🔥🔥 COVID re-opening: Live Nation +13%, Expedia +19%, MGM Resorts +11%
Hedge Fund Quality Insights accessible at EVERYONE's fingertips.
Today’s big ideas:
LIVE NATION indicates to return +13.3% rally in 3 months
EXPEDIA GROUP sets up for +19.3%% rally in 3 months
MGM RESORTS sets up for +11.4% rally in 2 months
For more investment insights, please visit us at www.LongShortBets.com
(1) Score 7.8 (out of 10): LIVE NATION indicates to return +13.3% rally in 3 months
What’s Going On Here?
Live Nation is expected to announce earnings on Feb 24. Analysts are expecting $5.6bn for the current financial year and are estimating $12.8bn for the next financial year. Goldman Sachs upped their target price on Live Nation Entertainment from $112.00 to $130.00 and gave the company a “buy” rating in a research report on Nov 15.
Why Now?
LIVE NATION ENTERTAINMENT IN appears to have reached a potential bottom. During similar occasions, LIVE NATION ENTERTAINMENT IN shares had a median return of +13.3%, over the following 3 months – based on 10 historical occasions with 8 of those showing positive returns (80%). This buy signal for LIVE NATION ENTERTAINMENT IN received a high score of 7.8 (out of 10). This insight was generated on 2022-January-28 with last price of 105.27.
What’s This Company About?
LIVE NATION ENTERTAINMENT IN is in the Theaters business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. Ticker symbol: LYV US.
What’s My Risk / Reward and Time Horizon?
We found 3 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 119.23 (+13.3%) has been reached. Based on LIVE NATION ENTERTAINMENT IN’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 102.77 (last price at 105.27), which is equivalent to a -2.4% decline.
You might also like: Score 9.6 (out of 10): ALPHABET (Google) sets up for +11.1% rally in 2 months
(2) Score 9.6 (out of 10): EXPEDIA GROUP sets up for +19.3%% rally in 3 months
What’s Going On Here?
EXPEDIA is one of those stocks we have been highlighting that is making a new high, despite other parts of the market digesting the headwinds of interest hike expectations. Professional investors see this ‘relative strength’ as a positive for future stock price performance. Actor Ewan McGregor and Expedia are teaming up to give away free ‘trips’ on Super Bowl Sunday.
Why Now?
EXPEDIA GROUP INC has reached a new medium term high. Previously, during similar occasions, EXPEDIA GROUP INC shares had a median return of +19.3%, over the following 3 months – based on 5 historical occasions with 5 of those showing positive returns (100% hit ratio). This buy signal for EXPEDIA GROUP INC received a high score of 9.6 (out of 10). This insight was generated on 2022-February-1 with last price of 185.33.
What’s This Company About?
EXPEDIA GROUP INC is in the E-Commerce/Services business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. Ticker symbol: EXPE US.
What’s My Risk / Reward and Time Horizon?
We found 3 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 221.14 (+19.3%) has been reached. Based on EXPEDIA GROUP INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 182.83 (last price at 185.33), which is equivalent to a -1.3% decline.
You might also like: Score 8.5 (out of 10): TWILIO sets up for +17.1 rally in 1 month
(3) Score 8.3 (out of 10): MGM RESORTS sets up for +11.4% rally in 2 months
What’s Going On Here?
MGM Resorts is expected to release earnings after the market on Feb 9. In the last reported quarter, the company delivered an earnings surprise of +175%. Estimates are for 2 cents per share, a large improvement from a 90 cents reported loss in the quarter a year ago.
Why Now?
MGM RESORTS INTERNATIONAL has reached a new shorter-term high. Previously, during similar occasions, MGM RESORTS INTERNATIONAL shares had a median return of +11.4%, over the following 2 months – based on 10 historical occasions with 9 of those showing positive returns (90% hit ratio). This buy signal for MGM RESORTS INTERNATIONAL received a high score of 8.3 (out of 10). This insight was generated on 2022-February-7 with last price of 45.61.
What’s This Company About?
MGM RESORTS INTERNATIONAL is in the Casino Hotels business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. ‘Wall Street’ analysts think the stock price will be worth +24% (average). Ticker symbol: MGM US.
What’s My Risk / Reward and Time Horizon?
We found 2 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 50.83 (+11.4%) has been reached. Based on MGM RESORTS INTERNATIONAL’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 43.11 (last price at 45.61), which is equivalent to a -5.5% decline.
For more investment insights, please visit us at www.LongShortBets.com