Recent developments in artificial intelligence are poised to bring even more competition to traditional stock pickers and money managers, as investors can lean on the machines for advice and research. One of those programs is iFi Ai, an investment information firm powered by IBM’s Watsonx. IFi AI takes in a wide range of market signals and data to make projections about where individual stocks will go next. The data sources used by the AI program include macroeconomic updates, news articles, fundamental company data and technical trading indicators. The company launched in March , with CNBC senior analyst and commentator Ron Insana as CEO. One of the outputs from the iFi AI model is a 30-day projected price return. These five stocks had the highest projections as of Monday morning, within the top confidence interval of the model. The biggest projected return on the list is Paramount Global , a media company that has seen volatile trading in recent weeks. Paramount could be a tricky bet for investors based on outside events. The company is in the middle of discussions about a potential buyout deal , with Sony on one side and Skydance Media on the other. Warren Buffett’s Berkshire Hathaway dumped its shares at a loss. The exact timing and details of any deal could have a big impact on how the stock performs. The iFi AI model sees a gain of 23%. PARA YTD mountain Shares of Paramount Global have seen big swings this year as investors try to position for a potential buyout of the company. The second highest projection is for Western Alliance , with 12% upside. Regional banks have been a risky bet for investors over the past year, but iFi sees big upside for Western Alliance. The mid-sized lender is also well liked on Wall Street. The stock has a buy or strong buy rating from 15 of the 18 analysts tracked by LSEG. Piper Sandler analyst Matthew Clark has Western Alliance as a top pick among regional banks. The next two stocks on the list are tech companies that are underperforming the broader market year to date â MongoDB and Datadog . The AI model projects rallies 11% and 10%, respectfully, for those two stocks. The fifth name on the list is financial firm Charles Schwab . Even though it has a lower projected return than some of the other names on the list Schwab is actually the “top idea” on iFi AI, with high scores for confidence and projected accuracy as well. The iFi AI model is not the only entity bullish on Schwab. The stock has a buy or strong buy rating from 14 of 22 analysts that cover it, according to LSEG.
