🚀 Today's Top Ideas: Alphabet, BlackRock, Lowe
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TODAY'S TOP IDEAS
ALPHABET INC-CL A sets up for +6.1% rally in 1 month
BLACKROCK INC sets up for +9% rally in 2 months
LOWE’S COS INC poised to seasonally rally by +6.8% during the next 60 days.
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(1) Score 8.4 (out of 10): ALPHABET INC-CL A sets up for +6.1% rally in 1 month
What’s Going On Here?
ALPHABET announced quarterly earnings end of October and the stock has seen a large number of higher price targets by analysts covering the stock since then. On the flip side, the European General Court ruled that ALPHABET has breached competition rules and deserved a penalty of $2.8bn as the European Commission indicated in 2017.
Why Now?
ALPHABET INC-CL A has triggered a new technical analysis signal. During similar occasions, ALPHABET INC-CL A shares had a median return of +6.1%, over the following 1 month – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for ALPHABET INC-CL A received a high score of 8.4 (out of 10). This insight was generated on 2021-November-12 with last price of 2915.33.
What’s This Company About?
ALPHABET INC-CL A is in the Web Portals/ISP 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 13.9% more (average). Ticker symbol: GOOGL 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 3091.81 (+6.1%) has been reached. Based on ALPHABET INC-CL A’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 2772.93 (last price at 2915.33), which is equivalent to a -4.9% decline.
(2) Score 8 (out of 10): BLACKROCK INC sets up for +9% rally in 2 months
What’s Going On Here?
BLACKROCK has made ESG investing a focal point for its strategy. CEO Larry Fink has indicated earlier this year that there has been a ‘tectonic shift’ in investors wanted to invest in sustainability-focused companies. BLACKROCK manages almost $10 trillion in assets and is a key beneficiary of institutional ESG related inflows.
Why Now?
BLACKROCK INC has triggered a new volatility signal (1 month). During similar occasions, BLACKROCK INC shares had a median return of +9%, over the following 2 months – based on 10 historical occasions with 8 of those showing positive returns (80%). This buy signal for BLACKROCK INC received a high score of 8 (out of 10). This insight was generated on 2021-November-12 with last price of 965.6.
What’s This Company About?
BLACKROCK INC is in the Invest Mgmnt/Advis Serv 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 1% more (average). Ticker symbol: BLK 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 1052.71 (+9%) has been reached. Based on BLACKROCK INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 924.1 (last price at 965.6), which is equivalent to a -4.3% decline.
(3) Score 8.6 (out of 10): LOWE’S COS INC poised to seasonally rally by +6.8% during the next 60 days.
What’s Going On Here?
LOWE continues to generate robust cash that will be used for significant stock buybacks ($10bn with a 35% dividend payout ratio) as well as approximately $2bn a year toward capital spending. Home Depot and LOWE have been on a multi-year investment cycle to improve stores, expand supply-chain capabilities and the omni-channel experience.
Why Now?
LOWE’S COS INC indicates an interesting 60 days seasonal set up. During similar occasions, LOWE’S COS INC shares had a median return of +6.8% – based on 10 historical occasions with 10 of those showing positive returns (100%). This buy signal for LOWE’S COS INC received a high score of 8.6 (out of 10). This insight was generated with last price of 232.32.
What’s This Company About?
LOWE’S COS INC is in the Retail-Building 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 -0.7% less (average). Ticker symbol: LOW US.
What’s My Risk / Reward and Time Horizon?
We found 60 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 248.08 (+6.8%) has been reached. Based on LOWE’S COS INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 222.62 (last price at 232.32), which is equivalent to a -4.2% decline.
For more investment insights, please visit us at www.LongShortBets.com