🚀 Today's Big Ideas: Sofi Technologies, Amazon, Booking Holdings
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TODAY'S BIG IDEAS
SOFI TECHNOLOGIES INC poised to rally +19.5% rally in 3 months
AMAZON.COM INC sets up for +18 rally in 3 months
BOOKING HOLDINGS INC poised to seasonally rally by +8.8% during the next 90 days.
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(1) Score 8 (out of 10): SOFI TECHNOLOGIES INC poised to rally +19.5% rally in 3 months
What’s Going On Here?
SOFI TECHNOLOGIES, the disruptive fintech company, has seen two of its pre-IPO investors sell some of their shares in the open market. SoftBank sold 22.5m shares while Social Capital sold 15% of its stake (still holding onto 85%). Year to date, SOFI shares have rallied +50% outpacing other rivals. Analysts still see more upside for the shares in 2022.
Why Now?
SOFI TECHNOLOGIES INC has reached a new shorter-term low. Previously, during similar occasions, SOFI TECHNOLOGIES INC shares had a median return of +19.5%, over the following 3 months based on 3 historical occasions with 3 of those showing positive returns (100% hit ratio). This buy signal for SOFI TECHNOLOGIES INC received a high score of 8 (out of 10). This insight was generated on 2021-November-22 with last price of 18.75.
What’s This Company About?
SOFI TECHNOLOGIES INC is in the Finance-Consumer Loans 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 33.3% more (average). Ticker symbol: SOFI 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 22.41 (+19.5%) has been reached. Based on SOFI TECHNOLOGIES INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 15.35 (last price at 18.75), which is equivalent to a -18.1% decline.
(2) Score 8.8 (out of 10): AMAZON.COM INC sets up for +18 rally in 3 months
What’s Going On Here?
AMAZON and other big retail companies are gaining the upper hand in their dependency on payment options (Visa and Mastercard are losing). Amazon said last week that it would stop accepting Visa credit cards issued in the UK from Jan 19 th , 2022 – as the fees on such transactions remained high or in some cases were even rising. Amazon is offering customers who currently use Visa credit cards $27 or $13.5 gift cards to switch to other payment methods.
Why Now?
AMAZON.COM INC has triggered a new high volatility signal (1 month). During similar occasions, AMAZON.COM INC shares had a median return of +18%, over the following 3 months – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for AMAZON.COM INC received a high score of 8.8 (out of 10). This insight was generated on 2021-November-22 with last price of 3572.57.
What’s This Company About?
AMAZON.COM INC is in the E-Commerce/Products 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 14.5% more (average). Ticker symbol: AMZN 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 4216.09 (+18%) has been reached. Based on AMAZON.COM INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 3353.87 (last price at 3572.57), which is equivalent to a -6.1% decline.
(3) Score 9 (out of 10): BOOKING HOLDINGS INC poised to seasonally rally by +8.8% during the next 90 days.
What’s Going On Here?
BOOKING the online travel company, has agreed to acquire Etraveli Group from funds managed by the buyout group CVC Capital Partners for approximately $1.83bn. The deal is still contingent on certain closing conditions, including regulatory approval. Etraveli provides global flight booking services.
Why Now?
BOOKING HOLDINGS INC indicates an interesting 90 days seasonal set up. During similar occasions, BOOKING HOLDINGS INC shares had a median return of +8.8% – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for BOOKING HOLDINGS INC received a high score of 9 (out of 10). This insight was generated with last price of 2341.13.
What’s This Company About?
BOOKING HOLDINGS INC is in the E-Commerce/Services 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 16.9% more (average). Ticker symbol: BKNG 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 2547.09 (+8.8%) has been reached. Based on BOOKING HOLDINGS INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 2176.83 (last price at 2341.13), which is equivalent to a -7% decline.
For more investment insights, please visit us at www.LongShortBets.com