🚀 Today's Big Ideas: Blackstone, Amazon, Fortinet
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TODAY'S BIG IDEAS
BLACKSTONE INC poised to seasonally rally by +9.8% during the next 30 days.
AMAZON.COM INC sets up for +4.2% rally in 2 weeks
FORTINET INC poised to seasonally rally by +19% during the next 60 days.
For more investment insights, please visit us at www.LongShortBets.com
(1) Score 9 (out of 10): BLACKSTONE INC poised to seasonally rally by +9.8% during the next 30 days.
What’s Going On Here?
BLACKSTONE’s share price tends to do well in January. The investment management company focuses on real estate, hedge funds, private equity, leveraged lending and rescue financing. In 2021, Blackstone’s shares have been up almost +100%.
Why Now?
BLACKSTONE INC indicates an interesting 30 days seasonal set up. During similar occasions, BLACKSTONE INC shares had a median return of +9.8% – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for BLACKSTONE INC received a high score of 9 (out of 10). This insight was generated with last price of 128.5.
What’s This Company About?
BLACKSTONE INC is in the Private Equity 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 17.4% more (average). Ticker symbol: BX US.
What’s My Risk / Reward and Time Horizon?
We found 30 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 141.05 (+9.8%) has been reached. Based on BLACKSTONE INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 116.6 (last price at 128.5), which is equivalent to a -9.3% decline.
(2) Score 8.4 (out of 10): AMAZON.COM INC sets up for +4.2% rally in 2 weeks
What’s Going On Here?
AMAZON shares have been disappointing this year, underperforming the other FANG stocks. While the focus seems to have been on the company’s retail business (boosted by last year’s stimulus cheques and online ordering), AMAZON’s Web Service segment (cloud computing) saw a revenue increase by +39% Year-over-Year and will likely keep growing strongly.
Why Now?
AMAZON.COM INC has triggered a new technical analysis ‘rally reversal’ signal. During similar occasions, AMAZON.COM INC shares had a median return of +4.2%, over the following 2 weeks – based on 10 historical occasions with 7 of those showing positive returns (70%). This buy signal for AMAZON.COM INC received a high score of 8.4 (out of 10). This insight was generated on 2021- December-30 with last price of 3384.02.
What’s This Company About?
AMAZON.COM INC is in the E-Commerce/Products 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 21.5% more (average). Ticker symbol: AMZN US.
What’s My Risk / Reward and Time Horizon?
We found 2 weeks 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 3525.61 (+4.2%) has been reached. Based on AMAZON.COM INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 3178.72 (last price at 3384.02), which is equivalent to a -6.1% decline.
(3) Score 8.6 (out of 10): FORTINET INC poised to seasonally rally by +19% during the next 60 days.
What’s Going On Here?
FORTINET is a provider of network security solutions. The company was recently named and included in the Nasdaq-100 index (Dec 20, 2021). Tracker funds will have to buy FORTINET shares. The $60bn market cap company shows profit margins of +20%.
Why Now?
FORTINET INC indicates an interesting 60 days seasonal set up. During similar occasions, FORTINET INC shares had a median return of +19% – based on 10 historical occasions with 8 of those showing positive returns (80%). This buy signal for FORTINET INC received a high score of 8.6 (out of 10). This insight was generated with last price of 366.74.
What’s This Company About?
FORTINET INC is in the Computer Data Security 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 1.3% more (average). Ticker symbol: FTNT US.
What’s My Risk / Reward and Time Horizon?
We found 60 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 436.33 (+19%) has been reached. Based on FORTINET INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 332.04 (last price at 366.74), which is equivalent to a -9.5% decline.
For more investment insights, please visit us at www.LongShortBets.com