| | | Good afternoon - A couple of years ago, we started playing with the massive amounts of data that MarketBeat takes in everyday trying to figure out if there was a way to identify short term trading wins. By analyzing earnings data, news sentiment, analyst recommendations, insider transactions and dozens of other data points, we think we’ve found an algorithm that finds winning short-term stock ideas. We call that algorithm the IdeaEngine and its stock ideas are published on MarketBeat All Access every Monday morning. Here are a few of the ideas that the IdeaEngine has made in the last couple of months: - On March 8th, the IdeaEngine suggested Zoom Communications. Seven days later, the stock was up 4.8%
- On March 8th, the IdeaEngine suggested AutoZone. Seven days later, the stock was up 5.3%
- On March 1st, the IdeaEngine suggested Bank of Montreal. Seven days later, the stock was up 4.7%
- On February 22nd, the IdeaEngine suggested Analog Devices. Seven days later, the stock was down 7%. (Can't get them all right, unfortunately!)
- On February 8th, the IdeaEngine suggested ON Semiconductor. Seven days later, the stock was up 4.2%
- On February 8th, the IdeaEngine also suggested Ares Capital. Seven days later, the stock was up 4.6%
Normally IdeaEngine stocks are available to MarketBeat All Access subscribers, but we are now making one IdeaEngine idea available free every Monday as an SMS alert. We’ll be releasing the first IdeaEngine alert on Monday morning, so make sure you are signed up before then. William Bushee MarketBeat and InsiderTrades.com P.S. The IdeaEngine has had some good stock ideas recently, but it’s just an algorithm. It’s not always right and it should be only part of your research process. Remember that stock investing and trading involves risk and you should always consult with a competent financial professional before making investment decisions. Read our full terms of service here. | | | |
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