🚀 Today's Big Ideas: Nasdaq (+6.8%), American Express (+10.5%), Domino's Pizza (+10.9%)
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TODAY’s Big Ideas:
NASDAQ poised to seasonally rally by +6.8% during the next 90 days
AMERICAN EXPRESS sets up for +10.5% rally in 3 months
DOMINO’S PIZZA sets up for +10.9% rally in 2 months
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(1) Score 9 (out of 10): INVESCO QQQ TRUST poised to seasonally rally by +6.8% during the next 90 days
What’s Going On Here?
Invesco QQQ gathered about $1.3 billion in its asset. QQQ provides exposure to the 102 largest domestic and international non-financial companies listed on the Nasdaq by tracking the Nasdaq 100 Index.
Why Now?
INVESCO QQQ TRUST indicates an interesting 90 days seasonal set up. During similar occasions, INVESCO QQQ TRUST shares had a median return of +6.8% – based on 9 historical occasions with 8 of those showing positive returns (89%). This buy signal for INVESCO QQQ TRUST received a high score of 9 (out of 10). This insight was generated with last price of 329.28.
What’s This Company About?
INVESCO QQQ TRUST is in the Sector Fund-Technology business. Based on the last 2 years’ risk/return profile, this asset is seen as Moderate Risk. Ticker symbol: QQQ 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 351.52 (+6.8%) has been reached. Based on INVESCO QQQ TRUST’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 319.28 (last price at 329.28), which is equivalent to a -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 8.3 (out of 10): AMERICAN EXPRESS sets up for +10.5% rally in 3 months
What’s Going On Here?
American Express to offer fintechs credit cards via WebBank. The alliance will focus on offering payment products on the American Express network through fintechs.
Why Now?
AMERICAN EXPRESS CO has triggered a new volatility signal (1 month). During similar occasions, AMERICAN EXPRESS CO shares had a median return of +10.5%, over the following 3 months – based on 10 historical occasions with 8 of those showing positive returns (80%). This buy signal for AMERICAN EXPRESS CO received a high score of 8.3 (out of 10). This insight was generated on 2022-August-16 with last price of 165.35.
What’s This Company About?
AMERICAN EXPRESS CO is in the Finance-Credit Card business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. Ticker symbol: AXP 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 182.72 (+10.5%) has been reached. Based on AMERICAN EXPRESS CO’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 160.45 (last price at 165.35), which is equivalent to a -3% 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 7.1 (out of 10): DOMINO’S PIZZA INC sets up for +10.9% rally in 2 months
What’s Going On Here?
Although Domino’s Pizza have pulled out of Italy, it is beneficial to close down unprofitable stores to focus on the core business.
Why Now?
DOMINO’S PIZZA INC has reached a new shorter-term high. Previously, during similar occasions, DOMINO’S PIZZA INC shares had a median return of +10.9%, over the following 2 months – based on 10 historical occasions with 7 of those showing positive returns (70% hit ratio). This buy signal for DOMINO’S PIZZA INC received a high score of 7.1 (out of 10). This insight was generated on 2022- August-12 with last price of 412.24.
What’s This Company About?
DOMINO’S PIZZA INC is in the Retail-Restaurants business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. ‘Wall Street’ analysts think the stock price will be worth 0% (average). Ticker symbol: DPZ 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 457.32 (+10.9%) has been reached. Based on DOMINO’S PIZZA INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 400.64 (last price at 412.24), which is equivalent to a -2.8% decline.
Returns during similar periods:
For more investment insights, please visit us at www.LongShortBets.com