🚀 Today's Big Ideas: Google (+15.1%), Home Depot (+7.7%), Cisco (+5.2%)
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TODAY’s Big Ideas:
ALPHABET sets up for +15.1% rally in 3 months
HOME DEPOT poised to seasonally rally by +7.7% during the next 90 days.
CISCO SYSTEMS sets up for +5.2% rally in 1 month
For more investment insights, please visit us at www.LongShortBets.com
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(1) Score 8.9 (out of 10): ALPHABET sets up for +15.1% rally in 3 months
What’s Going On Here?
Google has a large and diverse advertiser base and is benefiting from Performance Max, still early in its roll out. The Performance Max advertising platform automates buying across YouTube, internet search, display, Discover, Gmail and maps.
Why Now?
ALPHABET INC-CL A has reached a new medium term high. Previously, during similar occasions, ALPHABET INC-CL A shares had a median return of +15.1%, over the following 3 months – based on 10 historical occasions with 9 of those showing positive returns (90% hit ratio). This buy signal for ALPHABET INC-CL A received a high score of 8.9 (out of 10). This insight was generated on 2022-August-10 with last price of 119.7.
What’s This Company About?
ALPHABET INC-CL A is in the Web Portals/ISP 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 0% (average). Ticker symbol: GOOGL 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 137.8 (+15.1%) has been reached. Based on ALPHABET INC-CL A’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 114.5 (last price at 119.7), which is equivalent to a -4.3% decline.
Returns during similar periods:
You might also like: Score 9 (out of 10): MICROSOFT poised to seasonally rally by +6.9% during the next 90 days
(2) Score 9.1 (out of 10): HOME DEPOT poised to seasonally rally by +7.7% during the next 90 days.
What’s Going On Here?
The Home Depot to Host Second Quarter Earnings Conference Call on August 16.
Why Now?
HOME DEPOT INC indicates an interesting 90 days seasonal set up. During similar occasions, HOME DEPOT INC shares had a median return of +7.7% – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for HOME DEPOT INC received a high score of 9.1 (out of 10). This insight was generated with last price of 305.21.
What’s This Company About?
HOME DEPOT INC is in the Retail-Building Products business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: HD 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 328.75 (+7.7%) has been reached. Based on HOME DEPOT INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 296.71 (last price at 305.21), which is equivalent to a -2.8% decline.
Returns during similar periods:
You might also like: Score 7.3 (out of 10): APPLE sets up for +6% rally in 1 month
(3) Score 7.4 (out of 10): CISCO SYSTEMS INC sets up for +5.2% rally in 1 month
What’s Going On Here?
Cisco Systems, Inc. is engaged in designing and selling a range of technologies that power the Internet. The Company is integrating its platforms across networking, security, collaboration, applications and the cloud.
Why Now?
CISCO SYSTEMS INC has reached a new medium term high. Previously, during similar occasions, CISCO SYSTEMS INC shares had a median return of +5.2%, over the following 1 month – based on 10 historical occasions with 7 of those showing positive returns (70% hit ratio). This buy signal for CISCO SYSTEMS INC received a high score of 7.4 (out of 10). This insight was generated on 2022-August- 10 with last price of 46.02.
What’s This Company About?
CISCO SYSTEMS INC is in the Networking Products 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 0% (average). Ticker symbol: CSCO US.
What’s My Risk / Reward and Time Horizon?
We found 1 month 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 48.41 (+5.2%) has been reached. Based on CISCO SYSTEMS INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 44.82 (last price at 46.02), which is equivalent to a -2.6% decline.
Returns during similar periods:
For more investment insights, please visit us at www.LongShortBets.com