🚀 Today's Big Ideas: Adobe, Keysight, Health Care ETF
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TODAY'S BIG IDEAS
ADOBE poised to seasonally rally by +10.0% during the next 90 days
KEYSIGHT TECH sets up for +11.1% rally in 2 months
HEALTH CARE ETF sets up for +8.6% rally in 3 months
For more investment insights, please visit us at www.LongShortBets.com
(1) Score 9.1 (out of 10): ADOBE poised to seasonally rally by +10.0% during the next 90 days
What’s Going On Here?
According to Wall Street analysts, Adobe might have +25% upside in 2022. An ‘Adobe’ board member (Laura Desmond) has just increased her ownership ($15mln seems to be her total holdings) – usually this is a sign of confidence that the current share price offers a good entry level.
Why Now?
ADOBE INC indicates an interesting 90 days seasonal set up. During similar occasions, ADOBE INC shares had a median return of +10% – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for ADOBE INC received a high score of 9.1 (out of 10). This insight was generated with last price of 529.89.
What’s This Company About?
ADOBE INC is in the Electronic Forms business. Based on the last 2 years’ risk/return profile, this asset is seen as Moderate Risk. ‘Wall Street’ analysts think the stock price will be worth 25.5% more (average). Ticker symbol: ADBE US.
What’s My Risk / Reward and Time Horizon?
We found 90 days 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 582.87 (+10%) has been reached. Based on ADOBE INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 478.49 (last price at 529.89), which is equivalent to a -9.7% decline.
(2) Score 8.7 (out of 10): KEYSIGHT TECH sets up for +11.1% rally in 2 months
What’s Going On Here?
KEYSIGHT offers electronic measurement services. The company was just selected by Chunghwa Telecom to accelerate verification of open radio access network (ORAN) equipment. Chunghwa is Taiwan’s largest integrated telecom services company.
Why Now?
KEYSIGHT TECHNOLOGIES IN has triggered a new high volatility signal (2 month). During similar occasions, KEYSIGHT TECHNOLOGIES IN shares had a median return of +11.1%, over the following 2 months – based on 10 historical occasions with 8 of those showing positive returns (80%). This buy signal for KEYSIGHT TECHNOLOGIES IN received a high score of 8.7 (out of 10). This insight was generated on 2022-January-11 with last price of 191.7.
What’s This Company About?
KEYSIGHT TECHNOLOGIES IN is in the Electronic Measur Instr 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 8.2% more (average). Ticker symbol: KEYS 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 212.97 (+11.1%) has been reached. Based on KEYSIGHT TECHNOLOGIES IN’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 179.7 (last price at 191.7), which is equivalent to a -6.3% decline.
(3) Score 8.3 (out of 10): HEALTH CARE ETF sets up for +8.6% rally in 3 months
What’s Going On Here?
US Healthcare spending is expected to reach $8.3 trillion by 2040 with the US Healthcare ETF (XLV) having provided consistent performance. The 3 top holdings within this ETF are: UnitedHealth, Johnson & Johnson and Pfizer.
Why Now?
HEALTH CARE SELECT SECTOR has successfully tested a support level. During similar occasions, HEALTH CARE SELECT SECTOR shares had a median return of +8.6%, over the following 3 months – based on 6 historical occasions with 5 of those showing positive returns (83%). This buy signal for HEALTH CARE SELECT SECTOR received a high score of 8.3 (out of 10). This insight was generated on 2022-January-7 with last price of 135.04
What’s This Company About?
HEALTH CARE SELECT SECTOR is in the Health & Biotechnology business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. Ticker symbol: XLV 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 146.7 (+8.6%) has been reached. Based on HEALTH CARE SELECT SECTOR’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 130.94 (last price at 135.04), which is equivalent to a -3% decline.
For more investment insights, please visit us at www.LongShortBets.com