🚀 Today's Big Ideas: Google, Netflix, Halliburton
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TODAY'S BIG IDEAS
ALPHABET sets up for +9.2% rally in 3 months
NETFLIX poised to seasonally rally by +20% next 90 days
HALLIBURTON sets up for +11.4% rally in 1 month
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(1) Score 8.5 (out of 10): ALPHABET sets up for +9.2% rally in 3 months
What’s Going On Here?
ALPHABET, google’s parent company, has announced new features as the tech company wants to make its Android operating system better and also announced new synergy features to connect PCs, phones and Chromebooks.
Why Now?
ALPHABET INC-CL A has triggered a new technical analysis signal. During similar occasions, ALPHABET INC-CL A shares had a median return of +9.2%, over the following 3 months – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for ALPHABET INC-CL A received a high score of 8.5 (out of 10). This insight was generated on 2022-January-5 with last price of 2755.5.
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 Less Risky. ‘Wall Street’ analysts think the stock price will be worth 22.1% more (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 3010.02 (+9.2%) 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 2599.2 (last price at 2755.5), which is equivalent to a -5.7% decline.
(2) Score 8.5 (out of 10): NETFLIX poised to seasonally rally by +20% during the next 90 days.
What’s Going On Here?
NETFLIX is still ahead in the streaming war with 213 million subscribers, ahead of Disney with 118 million and HBO Max with 74 million. NETFLIX has also invested more heavily in international content, helping to drive the company’s global market share.
Why Now?
NETFLIX INC indicates an interesting 90 days seasonal set up. During similar occasions, NETFLIX INC shares had a median return of +20% – based on 10 historical occasions with 10 of those showing positive returns (100%). This buy signal for NETFLIX INC received a high score of 8.5 (out of 10). This insight was generated with last price of 567.52.
What’s This Company About?
NETFLIX INC is in the Internet Content-Entmnt 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 20.3% more (average). Ticker symbol: NFLX 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 680.81 (+20%) has been reached. Based on NETFLIX INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 527.42 (last price at 567.52), which is equivalent to a -7.1% decline.
(3) Score 7.5 (out of 10): HALLIBURTON sets up for +11.4% rally in 1 month
What’s Going On Here?
HALLIBURTON will likely continue to return more cash to shareholders this year, according to analysts covering the shares. The market could be underestimating the company’s restrained spending and its free cash flow generation.
Why Now?
HALLIBURTON CO has triggered a new price range signal. During similar occasions, HALLIBURTON CO shares had a median return of +11.4%, over the following 1 month – based on 10 historical occasions with 6 of those showing positive returns (60%). This buy signal for HALLIBURTON CO received a high score of 7.5 (out of 10). This insight was generated on 2022-January-4 with last price of 25.43.
What’s This Company About?
HALLIBURTON CO is in the Oil-Field Services 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 15.8% more (average). Ticker symbol: HAL 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 28.32 (+11.4%) has been reached. Based on HALLIBURTON CO’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 23.23 (last price at 25.43), which is equivalent to a -8.7% decline.
For more investment insights, please visit us at www.LongShortBets.com