🚀 Today's Big Ideas: Zillow, Netflix, Bitcoin
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TODAY’s Big Ideas:
ZILLOW GROUP to seasonally rally by +14.2% during February
NETFLIX to seasonally rally by +7.1% during February
Bitcoin poised to seasonally rally by +12.4% during February
For more investment insights, please visit us at www.LongShortBets.com
(1) Score 8.6 (out of 10): ZILLOW GROUP to seasonally rally by +14.2% during the month of February
What’s Going On Here?
ZILLOW shares could skyrocket if the company meets its $5bn revenue expectations, according to some analysts. The company has shuttered its home-flipping business after its $881mln loss in 2021.
Why Now?
ZILLOW GROUP INC – C indicates an interesting seasonal (monthly for February) set up. During similar occasions, ZILLOW GROUP INC – C shares had a median return of +14.2%, over the following 1 month – based on 6 historical occasions with 5 of those showing positive returns (83%). This buy signal for ZILLOW GROUP INC – C received a high score of 8.6 (out of 10). This insight was generated with last price of 57.52.
What’s This Company About?
ZILLOW GROUP INC – C is in the E-Commerce/Services business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: ZG US.
What’s My Risk / Reward and Time Horizon?
We found 1 month 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 65.66 (+14.2%) has been reached. Based on ZILLOW GROUP INC – C’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 53.02 (last price at 57.52), which is equivalent to a -7.8% decline.
(2) Score 9.2 (out of 10): NETFLIX to seasonally rally by +7.1% during the month of February
What’s Going On Here?
NETFLIX is refusing to carry Russian state TV channels. The service is defying a local law in response to the invasion of Ukraine.
Why Now?
NETFLIX INC indicates an interesting seasonal (monthly for February) set up. During similar occasions, NETFLIX INC shares had a median return of +7.1%, over the following 1 month – based on 9 historical occasions with 9 of those showing positive returns (100%). This buy signal for NETFLIX INC received a high score of 9.2 (out of 10). This insight was generated with last price of 394.52.
What’s This Company About?
NETFLIX INC is in the Internet Content-Entmnt business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: NFLX US.
What’s My Risk / Reward and Time Horizon?
We found 1 month 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 422.58 (+7.1%) has been reached. Based on NETFLIX INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 368.42 (last price at 394.52), which is equivalent to a -6.6% decline.
You might also like: Score 9.2 (out of 10): BLOCK is poised to seasonally rally by +12.4% during the month of February
(3) Score 8.5 (out of 10): Bitcoin poised to seasonally rally by +12.4% during the month of February
What’s Going On Here?
Russia might be excluded from the global SWIFT transaction system and potentially resulting in a restriction for the country’s citizen to transfer money across Russia’s borders. This has brought back the attention towards an alternative monetary system.
Why Now?
Bitcoin indicates an interesting seasonal (monthly for February) set up. During similar occasions, Bitcoin shares had a median return of +12.4%, over the following 1 month – based on 7 historical occasions with 6 of those showing positive returns (86%). This buy signal for Bitcoin received a high score of 8.5 (out of 10). This insight was generated with last price of 38,351.
What’s This Company About?
Bitcoin is in the crypto / blockchain business. Based on the last 2 years’ risk/return profile, this asset is seen as Risky.
What’s My Risk / Reward and Time Horizon?
We found 1 month 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 43,115 (+12.4%) has been reached. Based on Bitcoin’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 35,367 (last price at 38,351), which is equivalent to a -7.8% decline.
For more investment insights, please visit us at www.LongShortBets.com