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Forecasting Company Fundamentals

Divo, Felix, Endress, Eric, Endler, Kevin, Kersting, Kristian, Dhami, Devendra Singh

arXiv.org Artificial Intelligence

Company fundamentals are key to assessing companies' financial and overall success and stability. Forecasting them is important in multiple fields, including investing and econometrics. While statistical and contemporary machine learning methods have been applied to many time series tasks, there is a lack of comparison of these approaches on this particularly challenging data regime. To this end, we try to bridge this gap and thoroughly evaluate the theoretical properties and practical performance of 22 deterministic and probabilistic company fundamentals forecasting models on real company data. We observe that deep learning models provide superior forcasting performance to classical models, in particular when considering uncertainty estimation. To validate the findings, we compare them to human analyst expectations and find that their accuracy is comparable to the automatic forecasts. We further show how these high-quality forecasts can benefit automated stock allocation. We close by presenting possible ways of integrating domain experts to further improve performance and increase reliability.


Archer-Daniels-Midland Co Among Today's Top Buys As Markets Trade In The Red

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This dreadful September could be stuck in neutral. After the market saw a bit of a bounce on Monday, Tuesday, the Dow fell nearly 300 points, with broad losses across the other indices. The S&P 500 closed Tuesday at its lowest since Aug. 20, the Nasdaq NDAQ continued a 5-day losing streak, and the Dow, S&P 500, and Russell 2000 saw red for the sixth time in the last seven days. Investors continued to worry about how the delta variant could derail the economic recovery, along with worries about what moves the Fed could make. Inflation continues to be a concern, too.


Artificial Intelligence Identifies Builders Firstsource Among Today's Top Buys

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Markets continued their bull rally today after a small setback yesterday, with all three major markets in the green. Pushing markets higher was lower Treasury yields, as more investors were comfortable adding risk in a low-yield environment, with fiscal and monetary stimulus providing downside protection. Travel has surged lately with the reopening of the economy, as American Airlines said that July 4 travel surged significantly since last year, as vaccinated movers get more comfortable flying. Later in the week, we will get the Federal Reserve minutes, which will give us insight on the tapering of their asset purchases and more insight into how concerned they are about increasing inflation. For investors looking to find the best opportunities, the deep learning algorithms at Q.ai have crunched the data to give you a set of Top Buys.


Artificial Intelligence Identifies Danaher Corp Among Today's Top Buys

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Amidst the anticipation of the Federal Reserve's statement at 2 PM Wednesday, stocks traded mildly higher among the suspense, as the Dow Jones ticked up 20 points, the S&P 500 rose 0.1%, and the Nasdaq NDAQ gained 0.2%. Based on producer prices data released on Tuesday, inflation could be growing at its fastest rate in over a decade. So eyes and ears are paying extra close attention to what the Fed will say. While no significant monetary policy shifts are expected, buckle up. The central bank could potentially say something about bond buying or interest rates that very well may move the markets one way or another.


American Airlines And Plug Power Receive Top Short Rating From AI

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After the Dow Jones saw its worst week since October thanks to a suddenly more hawkish Fed, it promptly kicked the week off, rising 580 points. It was the blue-chip index's best day since March. With the S&P and Nasdaq also back within striking distance of their record highs, stocks traded primarily flat on Tuesday. The Dow Jones dipped 10 points, while both the S&P 500 and the Nasdaq were flat. No significant catalysts moved the markets today.


Keysight Technologies And Waters Corp Among Top Stocks To Buy Today

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A key inflation indicator, the core personal consumption expenditures, came in at 3.4%. Although this was the fastest increase since 1992, it came in largely as expected. Stocks continued their thunderous rally this week, officially forgetting about last week's Fed-induced downturn. Optimism was further bolstered by a bipartisan agreement on an infrastructure deal and banks passing the Fed's stress test in flying colors after yesterday's market close. The Dow Jones rose 160 points or 0.5%, the S&P 500 climbed 0.2% to hit another all-time high, and the Nasdaq gained 0.2%.


Artificial Intelligence Identifies Autozone And Lowe's Among Today's Top Buys

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For the second day in a row, investors shook off hotter than expected inflation. Despite the consumer price index skyrocketing in May by 5% from a year ago, shattering the estimated 4.7% and the fastest the index rose since August 2008, investors largely overlooked it. The 10-year Treasury yield fell to 1.44% after trading as high as 1.77% earlier in the year, somewhat easing fears and showing that inflation may only be transitory. Investors also continued to cheer Thursday's jobless claims data which again hit a pandemic era low. The Dow Jones gained 100 points, the S&P 500 added 0.2% to its record high, and the Nasdaq ticked up 0.1%.


Fluor Corp Ranked Among Today's Top Shorts Amid Mixed Economic Data

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We had mixed economic data and anxiety over the Fed's meeting, causing stocks to dip somewhat. Stocks did not move much on Tuesday. However, a few reopening plays had a decent start to the day. On the one hand, newly released economic data saw the final demand index for producer prices advance 6.6% for the 12 months ended in May. This was the largest increase since the data was first calculated in November 2010.


Artificial Intelligence Identifies Archer-Daniels-Midland Co Among Today's Top Buys

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The theme of the day was tech, growth, and innovation. Last week, investors shook off hotter than expected inflation data. This week, they are doing the same, as bond yields that skyrocketed in the first half of the year continue to taper off. While the Dow Jones slipped 45 points and the S&P was roughly flat, the Nasdaq NDAQ managed to gain 0.1%. In keeping with the theme of growth's rebound, Cathie Wood's Ark Innovation, an ETF focusing on disruptive technology, and the face of 2020's boom, and the first half of 2021's tech bust, gained about 6% last week.


Artificial Intelligence Ranks Alamo Group Inc Among Today's Top Buys

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It's been a relatively tame week for stocks this week, and Wednesday was no different. The Dow Jones rose 3 points, the S&P 500 continued trading just below its record high and gained nearly 0.2%, while the Nasdaq NDAQ gained 0.4%. Reopening plays like Carnival Corp. and American Airlines AAL led the way, while meme stocks once again had another manic day. Clover Health rose another 23% following yesterday's 85% rally, while Wendy's rose again after gaining 25% yesterday. For investors looking to find the best opportunities, the deep learning algorithms at Q.ai have crunched the data to give you a set of Top Buys.