🚀 Today's Big Ideas: Deere, HCA Health, Oracle
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TODAY'S BIG IDEAS
DEERE & CO poised to seasonally rally by +12.2% during the next 90 days.
HCA HEALTHCARE INC seasonally sets up for +12.3% over the next 90 days.
ORACLE CORP poised to rally +7.3% in 2 months.
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(1) Score 8.6 (out of 10): DEERE & CO poised to seasonally rally by +12.2% during the next 90 days.
What’s Going On Here?
DEERE & CO is currently in negotiation with the United Auto Workers union about wage increases and signing bonuses. So far the union has rejected a 10% wage increase. Conversations are ongoing and Deere’s workers have been on strike for almost four weeks.
Why Now?
DEERE & CO indicates an interesting 90 days seasonal set up. During similar occasions, DEERE & CO shares had a median return of +12.2% – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for DEERE & CO received a high score of 8.6 (out of 10). This insight was generated with last price of 352.61.
What’s This Company About?
DEERE & CO is in the Machinery-Farm 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 11% more (average). Ticker symbol: DE 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 395.49 (+12.2%) has been reached. Based on the stock’s recent up and down swings, LongShortBets suggests considering a stop loss level for this insight at 329.01 (last price at 352.61), which is equivalent to a -6.7% decline.
(2) Score 9 (out of 10): HCA HEALTHCARE INC poised to seasonally rally by +12.3% during the next 90 days.
What’s Going On Here?
President Biden’ $1.75 trillion social-spending package could benefit publicly traded hospitals like HCA HEALTHCARE INC which have their facilities located in southern states that have not expanded Medicaid under the Affordable Care Act.
Why Now?
HCA HEALTHCARE INC indicates an interesting 90 days seasonal set up. During similar occasions, HCA HEALTHCARE INC shares had a median return of +12.3% - based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for HCA HEALTHCARE INC received a high score of 9 (out of 10). This insight was generated with last price of 245.27.
What’s This Company About?
HCA HEALTHCARE INC is in the Medical-Hospitals 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 13.8% more (average). Ticker symbol: HCA 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 275.5 (+12.3%) has been reached. Based on the stock's recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 230.97 (last price at 245.27), which is equivalent to a -5.8% decline.
(3) Score 8.3 (out of 10): ORACLE CORP poised to rally +7.3% in 2 months.
What’s Going On Here?
Cloud service provider ORACLE CORP has recently announced a partnership with India’s Airtel telecom company to boost their data centers. This might be a chance for Oracle to tap tens of millions small businesses in India to use Oracle’s digital services.
Why Now?
ORACLE CORP has reached a new shorter-term low. Previously, during similar occasions, ORACLE CORP shares had a median return of +7.3%, over the following 2 months based on 10 historical occasions with 8 of those showing positive returns (80% hit ratio). This buy signal for ORACLE CORP received a high score of 8.3 (out of 10). This insight was generated on 2021-November-10 with last price of 93.83.
What’s This Company About?
ORACLE CORP is in the Enterprise Software/Serv business. Based on the last 2 years' risk/return profile, this asset is seen as Less Risky. Ticker symbol: ORCL 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 100.64 (+7.3%) has been reached. Based on the stock's recent up and down swings, LongShortBets suggests considering a stop loss level for this insight at 89.43 (last price at 93.83), which is equivalent to -4.7%.
For more investment insights, please visit us at www.LongShortBets.com