Months forecast for the Biotech Stocks Forecast Package, VINC, CRDF, and CGEM all had returns of 305.08%, 274.52%, and 67.16%, respectively. The Biotech Stocks Forecast package recorded an overall average return of 72.19%, providing investors with a premium of 61.44% over the S&P 500’s return of 10.75% during the same period. In the 1 Year forecast for the Mega Cap Forecast Package, NVDA, META, and AVGO all had returns of 222.27%, 140.28%, and 114.59%, respectively. The Mega Cap Forecast package recorded an overall average return of 79.11%, providing investors with a premium of 52.38% over the S&P 500’s return of 26.73% during the same period.
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Together, let's continue to harness the transformative power of AI in the stock market.
Warm Regards,
Yaron Golgher,
CEO
I Know First