In the realm of stock market investing, the use of artificial intelligence and machine learning has been gaining traction. One such AI model, developed by iFi AI, is leveraging a combination of fundamental, technical, and news data to identify stocks with potential upside. Powered by IBM’s Watsonx, the model has been making waves in the market by accurately predicting the performance of certain stocks in volatile sectors.
One of the notable successes of the iFi AI model was its prediction regarding Marathon Oil. As of May 20, Marathon Oil was identified as a top pick by iFi AI, and shortly after, it was acquired by ConocoPhillips, leading to an 8% surge in its stock price. Another standout stock in the model’s portfolio is Marathon Digital, a Bitcoin mining company. Despite a 17% decline in 2024, iFi AI foresees a substantial 40% increase in its stock price.
According to iFi AI’s analysis, the five stocks with the highest projected upside potential in the next 30 days are all from the highest confidence bracket with market caps of at least $1 billion. Apart from Marathon Digital, Kilroy Realty is also highlighted as a promising investment opportunity. Despite a 16% decrease in its share price this year, Kilroy Realty, a real estate investment trust based in California, has shown resilience by raising capital through a bond sale and maintaining a strong liquidity position.
In addition to the real estate and energy sectors, iFi AI is also bullish on the biotech industry. BridgeBio Pharma, Viking Therapeutics, and Protagonist Therapeutics are identified as high-confidence stocks with significant upside potential. These biotech companies are known for their volatility, as developments in drug trials can greatly impact their market performance. Viking Therapeutics, in particular, has been making strides in developing an oral anti-obesity drug, positioning itself as a promising player in the healthcare sector.
Leading the charge at iFi AI is CNBC senior analyst and commentator Ron Insana, who serves as the CEO of the company. Since its launch in March, iFi AI has been making a name for itself in the investment landscape, providing individual investors with valuable insights and recommendations backed by advanced AI technology.
Overall, the integration of AI models in stock picking has the potential to revolutionize the way investors approach the market. By leveraging data-driven analysis and machine learning algorithms, investors can make more informed decisions and capitalize on emerging opportunities in volatile sectors. The success stories of iFi AI serve as a testament to the power of technology in shaping the future of stock investing.