🚀 Today's Big Ideas: Meta (Facebook), Nvidia, MGM Resorts
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TODAY’s Big Ideas:
Score 8.6 (out of 10): META (Facebook) poised to rally +17.5% rally in 3 months
Score 9.1 (out of 10): NVIDIA poised to seasonally rally by +7.0% next 1 month
Score 8.2 (out of 10): MGM RESORTS indicates to return +8.7 rally in 2 weeks
For more investment insights, please visit us at www.LongShortBets.com
(1) Score 8.6 (out of 10): META PLATFORMS (Facebook) poised to rally +17.5% rally in 3 months
What’s Going On Here?
Facebook’s parent company ‘Meta’ has created a powerful AI supercomputer to support the metaverse project. The computer, which is already up and running but is still being built, is called AI Research SuperCluster.Â
Why Now?
META PLATFORMS INC-CLASS A has reached a new medium term low. Previously, during similar occasions, META PLATFORMS INC-CLASS A shares had a median return of +17.5%, over the following 3 months based on 10 historical occasions with 9 of those showing positive returns (90% hit ratio). This buy signal for META PLATFORMS INC-CLASS A received a high score of 8.6 (out of 10). This insight was generated on 2022-January-21 with last price of 303.17.
What’s This Company About?
META PLATFORMS INC-CLASS A is in the Internet Content-Entmnt business. Based on the last 2 years’ risk/return profile, this asset is seen as Moderate Risk. Ticker symbol: FB 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 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 356.15 (+17.5%) has been reached. Based on META PLATFORMS INC-CLASS A’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 300.67 (last price at 303.17), which is equivalent to a -0.8% decline.
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(2) Score 9.1 (out of 10): NVIDIA poised to seasonally rally by +7.0% during the next 30 days
What’s Going On Here?
Nvidia appears to be abandoning its $40 billion takeover of Arm. The deal has faced close scrutiny from regulators around the world, who worry it would give Nvidia an unfair advantage in the semiconductor industry.
Why Now?
NVIDIA CORP indicates an interesting 30 days seasonal set up. During similar occasions, NVIDIA CORP shares had a median return of +7% – based on 10 historical occasions with 10 of those showing positive returns (100%). This buy signal for NVIDIA CORP received a high score of 9.1 (out of 10). This insight was generated with last price of 233.74.
What’s This Company About?
NVIDIA CORP is in the Electronic Compo-Semicon business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. Ticker symbol: NVDA 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 250.19 (+7%) has been reached. Based on NVIDIA CORP’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 231.24 (last price at 233.74), which is equivalent to a -1.1% decline.
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(3) Score 8.2 (out of 10): MGM RESORTS indicates to return +8.7 rally in 2 weeks
What’s Going On Here?
MGM Resorts Is Expanding Its Membership Rewards Program. Starting Feb. 1, both gaming and non-gaming guests will be able to participate in the MGM Rewards program, earning points on nearly everything they pay for from restaurants to table games.
Why Now?
MGM RESORTS INTERNATIONAL appears to have reached a potential bottom. During similar occasions, MGM RESORTS INTERNATIONAL shares had a median return of +8.7%, over the following 2 weeks – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for MGM RESORTS INTERNATIONAL received a high score of 8.2 (out of 10). This insight was generated on 2022-January-24 with last price of 41.98.
What’s This Company About?
MGM RESORTS INTERNATIONAL is in the Casino Hotels business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. Ticker symbol: MGM 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 45.64 (+8.7%) has been reached. Based on MGM RESORTS INTERNATIONAL’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 39.48 (last price at 41.98), which is equivalent to a -6% decline.
For more investment insights, please visit us at www.LongShortBets.com