🚀 Today's Big Ideas: Newmont (Gold), Sea Ltd, State Street
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TODAY’s Big Ideas:
NEWMONT (Gold) sets up for +8.2% rally in 2 months
SEA-ADR poised to rally +22.5% rally in 2 months
STATE STREET sets up for +7.7% rally in 3 months
For more investment insights, please visit us at www.LongShortBets.com
(1) Score 8.3 (out of 10): NEWMONT (Gold) sets up for +8.2% rally in 2 months
What’s Going On Here?
Gold prices appear to build a sold bottom around the 1,800 ounce level as inflation seems to be a concern. Top gold producers, such as NEWMONT could benefit. ‘Wall Street’ will likely raise their target prices for the shares.
Why Now?
NEWMONT CORP has triggered a new high volatility signal (1 month). During similar occasions, NEWMONT CORP shares had a median return of +8.2%, over the following 2 months – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for NEWMONT CORP received a high score of 8.3 (out of 10). This insight was generated on 2022-February-16 with last price of 64.28.
What’s This Company About?
NEWMONT CORP is in the Gold Mining 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 +3% (average). Ticker symbol: NEM 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 69.56 (+8.2%) has been reached. Based on NEWMONT CORP’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 61.78 (last price at 64.28), which is equivalent to a -3.9% decline.
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(2) Score 8.1 (out of 10): SEA-ADR poised to rally +22.5% rally in 2 months
What’s Going On Here?
SEA LIMITED is a consumer internet company. Cathie Wood’s ARK investment ETF has been increasing her stake in the company, an encouraging sign.
Why Now?
SEA LTD-ADR has reached a new shorter-term low. Previously, during similar occasions, SEA LTD-ADR shares had a median return of +22.5%, over the following 2 months based on 10 historical occasions with 7 of those showing positive returns (70% hit ratio). This buy signal for SEA LTD-ADR received a high score of 8.1 (out of 10). This insight was generated on 2022-February-18 with last price of 127.69.
What’s This Company About?
SEA LTD-ADR is in the E-Commerce/Products business. Based on the last 2 years’ risk/return profile, this asset is seen as Moderate Risk. Ticker symbol: SE 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 156.48 (+22.5%) has been reached. Based on SEA LTD-ADR’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 107.69 (last price at 127.69), which is equivalent to a -15.7% decline.
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(3) Score 8.8 (out of 10): STATE STREET sets up for +7.7% rally in 3 months
What’s Going On Here?
STATE STREET has posed a revenue of $3.05bn compared to $2.92bn a year ago. The company could also be a key beneficiary of higher interest rates as banks tend to profit from interest bearing excess reserves on their balance sheets.
Why Now?
STATE STREET CORP has triggered a new high volatility signal (3 month). During similar occasions, STATE STREET CORP shares had a median return of +7.7%, over the following 3 months – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for STATE STREET CORP received a high score of 8.8 (out of 10). This insight was generated on 2022-February-17 with last price of 93.29.
What’s This Company About?
STATE STREET CORP is in the Fiduciary Banks 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 +23% (average). Ticker symbol: STT 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 100.84 (+7.7%) has been reached. Based on STATE STREET CORP’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 89.85 (last price at 93.65), which is equivalent to a -4.1% decline.
For more investment insights, please visit us at www.LongShortBets.com