🚀 Today's Big Ideas: Starbucks (+9.3%), Nvidia (+9.1%), Home Depot (+8.0%)
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TODAY’s Big Ideas:
STARBUCKS sets up for +9.3% rally in 3 months
NVIDIA sets up for +9.1% rally in 2 weeks
HOME DEPOT sets up for +8% rally in 3 months
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(1) Score 9 (out of 10): STARBUCKS CORP sets up for +9.3% rally in 3 months
What’s Going On Here?
Starbucks CEO says ‘there are going to be many more’ store closings.
Why Now?
STARBUCKS CORP has triggered a new technical analysis signal. During similar occasions, STARBUCKS CORP shares had a median return of +9.3%, over the following 3 months – based on 3 historical occasions with 3 of those showing positive returns (100%). This buy signal for STARBUCKS CORP received a high score of 9 (out of 10). This insight was generated on 2022-July-20 with last price of 83.27.
What’s This Company About?
STARBUCKS CORP is in the Retail-Restaurants business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: SBUX 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 90.98 (+9.3%) has been reached. Based on STARBUCKS CORP’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 80.37 (last price at 83.27), which is equivalent to a -3.5% decline.
Historical Stock Price:
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(2) Score 8 (out of 10): NVIDIA CORP sets up for +9.1% rally in 2 weeks
What’s Going On Here?
AMD, Nvidia shut out as Intel eyes $52 Billion CHIPS Act windfall.
Why Now?
NVIDIA CORP has triggered a new price range signal. During similar occasions, NVIDIA CORP shares had a median return of +9.1%, over the following 2 weeks – based on 10 historical occasions with 7 of those showing positive returns (70%). This buy signal for NVIDIA CORP received a high score of 8 (out of 10). This insight was generated on 2022-July-20 with last price of 178.07.
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 Moderate Risk. Ticker symbol: NVDA 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 194.19 (+9.1%) 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 164.77 (last price at 178.07), which is equivalent to a -7.5% decline.
Returns during similar periods:
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(3) Score 9 (out of 10): HOME DEPOT INC sets up for +8% rally in 3 months
What’s Going On Here?
Home Depot is an American multinational home improvement retail corporation that sells tools, construction products, appliances, and services. Home Depot is the largest home improvement retailer.
Why Now?
HOME DEPOT INC has triggered a new price range signal. During similar occasions, HOME DEPOT INC shares had a median return of +8%, over the following 3 months – based on 10 historical occasions with 10 of those showing positive returns (100%). This buy signal for HOME DEPOT INC received a high score of 9 (out of 10). This insight was generated on 2022-July-19 with last price of 299.83.
What’s This Company About?
HOME DEPOT INC is in the Retail-Building Products business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: HD 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 323.71 (+8%) has been reached. Based on HOME DEPOT INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 290.73 (last price at 299.83), which is equivalent to a -3% decline.
Returns during similar periods:
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For more investment insights, please visit us at www.LongShortBets.com