Amazon.com Inc. (AMZN) was a top stock pick based on predictive algorithm recommended to I Know First subscribers on October 30th for the 3-month time horizon. Amazon had a signal of 75.48 and a predictability of 0.33. In accordance with the algorithm, the company reported short-term capital gains of 20.54%.

AMZN was part of the stock forecast that can be found in the “Top Tech Stocks” Package.

The full Top 10 Top Tech Stocks forecast includes a daily prediction for a total of 20 stocks with bullish and bearish signals:

Top ten stocks picks to long

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Amazon.com, Inc. operates as an online retailer in North America and internationally. Additionally, the company offers Amazon Prime, an annual membership program, which provides free shipping of items; access to streaming of movies and TV episodes; and access to books to borrow and read on a Kindle device. Amazon.com, Inc. was founded in 1994 and is headquartered in Seattle, Washington.

Amazon CEO Jeff Bezos reported that the company made a fourth-quarter profit of $214 million on sales of 29.3 billion, after two straight periods of losses. The positive news relieved investors’ concerns that Bezos was spending too much on initiatives such as speedier package delivery and original video programming, and not on making money. The stock jumped almost 14% after the markets closed.

It was very important for the company to show a profit for the quarter, especially since the company posted its first annual loss in at least 12 years. The stock fell 22% last year, even as the S&P 500 Index had a return of 11%. Amazon executives claimed they would not slow down their spending, continuing with plans to keep building data centers for the cloud-computing division and fulfillment centers for faster delivery of goods.

Amazon is forecasting an operating loss of $450 million to a gain of $50 million for the first quarter of 2015. Chief Financial Officer Tom Szkutak said that Amazon will break out the cloud-computing unit, called Amazon Web Services, into its own category when it reports results next quarter. He also boasted that the company’s spending was paying off, as Amazon Prime saw 53% growth in 2014, leading to more e-commerce customers and customers that buy goods from the website.