🚀 Today's Big Ideas: JPMorgan, AMC, GameStop
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TODAY'S BIG IDEAS
JPMORGAN CHASE & CO sets up for +7% rally in 3 months
AMC ENTERTAINMENT HLDS-CL A poised to rally -17.8% drop in 1 month
GAMESTOP CORP-CLASS A sets up for +8.3% rally in 2 weeks
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(1) Score 7 (out of 10): JPMORGAN CHASE & CO sets up for +7% rally in 3 months
What’s Going On Here?
JP MORGAN has once again been named the world’s most important bank to the health of the wider financial system – according to the Financial Stability Board (FSB) which published their report on Tuesday. Banks that are systematically important need to hold additional capital and undergo more intense supervision.
Why Now?
JPMORGAN CHASE & CO has triggered a new technical analysis signal. During similar occasions, JPMORGAN CHASE & CO shares had a median return of +7%, over the following 3 months – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for JPMORGAN CHASE & CO received a high score of 7 (out of 10). This insight was generated on 2021-November-30 with last price of 158.83.
What’s This Company About?
JPMORGAN CHASE & CO is in the Diversified Banking Inst 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 11.5% more (average). Ticker symbol: JPM 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 169.87 (+7%) has been reached. Based on JPMORGAN CHASE & CO’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 150.73 (last price at 158.83), which is equivalent to a -5.1% decline.
(2) Score 8.1 (out of 10): AMC ENTERTAINMENT HLDS-CL A poised to rally -17.8% drop in 1 month
What’s Going On Here?
AMC ENTERTAINMENT is the latest legacy company to get into the NFT game. Together with Sony Pictures, the theater company will offer 86k non-fungible tokens around its ‘Spider-Man’ release (Dec 16). Brands are seeing NFTs as a way to connect with their consumes. More than 100 NFT designs will be available.
Why Now?
AMC ENTERTAINMENT HLDS-CL A has reached a new shorter-term low. Previously, during similar occasions, AMC ENTERTAINMENT HLDS-CL A shares had a median return of – 17.8%, over the following 1 month based on 10 historical occasions with 9 of those showing negative returns (90% hit ratio). This sell signal for AMC ENTERTAINMENT HLDS-CL A received a high score of 8.1 (out of 10). This insight was generated on 2021-November-30 with last price of 33.94.
What’s This Company About?
AMC ENTERTAINMENT HLDS-CL A is in the Theaters business. Based on the last 2 years’ risk/return profile, this asset is seen as Risky. ‘Wall Street’ analysts think the stock price will be worth -83.6% less (average). Ticker symbol: AMC 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 27.91 (-17.8%) has been reached. Based on AMC ENTERTAINMENT HLDS-CL A’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 41.14 (last price at 33.94), which is equivalent to a 21.2% rally.
(3) Score 7.1 (out of 10): GAMESTOP CORP-CLASS A sets up for +8.3% rally in 2 weeks
What’s Going On Here?
GAMESTOP will release quarterly earnings next week. It’s new management board is quietly turning the business around and might reveal new catalysts during the earnings call (Dec 8 th ). So far the management team has not provided formal guidance and has not revealed their strategy.
Why Now?
GAMESTOP CORP-CLASS A has triggered a new price range signal. During similar occasions, GAMESTOP CORP-CLASS A shares had a median return of +8.3%, over the following 2 weeks – based on 10 historical occasions with 6 of those showing positive returns (60%). This buy signal for GAMESTOP CORP-CLASS A received a high score of 7.1 (out of 10). This insight was generated on 2021-November-30 with last price of 196.21.
What’s This Company About?
GAMESTOP CORP-CLASS A is in the Retail-Misc/Diversified 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 -55.2% less (average). Ticker symbol: GME 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 212.52 (+8.3%) has been reached. Based on GAMESTOP CORP-CLASS A’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 159.81 (last price at 196.21), which is equivalent to a -18.6% decline.
For more investment insights, please visit us at www.LongShortBets.com